ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide average eight-hour funding rate stands at 0.0009%. The figure refers to funding-rate readings in the perpetual contract market and presents the current average rate for ETH across the network during the eight-hour period.
Among the major exchanges listed in the data, Binance shows a rate of -0%, OKX shows 0.0011%, Bybit shows -0.002%, and Gate shows -0.0008%. Based on the figures provided, OKX is in positive territory, while Bybit and Gate are in negative territory. Binance is displayed as -0% in the Coinglass reading cited by ChainCatcher.
Funding rates are used for periodic settlements between long and short positions in perpetual contracts, and they are not the same as spot price changes. This update only discloses the immediate ETH funding-rate readings and the corresponding figures for the listed exchanges. It does not include additional market data such as price, trading volume, or open interest. When reviewing such figures, traders generally compare the funding rate with the relevant exchange, contract period, and their own position management framework.