My question is why is the rate higher on one exchange than on another?
When it comes to cryptocurrency exchanges, we know that there are two types of exchanges: centralized and decentralized platforms. Because the mechanics of these two, although different, can provide earnings to traders, in Cex it is the order book, while in Dex it is usually liquidity pools that, when depositing, often put money into crypto pairs.
When it comes to fees, both exchanges benefit from withdrawal fees, deposit fees, and trading fees, whether on centralized or decentralized platforms.