ChainCatcher reported that, according to data from Coinglass, ETH’s current network-wide average 8-hour funding rate stands at 0.003%. The figure refers to the average funding rate level for ETH perpetual contracts over an 8-hour period and is commonly used to compare contract funding costs across trading platforms.
Among the major exchanges listed in the data, Binance shows an ETH 8-hour funding rate of 0.0036%, OKX is at 0.0003%, Bybit is at 0.0015%, and Gate is at 0.0054%. Based on the figures provided, Gate records the highest rate among the named exchanges, while OKX records the lowest.
Funding rates are used in perpetual contract markets for periodic fee settlement between long and short positions. Rates may differ from one exchange to another because each platform has its own contract market conditions. The data cited in this report comes from Coinglass and was published by ChainCatcher.