ChainCatcher reported, citing data from Coinglass, that BTC’s current 8-hour average funding rate across the network is 0.0013%. The figure reflects the BTC perpetual contract funding-rate level under the reported network-wide 8-hour measurement.
Funding rates across major exchanges
Among the major exchanges listed in the report, Binance recorded a BTC 8-hour funding rate of 0.002%, OKX recorded 0.0032%, Bybit recorded -0.0034%, and Gate recorded 0.0038%. Based on the disclosed figures, Gate, OKX and Binance were in positive territory, while Bybit showed a negative funding rate.
Funding rates are a common settlement mechanism in perpetual contract markets, with payments settled between long and short positions at fixed intervals. The Coinglass data cited in this report only includes the BTC network-wide average and the listed exchange-level rates, and does not provide data for other assets or longer funding-rate periods.