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Funding Rates for Bets in Ethereum Perpetual Futures on Binance Are at Their Lowest Level

By WebsCryptoSeptember 14, 20221 Min Read
Funding Rates for Bets in Ethereum Perpetual Futures on Binance Are at Their Lowest Level
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Less than 24 hours after ETH -0.05%-news/">Ethereum‘s technical upgrade Merge was planned, the cost of holding a short position or bearish bet in the Ethereum-related perpetual futures market is soaring.

Funding rates, or costs, for holding bullish/bearish (long/short) bets in ethereum perpetual futures listed on cryptocurrency exchange Binance are at their lowest levels since May 2021.

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Average funding rates on major exchanges, including Binance, fell to record lows, according to data tracked by Coinalyze.

In other words, compensation paid by shorts to longs to maintain positions has soared and hit a 16-month high on Binance, reflecting excessive demand for bets on a potential price drop.

Related News:
  • Binance Announces New Stablecoin Amidst Plans to Discontinue BUSD Support
  • Ethereum Is Approaching the Key Support, and the Long-Short Duel Continues
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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