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