Coinglass: ETH 8-Hour Average Funding Rate Across the Network Stands at 0.002%

According to ChainCatcher, citing data from Coinglass, ETH’s current network-wide average 8-hour funding rate is 0.002%. The figure refers to the average funding rate level for ETH over an 8-hour period across the market, a metric commonly used in perpetual futures trading to track funding costs.

Funding Rates Across Major Exchanges

Among the major exchanges listed in the data, Binance’s ETH funding rate is -0.0006%, making it the only negative rate in the group. OKX reports a rate of 0.0004%, Bybit reports 0.0009%, and Gate reports 0.0032%.

Based on the disclosed figures, Gate has the highest ETH funding rate among the listed platforms, while Binance is below zero. OKX and Bybit both show positive readings. The data was sourced from Coinglass and reported by ChainCatcher.