ChainCatcher reported that, according to Coinglass data, ETH’s current network-wide average 8-hour funding rate is 0.001%. The figure refers to the funding rate measure used in perpetual futures markets and records the fee exchange level between long and short positions during the stated 8-hour period.
Rates Differ Across Major Exchanges
Among the major exchanges listed in the data, Binance shows an ETH 8-hour funding rate of 0.0026%, OKX shows -0.0029%, Bybit shows 0.005%, and Gate shows -0.003%. Based on the disclosed figures, Bybit has the highest positive rate among the named platforms, while Binance is also positive. OKX and Gate are both negative.
Funding rates are commonly used in perpetual contracts to keep contract prices aligned with spot prices. A positive funding rate means long positions pay short positions, while a negative funding rate means short positions pay long positions. The data above reflects the ETH network-wide and exchange-specific funding rates recorded by Coinglass at the reported time.