ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate is -0.0005%. The figure reflects the average funding-rate level for ETH perpetual contracts over an 8-hour funding cycle across the broader market.
Exchange-level ETH funding rates
Among the major exchanges listed in the data, Binance’s ETH funding rate is -0.0021%, OKX’s rate is 0.0002%, Bybit’s rate is -0.0038%, and Gate’s rate is 0.0004%. Based on the disclosed figures, Binance and Bybit are showing negative ETH funding rates, while OKX and Gate are showing positive ETH funding rates.
Funding rates are a common metric in perpetual futures markets, showing the fee exchange level between long and short positions during a specific funding interval. The Coinglass data cited in the report includes both the overall ETH average and the corresponding rates for Binance, OKX, Bybit, and Gate.