According to ChainCatcher, data from Coinglass shows that ETH’s current 8-hour average funding rate across the network is 0.0006%. The figure refers to the average funding rate level for ETH perpetual contracts over an 8-hour period, a metric commonly used to reflect the periodic fee exchange between long and short positions.
Among the major exchanges listed in the current data, Binance reports an ETH 8-hour funding rate of -0.0007%, OKX reports 0.0013%, Bybit reports -0.0012%, and Gate reports 0.0026%. Based on these figures, Gate and OKX are in positive funding-rate territory, while Binance and Bybit are in negative territory.
Within the exchange data provided by Coinglass, Gate has the highest listed rate at 0.0026%, while Bybit has the lowest listed rate at -0.0012%. The network-wide average of 0.0006% sits between the figures reported by the individual platforms, showing differences in ETH perpetual-contract funding rates across exchanges.