According to ChainCatcher, data from Coinglass shows that BTC’s current network-wide 8-hour average funding rate is -0.0001%. The figure is close to the zero line and, under the stated data scope, places the overall BTC perpetual futures funding rate in a slightly negative range.
Funding rates differ across major exchanges
Among the major exchanges currently listed in the data, Binance shows a BTC 8-hour funding rate of 0.003%, while OKX records -0.0015%, Bybit records -0.0003%, and Gate records 0.0002%. Based on the disclosed figures, Binance and Gate are in positive territory, whereas OKX and Bybit are in negative territory, showing that the direction of funding rates is not uniform across platforms.
Funding rates are a common indicator in perpetual futures markets and are generally used for periodic fee settlements between long and short positions. The Coinglass data cited here provides both the BTC network-wide 8-hour average and specific readings from several exchanges, allowing readers to compare individual platform rates with the broader average.