ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide average eight-hour funding rate stands at 0.0004%. The figure refers to the average funding rate across the Bitcoin perpetual futures market over an eight-hour period, reflecting the funding adjustment mechanism used by trading platforms for perpetual contracts.
Funding Rates Differ Across Major Exchanges
Among the major exchanges currently listed, Binance shows a BTC funding rate of 0.0009%, while OKX records 0.0036%. Bybit is listed at -0.0029%, and Gate shows 0.0054%. Based on the reported figures, Gate has the highest value among the four platforms, followed by OKX, while Binance remains positive and Bybit is negative.
Funding rates are a standard data point in perpetual contract markets. In general, a positive funding rate means long positions pay short positions according to the contract rules, while a negative funding rate means short positions pay long positions. The data in this report is limited to Coinglass’s BTC network-wide average and the current funding rates for Binance, OKX, Bybit, and Gate.