According to CoinMeta, based on the early trading data of in, there are significant differences in the funding rates for Unitree / USDT perpetual contracts across major exchanges, with all currently at relatively high negative rates. Among them, Binance and Bybit have funding rates of -2%, HTX at -1.78%, Gate at -1.32%, OKX at -1%, and Bitget at -0.5%. Such high negative funding rates indicate that the short positions in the perpetual contract market are quite crowded, allowing long positions to receive funding fees paid by shorts. Additionally, there is a maximum difference of 1.5 percentage points in funding rates between different platforms, significantly expanding the arbitrage opportunities for cross-platform funding rate trading.