ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate stands at -0.0011%. The figure refers to the average funding rate level across the BTC perpetual futures market over the current 8-hour period, and the latest reading is in negative territory.
Among major exchanges listed in the data, Binance shows a BTC funding rate of 0.0009%, while Bybit records 0.0013%. On the negative side, OKX shows -0.0064% and Gate records -0.0069%. The figures indicate that the funding rates across these trading venues are not moving in the same direction at the time of the Coinglass snapshot.
Funding rates are commonly used in perpetual futures markets as a mechanism for balancing payments between long and short positions. The data cited here only covers the current rates reported by Coinglass, including the network-wide 8-hour average and the specific readings for Binance, OKX, Bybit and Gate.