ChainCatcher reported, citing Coinglass data, that ETH’s current average 8-hour funding rate across the network stands at 0.001%. The figure summarizes the average funding-rate level for relevant perpetual contract markets over an 8-hour cycle and serves as a basic data point for tracking funding settlement conditions between long and short positions.
Funding rates differ across major exchanges
Among major exchanges currently listed in the data, Binance shows an ETH 8-hour funding rate of 0.0026%, while Bybit reports 0.005%. OKX records a funding rate of -0.0029%, and Gate records -0.003%. The same asset therefore has both positive and negative funding rates across different trading platforms.
Based on the figures provided, Bybit has the highest listed value among the four exchanges at 0.005%, followed by Binance at 0.0026%. Gate is listed at -0.003%, while OKX is listed at -0.0029%. A positive or negative funding rate corresponds to different payment directions between long and short participants in perpetual contracts during the settlement period. All figures above come from Coinglass and cover ETH’s current network-wide average as well as the specific rates on Binance, OKX, Bybit and Gate.