ChainCatcher reported that, according to data from Coinglass, ETH’s current network-wide average funding rate over an 8-hour interval is 0.0027%. Among the major exchanges listed in the same data set, Binance shows a funding rate of 0.0033%, OKX shows 0.0031%, Bybit shows 0.0031%, and Gate shows 0.0045%. All of these figures refer to the 8-hour funding-rate metric.
Funding rates are a common settlement mechanism in the cryptocurrency perpetual contract market, used for periodic fee adjustments between long and short positions. Based on the figures cited, Gate’s 0.0045% is higher than the rates shown for Binance, OKX and Bybit. OKX and Bybit both stand at 0.0031%, making them equal among the exchanges named, while Binance’s 0.0033% sits between Gate’s rate and the 0.0031% level reported for OKX and Bybit.
The data cited by ChainCatcher from Coinglass covers both the network-wide average and the exchange-level rates for Binance, OKX, Bybit and Gate. This update provides a current snapshot of ETH contract funding rates; the news item does not include ETH price data, trading volume figures, or longer-term changes in the funding-rate trend.