ChainCatcher reported, citing Coinglass data, that BTC’s current 8-hour average funding rate across the network is -0.0011%. Among the major exchanges listed in the data, Binance’s funding rate is 0.0009%, OKX’s rate is -0.0064%, Bybit’s rate is 0.0013%, and Gate’s rate is -0.0069%.
Funding rates are commonly used in perpetual futures markets to settle payments between long and short positions, with positive and negative values corresponding to different payment directions. In this data snapshot, the network-wide 8-hour average is in negative territory, while the listed platforms show mixed readings: Binance and Bybit are positive, whereas OKX and Gate are negative.
By exchange, Bybit has the higher positive rate among the listed platforms at 0.0013%, followed by Binance at 0.0009%. On the negative side, Gate records -0.0069%, while OKX records -0.0064%. All figures above are sourced from Coinglass and reflect the timestamp disclosed by ChainCatcher.