ChainCatcher reported, citing Coinglass data, that BTC’s current 8-hour average funding rate across the network is -0.004%. The figure is presented on an 8-hour basis and represents the average funding-rate level tracked across the market. In this update, the average reading is below zero.
Among major exchanges listed in the data, Binance’s BTC funding rate is -0.0061%, OKX is at -0.0074%, Bybit is at -0.0012%, and Gate is at -0.0067%. Of the four exchange figures provided, OKX has the lowest rate, while Bybit is closest to zero. Binance and Gate are both around the -0.006% range.
Funding rates are commonly used data points in the crypto derivatives market, allowing traders to compare rate differences across trading venues. The figures above are limited to Coinglass’s current statistics and include the overall 8-hour average as well as BTC rates for Binance, OKX, Bybit and Gate.