Ethereum funding rate differentiation: A comparative analysis of funding rates across three major platforms.

2025-12-22 00:08:12

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[Bit推] Ethereum funding rate has shown an interesting change. According to the latest data from Coinglass, the current average funding rate for ETH across the network over 8 hours stands at -0.001%, reflecting the subtle sentiment in the market.

The performance on mainstream trading platforms varies: a leading exchange has a rate of -0.0023%, while a prominent platform reaches -0.0036%, both in the negative range. Interestingly, a certain exchange is contrary to the trend with a positive rate of 0.0004%.

A negative funding rate typically indicates that bearish sentiment is prevailing, and bulls need to pay fees to maintain their positions. The rate differences reflect the funding game dynamics across different platforms—these subtle distinctions between platforms are often where savvy traders look for arbitrage opportunities.

ETH0.11%

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ChainWallflower

· 4h ago

Negative fee rates are so obvious, it seems everyone is fleeing... No, I mean more people are bearish. The worst thing during times like this is those smart people exploiting different platforms, while retail investors like me can only watch from the sidelines.

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WalletAnxietyPatient

· 12-22 20:15

Is it another opportunity for fee arbitrage? Every time I see this kind of divergence, I get itchy fingers, and end up losing even faster haha.

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JustHereForAirdrops

· 12-22 00:34

It's the same trap again, the negative fee rate is just going around in circles, how many can actually make money?

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staking_gramps

· 12-22 00:30

The idea of differentiated rates is exactly what I've been keeping an eye on lately. With such a low negative rate, short positions are indeed quietly making a profit.

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BridgeNomad

· 12-22 00:27

ngl these funding rate spreads are giving me flashbacks to the wormhole exploit... when liquidity fragments like this across venues, that's where the real attack vectors open up. the 33bps gap between platforms? classic arbitrage honeypot that usually precedes a liquidation cascade. seen this pattern before, never ends well for the overconfident longs.

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IntrovertMetaverse

· 12-22 00:11

The negative fee rate is back, and this time the arbitrage opportunity seems quite good. I need to keep an eye on that exchange that is going against the trend.

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