According to ChainCatcher, data from Coinglass shows that BTC’s current network-wide 8-hour average funding rate is -0.0015%. Funding rates are commonly used in perpetual futures markets as a periodic payment mechanism between long and short positions, and the figure is often referenced to track the cost structure of leveraged BTC positions.
Major exchanges report negative BTC funding rates
Among the major exchanges listed in the Coinglass data, Binance shows a BTC funding rate of -0.0011%, OKX reports -0.0059%, Bybit stands at -0.0047%, and Gate records -0.0006%. The figures refer to the current 8-hour funding rate for BTC.
Based on the exchange data provided, OKX has the largest negative reading at -0.0059%, followed by Bybit at -0.0047%. Binance and Gate show smaller negative readings, at -0.0011% and -0.0006% respectively.