ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate is -0.0001%. The figure refers to the average funding rate level for Bitcoin perpetual contracts over an 8-hour period and is commonly used as a reference for funding payments between long and short positions in the contract market.
Among major exchanges, Binance currently shows a BTC funding rate of -0.0045%, OKX is at -0.0031%, Bybit is at 0.0006%, and Gate is at -0.0043%. Based on the listed data, Binance, OKX and Gate are in negative territory, while Bybit is the only exchange among the named platforms with a positive funding rate.
When a funding rate is negative, it generally means short-side positions pay funding fees to long-side positions in that market. When the rate is positive, long-side positions generally pay short-side positions. The Coinglass data cited here only reflects the current BTC funding rate readings across the named platforms and does not include a price trend assessment.