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 the fee exchange between long and short positions over a given settlement period. The figure reported here refers specifically to the network-wide 8-hour average funding rate for ETH.
Among the major exchanges listed in the Coinglass data, Binance shows an ETH funding rate of 0.0066%, OKX shows 0.0016%, Bybit shows 0.0076%, and Gate shows 0.0056%. Within this set of exchange readings, Bybit records the highest rate, followed by Binance and Gate, while OKX has the lowest rate among the four platforms named.
The figures above come from Coinglass and correspond to the snapshot disclosed by ChainCatcher. Funding rates are real-time derivatives market indicators, and values can differ across exchanges because each platform uses its own market conditions, position structure, and settlement framework. When reviewing such data, traders typically compare both the exchange-specific rate and the timestamp of the update.