ChainCatcher reported, citing Coinglass data, that BTC’s current network-wide 8-hour average funding rate is -0.0003%. The figure refers to the funding rate level in the perpetual futures market over the specified 8-hour measurement window.
Funding rates differ across major exchanges
Among the major exchanges listed in the data, Binance recorded a BTC funding rate of 0.0042%, while OKX stood at -0.0012%. Bybit posted a funding rate of -0.0037%, and Gate recorded 0.0011%.
The reported figures show a split between positive and negative rates across platforms. A positive funding rate generally means long positions pay funding fees, while a negative funding rate generally means short positions pay funding fees. In this Coinglass snapshot, the network-wide BTC average is slightly below zero, with Binance and Gate in positive territory and OKX and Bybit in negative territory.