ChainCatcher reported, citing Coinglass data, that BTC’s current 8-hour average funding rate across the network stands at 0.0003%. The figure uses an 8-hour measurement window and represents the average funding rate level for BTC across the broader market covered by Coinglass.
Funding rates vary across major exchanges
Among the major exchanges listed in the data, Binance shows a BTC funding rate of 0.0066%. OKX records a BTC funding rate of -0.0029%, while Bybit’s BTC funding rate is -0.0015%. Gate’s BTC funding rate is 0.0022%.
Based on the reported figures, Binance and Gate are showing positive BTC funding rates, while OKX and Bybit are showing negative BTC funding rates. Funding rates are a standard metric in perpetual futures markets and are used to record the fee exchange between long and short positions over a specified settlement period.
The Coinglass snapshot therefore puts the overall 8-hour average BTC funding rate at 0.0003%, while also providing separate readings for Binance, OKX, Bybit and Gate.