ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate stands at -0.0011%. The figure reflects the overall funding-rate level for BTC perpetual contracts across the tracked market. In perpetual futures markets, a positive funding rate generally means long positions pay short positions, while a negative funding rate generally means short positions pay long positions.
Funding rates differ across major exchanges
Among major exchanges at the current reading, Binance shows a BTC funding rate of 0.0009%, OKX records -0.0064%, Bybit stands at 0.0013%, and Gate records -0.0069%. Based on the reported data, Binance and Bybit are in positive funding-rate territory, while OKX and Gate are in negative territory. Gate has the more negative figure at -0.0069%, followed by OKX at -0.0064%. All figures are from the current Coinglass dataset cited in the report.