ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate stands at 0.0006%. Funding rates are used in perpetual futures markets as a periodic fee mechanism between long and short positions. The figure cited in the report refers to the average 8-hour funding rate across the network.
Funding Rates Across Major Exchanges
Among the major exchanges listed in the Coinglass data, Binance currently shows an ETH funding rate of -0.0007%, while OKX reports 0.0013%. Bybit’s ETH funding rate is -0.0012%, and Gate’s rate is 0.0026%.
Based on the reported figures, Gate has the highest funding rate among the listed platforms at 0.0026%, followed by OKX at 0.0013%. Binance and Bybit are both showing negative rates, at -0.0007% and -0.0012%, respectively. All figures were sourced from Coinglass and reported by ChainCatcher.