According to ChainCatcher, Coinglass data shows that BTC’s current average 8-hour funding rate across the network is -0.0011%. The figure reflects the average funding rate status for BTC perpetual contracts across multiple trading platforms over an 8-hour period.
Among the major exchanges listed in the data, Binance’s BTC funding rate is 0.0009%, while Bybit’s rate is 0.0013%. OKX records a funding rate of -0.0064%, and Gate records -0.0069%. Based on these reported exchange-level figures, the direction of the funding rate differs across platforms.
Funding rates are a standard mechanism in perpetual futures markets, involving periodic payments between long and short positions. When the rate is positive, longs typically pay shorts; when it is negative, shorts typically pay longs. The Coinglass data cited here only describes BTC’s current 8-hour funding rate conditions.