According to ChainCatcher, Coinglass data shows that ETH’s current 8-hour average funding rate across the network is -0.0009%. The figure refers to funding-rate statistics in the perpetual contract market and provides a snapshot of the rate status for the same asset across different trading venues.
Binance, OKX, Bybit and Gate All Show Negative ETH Rates
Among the listed major exchanges, Binance reported an ETH 8-hour funding rate of -0.0021%, while OKX reported -0.0053%. Bybit’s rate stood at -0.0016%, and Gate’s rate was -0.0002%. All four exchange figures were in negative territory, with OKX posting the lowest value among the named platforms and Gate showing the figure closest to zero.
Funding rates are commonly used in perpetual contracts to help adjust the relationship between perpetual contract prices and spot prices. In this update, the reported data focuses on ETH’s 8-hour average funding rate across the network and the specific readings from Binance, OKX, Bybit and Gate.