Funding rates for ETH perpetuals are positive on both major exchanges, meaning shorts are paying—but the cost on OKX is already nearly three times Binance’s. Be cautious about chasing shorts in the short term: the longer you hold, the more funding fees can eat into your profits.
Binance’s latest funding rate is 0.001019%, equivalent to an annualized rate of about 11.0%; OKX’s is 0.002744%, or about 30.1% annualized. This doesn’t mean ETH is necessarily about to rise; it only indicates that short positions are currently incurring ongoing holding costs.
Funding rates are positive on both exchanges, pointing in the same direction but with different levels of crowding: shorting costs more on OKX, while Binance is relatively moderate. Would you wait for funding rates to come down, or keep shorting?
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View in real time: https://www.coinboss.com/funding-rate