ETH Funding Rate Panorama: An Overview of Fee Rate Differences Across Three Major Exchanges

ZkSnarker · 2025-12-20T00:08:10+00:00

The current 8-hour average funding rate for ETH remains at 0%, but there are significant differences in rates across exchanges, with negative funding rates appearing, indicating that short positions are stronger than long positions. Negative funding rates mean that shorts pay longs, effectively subsidizing long positions, which attracts traders to focus on rate differences for arbitrage.

ZkSnarker

2025-12-20 00:08:10

Abstract generation in progress

【BitPush】According to the latest on-chain data, ETH’s average funding rate over the past 8 hours remains at 0%. However, a closer look at major platforms reveals interesting differences—one leading exchange’s rate is at 0.0019%, another exchange has dropped to -0.0039% (indicating shorts are dominant), while a certain platform is stuck at 0.0008%.

Negative funding rates are rare, indicating that the market’s short positions are temporarily outweighing longs. A reverse rate usually means shorts are paying longs. For long traders, taking a long position at this time allows them to earn the reverse funding rate, effectively receiving a subsidy from the platform. Conversely, shorts need to pay extra costs to maintain their positions.

Although the rate differences across exchanges may seem small, for large funds or those frequently engaging in hedging, these small differences can add up and become noticeable. Some traders profit by arbitraging these price disparities.

ETH-2,32%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
6
Repost
Share

Comment

0/400

DataOnlooker

· 2025-12-21 17:28

Negative fee rate? This is the paradise for go long, getting subsidies for free --- Wait, the fee rates between exchanges vary so much? This arbitrage space must be very juicy --- Short positions are Rekt right now, the reverse fee rate really hurts --- It's not like I haven't seen it before, but this time the difference is indeed interesting, need to keep an eye on it --- Platform subsidies for go long? I'm going to leverage up right now --- Although the fee rate difference looks small, big funds playing this arbitrage might really make a fortune --- Is it true, negative 0.0039%? Is the market pattern about to reverse? --- Why are some people still doing shorting? Isn't that irrational now? --- With three platforms' fee rates so fragmented, we need to carefully select the venues --- The reverse fee rate is here, long positions make money while short positions get the leftovers, it's that simple.

View OriginalReply0

GateUser-beba108d

· 2025-12-20 04:43

Negative fee rate? Another opportunity to milk the platform for free When will this wave of shorts bottom out? Feels like a reversal is coming Three exchanges are so close in price, but for a retail investor like me, it doesn't matter much

View OriginalReply0

ChainBrain

· 2025-12-20 00:36

Negative fee rate? Now the shorts are going to bleed haha The real arbitrage opportunity is here, it all depends on who is quicker This price difference looks small, but with large funds, you can still make quite a profit The cost for shorts to maintain positions is rising sharply, the longs are feeling comfortable this time Exchanges have such scattered fee rates, they should have been consolidated a long time ago

View OriginalReply0

BlockchainRetirementHome

· 2025-12-20 00:35

Negative fee rates indicate that the bears are about to cry. At this point, taking long positions is truly a guaranteed profit.

View OriginalReply0

AlgoAlchemist

· 2025-12-20 00:34

Negative fee rates appear, shorts are bleeding heavily, longs are getting free subsidies. Who profits from the bottom this time?

View OriginalReply0

PanicSeller69

· 2025-12-20 00:28

Are the bears so fierce? I was still bottom-fishing a couple of days ago, and now I'm trapped haha Trying to make money with such a small arbitrage space? You'd better wait for more extreme rates Negative fees? Wow, it's another celebration for the bears The platform's spread isn't even enough to cover the fees This round of bears is really fierce, my long positions are about to be liquidated again

View OriginalReply0