ChainCatcher reported, citing data from Coinglass, that BTC’s current all-network 8-hour average funding rate is -0.0003%. The figure represents the average funding rate level for Bitcoin across the broader derivatives market over the current 8-hour funding interval.
Among major trading platforms, the BTC funding rates listed by Coinglass are split across positive and negative readings. Binance currently shows a rate of 0.0042%, while OKX is at -0.0012%. Bybit is listed at -0.0037%, and Gate is at 0.0011%.
Funding rates are commonly used in perpetual futures markets to help keep contract prices aligned with spot prices. Positive and negative rates correspond to different payment arrangements between long and short positions. The reported data only covers the current BTC all-network average and the listed rates on Binance, OKX, Bybit and Gate.