ChainCatcher reported, citing data from Coinglass, that the current 8-hour average funding rate for ETH across the network is 0.0032%. Funding rates are used in perpetual futures markets to measure the cost exchanged between long and short positions, and the figures can vary across exchanges depending on their contract markets and positioning.
Among the major exchanges listed in the Coinglass data, Binance currently shows an ETH 8-hour funding rate of 0.0066%, while OKX stands at 0.0016%. Bybit reports a rate of 0.0076%, and Gate reports 0.0056%. All of the listed readings are positive under the same 8-hour funding-rate framework.
Within this data set, Bybit has the highest reported ETH funding rate at 0.0076%, while OKX has the lowest at 0.0016%. Binance, at 0.0066%, and Gate, at 0.0056%, are both above the reported network-wide 8-hour average of 0.0032% for ETH.