ChainCatcher reported that, according to Coinglass data, ETH’s current network-wide 8-hour average funding rate stands at 0.0009%. Funding rates are used in perpetual futures markets to reflect the fee exchange between long and short positions, and the figures can differ across exchanges based on each platform’s contract market conditions.
Funding Rates Across Major Exchanges
Among the major exchanges currently listed in the data, Binance shows an ETH 8-hour funding rate of -0%, while OKX records 0.0011%. Bybit’s rate is -0.002%, and Gate’s rate is -0.0008%. These Coinglass figures show that the same asset can carry different funding rate levels across trading venues.
Based on the disclosed data, ETH’s network-wide average funding rate remains positive, while exchange-level readings include both positive and negative values. OKX reports a positive rate of 0.0011%, while Bybit and Gate report negative rates of -0.002% and -0.0008%, respectively. Binance is listed at -0%.