ChainCatcher reported, citing Coinglass data, that ETH’s current 8-hour average funding rate across the network stands at 0.001%. The figure refers to the average funding rate measured over an 8-hour period across the broader market and is commonly used to track the funding-cost level in perpetual futures markets.
Among the major exchanges listed in the data, Binance reported an ETH funding rate of 0.0026%, OKX reported -0.0008%, Bybit reported 0.0002%, and Gate reported 0.0009%. Based on the figures provided, OKX showed a negative rate, while Binance, Bybit, and Gate all showed positive rates.
When a funding rate is positive, long positions generally pay funding fees to short positions. When it is negative, short positions generally pay funding fees to long positions. The disclosed figures cover only the ETH funding-rate data for the listed platforms and the overall 8-hour average referenced by Coinglass.