ChainCatcher reported, citing Coinglass data, that ETH’s current 8-hour average funding rate across the network is 0.0023%. The figure reflects the funding-rate level for ETH perpetual contracts across the tracked market over the same 8-hour period.
Among the major exchanges listed in the data, Binance’s ETH 8-hour funding rate is 0.003%, OKX’s rate is 0.0015%, Bybit’s rate is 0.0031%, and Gate’s rate is 0.0058%. Based on these quoted figures, Gate has the highest rate among the four exchanges, while OKX has the lowest.
Funding rates are commonly used in perpetual futures markets to show the funding payment arrangement between long and short positions. The figures in this update are specific to ETH, sourced from Coinglass, and published by ChainCatcher.