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Current mainstream CEX and DEX funding rates indicate market is generally bullish
Summary: According to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market is generally bullish, with BTC and ETH mostly at neutral rates, while altcoins are predominantly bullish. Specific funding rates for mainstream coins are shown in the attached image. Note: Funding rates are rates set by cryptocurrency trading platforms to ...
According to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market is generally bullish, with BTC and ETH mostly at neutral rates, while altcoins are predominantly bullish. Specific funding rates for mainstream coins are shown in the attached image.
Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically used for perpetual contracts. It is a mechanism for fund exchange between long and short traders, with the platform not charging this fee, used to adjust the cost or profit of traders holding contracts to keep contract prices close to underlying asset prices.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
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