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Mainstream CEX and DEX Funding Rates Indicate Market Returning to Neutral Trend
Summary: According to Coinglass data, mainstream CEX and DEX funding rates indicate the market returning to a neutral trend. Specific funding rates for mainstream coins are shown in the attached image. Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically used for perpetual contracts. ...
According to Coinglass data, mainstream CEX and DEX funding rates indicate the market returning to a neutral trend. Specific funding rates for mainstream coins are shown in the attached image.
Note: Funding rates are fees 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 trading 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 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.
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Link: Mainstream CEX and DEX Funding Rates Indicate Market Returning to Neutral Trend [Copy]
