ChainCatcher reported, citing data from Coinglass, that BTC’s current 8-hour average funding rate across the network stands at 0.0015%. The figure tracks the aggregate level of BTC perpetual contract funding rates across trading venues and is commonly used in derivatives markets to observe the cost difference between long and short positions.
Among the major exchanges listed in the Coinglass data, Binance currently shows a BTC funding rate of 0.006%, while OKX reports 0.0001%. Bybit’s BTC funding rate is -0.0047%, and Gate’s BTC funding rate is 0.0022%. The quoted figures show that the rates vary across platforms, with Bybit recording a negative value while the other listed exchanges show positive rates.
Funding rates are part of the periodic payment mechanism used in perpetual contracts, with payments made between long and short positions according to each exchange’s rules. The data cited in this report covers the current BTC 8-hour average funding rate across the network and the corresponding rates on Binance, OKX, Bybit, and Gate.