According to ChainCatcher, Coinglass data shows that ETH’s current 8-hour average funding rate across the network is 0.0001%. The figure refers to the average funding rate level for ETH perpetual contracts over an 8-hour cycle. Funding rates are used in perpetual futures markets as a fee settlement mechanism between long and short positions, and the exact rate can vary by exchange.
Funding rates differ across major exchanges
Among major exchanges, Binance currently records an ETH 8-hour funding rate of 0.0038%, while Gate shows a rate of 0.0047%, with both figures in positive territory. OKX records an ETH 8-hour funding rate of -0.0029%, and Bybit shows -0.0052%, placing both in negative territory. Based on the disclosed figures, Gate’s positive funding rate is higher than Binance’s, while Bybit’s negative rate is larger in magnitude than OKX’s.