ChainCatcher reported that, according to Coinglass data, ETH’s current network-wide 8-hour average funding rate is 0.0032%. Funding rates are a common metric in perpetual futures markets, showing the fee exchange between long and short positions during a given settlement period. The figure cited in the report refers to the network-wide 8-hour average for ETH-related contracts.
Funding rates across major exchanges
Among the major exchanges listed in the data, Bybit posted an ETH 8-hour funding rate of 0.0076%, while Binance recorded 0.0066%, Gate recorded 0.0056%, and OKX recorded 0.0016%. Based on the disclosed figures, Bybit had the highest rate among the four platforms, followed by Binance and Gate, while OKX had the lowest rate in this group.
All figures above are from Coinglass. Funding rates can differ across exchanges due to each platform’s contract market conditions, position structure, and settlement rules. In this update, ETH’s network-wide 8-hour average funding rate stood at 0.0032%, and the listed major exchange rates were all positive.