ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate stands at 0.0032%. Funding rates are commonly used in perpetual futures markets and represent a periodic fee mechanism between long and short positions on trading platforms.
Funding Rates Across Major Exchanges
Among the major exchanges listed in the Coinglass data, Binance shows an ETH 8-hour funding rate of 0.0066%, while OKX records 0.0016%. Bybit’s rate is 0.0076%, and Gate’s rate is 0.0056%.
Based on the four exchange figures provided, Bybit has the highest listed ETH funding rate, while OKX has the lowest. The data covers ETH’s network-wide average and selected major exchange readings for the current 8-hour funding-rate window.
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