ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate is -0.0003%. Funding rates are a common metric in perpetual futures markets and are used to describe the fee exchange between long and short positions over a given funding interval. The figure cited here refers to the network-wide 8-hour average at the time of the report.
Rates Differ Across Major Exchanges
Among the major trading platforms listed in the data, Binance recorded a BTC funding rate of 0.0042%, while OKX recorded -0.0012%. Bybit’s rate stood at -0.0037%, and Gate’s rate was 0.0011%. Based on the figures disclosed, Binance and Gate showed positive funding rates, while OKX and Bybit showed negative funding rates.
The data comes from Coinglass and reflects the BTC 8-hour funding rate snapshot referenced in ChainCatcher’s newsflash. Funding rates vary by exchange, and the exact numbers are subject to real-time updates from each platform and data provider.