ChainCatcher reported, citing Coinglass data, that ETH’s current 8-hour average funding rate across the market stands at 0.001%. The figure refers to the average funding rate level for ETH perpetual contracts over an 8-hour cycle, with the overall market-wide reading remaining very close to zero.
Among the listed major exchanges, Binance’s ETH funding rate is 0.0026%, while Bybit’s rate is 0.005%. Both readings are positive. OKX is reporting an ETH funding rate of -0.0029%, and Gate is reporting -0.003%, placing both exchanges in negative territory for the same 8-hour funding rate metric.
Based on the disclosed figures, ETH funding rates across different exchanges are split between positive and negative readings. The Coinglass market-wide average is 0.001%, slightly above zero. Among the positive readings listed, Bybit has the highest rate, while among the negative readings, Gate’s rate is slightly lower than OKX’s.