ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate is 0.002%. The figure refers to the average funding rate for Ethereum perpetual contracts over an 8-hour cycle and is used to show the current state of funding fee exchange in the derivatives market.
ETH Funding Rates Across Major Exchanges
Among the major exchanges listed in the data, Binance currently shows an ETH 8-hour funding rate of 0.0031%, while OKX stands at 0.001%. Bybit’s rate is 0.0064%, and Gate’s rate is 0.0026%. Based on the Coinglass figures cited by ChainCatcher, Bybit has the highest value among the exchanges mentioned, while OKX has the lowest.
Funding rates are derivatives market data and are not the same as spot price movements. The figures above only reflect ETH funding rate information under Coinglass’s current statistical scope for the broader market and selected major exchanges. These values can update as contract market conditions on each exchange change.