ChainCatcher reported, citing Coinglass data, that BTC’s current average 8-hour funding rate across the network is 0.0016%. Funding rates are commonly used in perpetual futures markets as a periodic payment mechanism between long and short positions, helping keep contract prices close to spot prices. The figure reported here refers specifically to the current network-wide 8-hour average funding rate.
Funding Rates Across Major Exchanges
Among the major exchanges listed in the Coinglass data, Binance’s BTC 8-hour funding rate is 0.0028%, while OKX records -0.0024%. Bybit shows a rate of 0.0064%, and Gate stands at -0.0004%. Based on the listed figures, Bybit has the highest funding rate among the exchanges mentioned, while OKX is negative and lower than Gate.
A positive funding rate generally means long positions pay short positions, while a negative funding rate means short positions pay long positions. The data only presents the current funding-rate levels tracked by Coinglass and does not include BTC price movement or trading-volume information.