According to ChainCatcher, Coinglass data shows that the current mainstream CEX and DEX funding rates indicate a divided market, with bearish and neutral sentiments coexisting. The specific funding rates for mainstream cryptocurrencies are shown in the attached image.
It is understood that funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a funding exchange mechanism between long and short traders, where the trading platform does not charge this fee. It is used to adjust the cost cost or revenue of traders holding contracts, ensuring that the contract price remains close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it represents that the market is generally bearish.
