ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate stands at 0.0004%. The figure refers to the average funding rate over an eight-hour interval and is commonly used in the perpetual futures market to observe the funding settlement conditions between long and short positions.
Across the major exchanges listed in the data, Binance shows a BTC funding rate of 0.0027%, while OKX records -0.0019%. Bybit’s rate is 0.0001%, and Gate’s rate is -0.0006%. Based on these figures, Binance and Bybit are currently showing positive funding rates, while OKX and Gate are showing negative funding rates, indicating that the quoted rates differ across trading venues.
Funding rates are a standard mechanism in perpetual futures markets and are designed to help keep contract prices aligned with spot prices. A positive funding rate corresponds to longs paying shorts, while a negative funding rate corresponds to shorts paying longs. The data above comes from Coinglass and reflects the BTC funding rate conditions at the time of publication.