ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate stands at 0.0009%. The figure refers to the average funding rate level for Ethereum-related perpetual contract markets over an 8-hour period, showing the current funding cost status across trading venues tracked by Coinglass.
Among the major exchanges listed in the data, Binance’s rate is -0%, OKX’s rate is 0.0011%, Bybit’s rate is -0.002%, and Gate’s rate is -0.0008%. Based on the disclosed numbers, OKX is showing a positive funding rate, while Bybit and Gate are showing negative rates. Binance is displayed at -0%.
Funding rates are periodic payments exchanged between long and short positions in perpetual futures markets. Rates can differ across exchanges because each venue operates its own contract order book and funding mechanism. The reported data covers only the current ETH network-wide 8-hour average and the corresponding rates for Binance, OKX, Bybit, and Gate as shown by Coinglass.