According to Coinglass data on August 30th, funding rates for major CEXs and DEXs show continued market divergence, with both bearish and neutral sentiment coexisting. Specific funding rates for major cryptocurrencies are shown in the accompanying figure.
BlockBeats Note: Funding rates are fees set by cryptocurrency exchanges to maintain a balance between the contract price and the price of the underlying asset. They typically apply to perpetual contracts. Funding rates are a mechanism for exchanging funds between long and short traders. Exchanges do not charge this fee, but rather adjust the cost or benefit of holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the base rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
