#ETH走势分析 This data is something! Ethereum funding rate is unusually sluggish, and the gap among the three major platforms has actually doubled?

I just saw the real-time data updated by Coinglass, and I couldn't hold it a bit.

The current funding rate for Ethereum across the network is just 0.0031% over 8 hours—how low is this level? It basically means that contract players hardly need to "pay protection fees" to each other anymore. What’s even more outrageous is coming next: a leading exchange A reports 0.0047%, another exchange B slightly raises it to 0.0051%, while exchange C goes straight to 0.008%. For the same ETH, the rate difference can be almost double, and there are so many tricks behind it.

Let me explain to friends who don’t quite understand: the funding rate is simply the "cost of standing in line" for both longs and shorts in the contract market. When the rate is positive, the bullish longs have to pay the bearish shorts; conversely, a negative rate means the shorts are supporting the longs. The fact that the ETH funding rate is so low essentially reflects a signal—there are currently no strong expectations from either side in the market; everyone is watching, and the sentiment is completely flat.

But the differentiation of the rates among these three platforms is quite interesting. Is it that certain exchanges are adjusting their risk control models? Or is it the user structure that causes an imbalance in the long-short ratio? Or is it simply that some platforms are using their rate advantage to attract users?

What do you think about this wave of low funding rate? Is it a period of accumulation before a surge, or is Ethereum about to enter a sideways consolidation phase? By the way, which platform's rate signals do you usually pay more attention to? Let's chat in the comments!