ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate is -0.0003%. Among major exchanges, the reported funding rates differ by platform: Binance is at 0.0042%, OKX is at -0.0012%, Bybit is at -0.0037%, and Gate is at 0.0011%.
Funding rates are commonly used in perpetual futures markets, where long and short positions exchange payments according to the direction of the rate. A positive or negative reading indicates the settlement direction for funding costs during the relevant period. In the data disclosed here, the network-wide 8-hour average is slightly below zero, while Binance and Gate remain positive and OKX and Bybit are negative.
The data set is presented under the metric of “network-wide 8-hour average funding rate” and compares the current BTC funding rates across Binance, OKX, Bybit and Gate. For traders monitoring BTC perpetual contract costs, these figures provide a same-time reference for differences between trading venues.