ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate stands at 0.0022%. Funding rates are commonly used in perpetual futures markets to represent the payment level between long and short positions, and they also show how rates differ across trading platforms.
Among the major exchanges listed in the data, Binance’s ETH 8-hour funding rate is 0.0029%, OKX’s rate is 0.0031%, Bybit’s rate is 0.0081%, and Gate’s rate is 0.0007%. Based on the figures provided, Bybit has the highest rate among the named exchanges, while Gate has the lowest rate compared with Binance, OKX, and Bybit.
The data comes from Coinglass and covers ETH’s network-wide 8-hour average funding rate as well as the corresponding rates on Binance, OKX, Bybit, and Gate. These figures reflect the funding-rate snapshot disclosed at the current point in time.