ETH funding rate differentiation: Who is chasing rising prices and who is bearish?

2025-12-23 00:08:10

According to on-chain data statistics, the current average funding rate of Ethereum across the network for 8 hours is 0.0026%. However, there are significant differences in rates among major exchanges: one leading exchange is as high as 0.0038%, another mainstream platform reports 0.0031%, while a certain derivation platform has a reverse rate of -0.0069%—a negative rate indicates that short positions are paying, reflecting a strong market sentiment for shorting. This differentiation reflects the comparison of long and short forces across different platforms and is also an important signal for tracking the movements of large investors.

ETH0.48%

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GateUser-1a2ed0b9

· 16h ago

Shorts are starting to pay fees, what kind of signal is this... The negative fee rate on a certain derivatives platform is quite interesting, it's like they're running to hedge bets. It seems that big players are acting independently, and the market is really divided.

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GasGoblin

· 12-23 17:04

The rates are so differentiated, it feels like Large Investors are playing a psychological game.

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SignatureAnxiety

· 12-23 07:27

The differentiation in rates is so obvious; it seems that Large Investors are not unified. Some are still buying the dip while others have already done a Rug Pull.

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DegenMcsleepless

· 12-23 00:38

Short positions paying? Then why is it still falling? Are large investors just acting?

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FreeRider

· 12-23 00:37

The rate differentiation is so large, the short positions are really dumping crazily, haha.

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SocialAnxietyStaker

· 12-23 00:36

The negative rate is so high, the short positions are really holding back a big move... Some platforms' long positions are still comfortably lying back and collecting money, haha.

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MEVHunterBearish