ChainCatcher reported, citing Coinglass data, that ETH’s current network-wide 8-hour average funding rate is 0.0009%. Funding rates are a common metric in perpetual futures markets, reflecting the periodic fee exchange between long and short positions over a defined settlement interval. The figure cited in this update refers to the 8-hour average across the ETH market.
Different Rates Across Major Exchanges
Among the major exchanges listed in the data, Binance shows an ETH funding rate of 0.0069%, while OKX shows -0.0042%. Bybit’s ETH funding rate is 0%, and Gate’s rate is -0.0025%. The figures show that ETH funding rates differ across platforms at the time of reporting, with positive, negative, and zero readings appearing among the exchanges named.
The data source for this update is Coinglass, covering both the network-wide ETH average and the exchange-specific rates for Binance, OKX, Bybit, and Gate. All quoted figures refer to the current 8-hour funding rate. Traders who monitor perpetual contract costs often compare this type of rate with their own position direction and the rules of the trading platform they use.