ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide average eight-hour funding rate stands at 0.0019%. Among the major exchanges included in the update, Binance shows an ETH funding rate of 0.0031%, OKX shows -0.0001%, Bybit shows 0.0055%, and Gate shows 0.0003%.
Within the listed trading venues, Bybit has the highest ETH funding rate at 0.0055%, followed by Binance at 0.0031%, which is above the network-wide eight-hour average. Gate remains slightly positive at 0.0003%, while OKX is the only listed platform with a negative reading at -0.0001%.
Funding rates are a standard metric in perpetual futures markets and are generally settled between long and short positions at fixed intervals. The figures in this update reflect only the current ETH eight-hour funding rate status shown by Coinglass and the corresponding readings for Binance, OKX, Bybit, and Gate.