According to ChainCatcher, data from Coinglass shows that ETH’s current average 8-hour funding rate across the network is 0.0009%. The figure refers to the network-wide average funding rate over an 8-hour period and is commonly used to track funding fee changes between long and short positions in the perpetual futures market.
Funding Rates Across Major Exchanges
Among the major exchanges currently listed, Binance reports an ETH funding rate of 0.0026%, OKX reports 0.0039%, Bybit reports -0.001%, and Gate reports 0.002%. Based on the disclosed figures, OKX has the highest rate among these exchanges, while Bybit is the only platform in the list showing a negative value.
Funding rates are a standard metric in perpetual contract markets. A positive rate generally means long positions pay funding fees to short positions, while a negative rate means short positions pay funding fees to long positions. The data cited here only reflects the current ETH funding-rate levels recorded by Coinglass.