According to ChainCatcher, citing data from Coinglass, ETH’s current 8-hour average funding rate across the market is 0.0019%. The figure refers to the average funding rate level for ETH perpetual contracts over an eight-hour interval and is commonly used to observe the pricing structure of the derivatives market.
Funding rates differ across the major exchanges listed in the data. Binance currently records an ETH funding rate of -0.0011%, OKX stands at 0.0003%, Bybit is at -0.0008%, and Gate is at 0.0051%. Based on the figures provided, Gate shows the highest rate among the exchanges mentioned, while Binance and Bybit are in negative territory and OKX is slightly positive.
Funding rates are used in perpetual contracts to help align contract pricing with spot market pricing. The rate shown by each exchange can vary due to its own order structure, contract price, and funding settlement mechanism. The Coinglass figures cited here focus specifically on the ETH contract market and provide a direct comparison across Binance, OKX, Bybit, and Gate.