ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate stands at 0.002%. The figure refers to the average funding rate across the ETH market over an 8-hour interval, providing a snapshot of the current funding-rate level in ETH perpetual contract trading.
Funding rates across major exchanges
Among the major exchanges listed in the data, Binance shows an ETH funding rate of -0.0019%. OKX reports an ETH funding rate of 0.0032%, while Bybit is at 0%. Gate records a funding rate of 0.0063%. The figures differ across platforms, showing that ETH funding-rate readings are not uniform among the referenced exchanges at this point in time.
Funding rates are commonly used in perpetual futures markets and are calculated by trading platforms at fixed intervals, with payments settled between long and short positions. In this data set, the network-wide 8-hour average for ETH is 0.002%, while Binance, OKX, Bybit and Gate respectively show a negative rate, a positive rate, a zero rate and a higher positive rate.