ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate is 0.0004%. The figure refers to the average funding rate level for ETH perpetual contracts during the current eight-hour measurement period.
Rates Differ Across Major Exchanges
Among major exchanges, Binance currently shows an ETH funding rate of 0.0008%, while Bybit records a rate of 0.0085%. Both figures are positive. In contrast, OKX reports a funding rate of -0.0075%, and Gate shows a rate of -0.0059%, placing both exchanges in negative territory for the same metric.
Funding rates are commonly used in perpetual futures markets to help align contract prices with spot prices. Based on the disclosed data, ETH’s overall average rate is 0.0004%, while individual exchange readings range from -0.0075% to 0.0085% across the listed platforms.