ChainCatcher reported, citing data from Coinglass, that BTC’s current network-wide 8-hour average funding rate is -0.0004%. Funding rates are a common metric in perpetual futures markets and are used to reflect the fee adjustments between long and short positions as contract prices interact with spot prices. Under the current 8-hour average data set, the overall BTC perpetual market funding rate is slightly negative.
Funding rates differ across major exchanges
Among the major exchanges listed in the Coinglass data, Binance’s BTC funding rate is -0.0025%, while OKX’s rate is -0.0034%, both in negative territory. Bybit’s rate is 0.0004%, and Gate’s rate is 0.0027%, both in positive territory. The figures show that funding rates across exchanges are not moving in the same direction at this point in time.
Based on the disclosed data, OKX has the larger negative rate among the named exchanges, while Gate has the higher positive rate. BTC’s network-wide 8-hour average funding rate remains at -0.0004%, with the referenced exchange-level figures coming from Coinglass data.