#OKX Funding Rate Spikes#

Recently, the funding rate on the OKX platform has risen, reflecting a high bullish sentiment in the market. Taking the OKX TRUMP/USDT and ETH/USD perpetual contracts as examples, their funding rates reached 1.02% and 0.03% respectively, both of which are paid by longs to shorts, indicating that the market is optimistic about the future trend of these two cryptocurrencies. The funding rate is an important mechanism for perpetual contracts to anchor spot prices, used to balance bullish and bearish sentiment. When the funding rate is greater than 0, it means that the long position is stronger than the short position, and longs need to pay funding fees to shorts to balance the market. While when the funding rate is less than 0, it means that the short position is stronger than the long position, and shorts need to pay funding fees to longs. Therefore, the rising funding rate on the OKX platform reflects the bullish sentiment towards TRUMP and ETH in the market, and also provides investors with potential arbitrage opportunities. AICoin [PC - Homepage - Hot List] has launched a "Funding Rate" ranking list, which allows you to get a quick overview of arbitrage opportunities.