ChainCatcher reported, citing data from Coinglass, that BTC’s current network-wide 8-hour average funding rate is -0.0001%. The figure refers to the average funding rate across the broader market over an 8-hour period and is commonly used to track the funding cost direction between long and short positions in perpetual futures markets.
Funding rates across major exchanges
Among major trading platforms, Binance’s BTC funding rate is 0.003%, while OKX reports a BTC funding rate of -0.0015%. Bybit’s BTC funding rate stands at -0.0003%, and Gate’s BTC funding rate is 0.0002%. The figures show that the direction of funding rates differs across platforms, with both positive and negative readings appearing among the listed exchanges.
Funding rates are part of the mechanism used in perpetual contracts to help keep contract prices aligned with spot market prices. In a positive funding rate environment, long positions generally pay short positions; in a negative funding rate environment, short positions generally pay long positions. The data above reflects the current Coinglass statistics cited in the ChainCatcher news item.