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Current mainstream CEX, DEX funding rates indicate market leaning towards bearish sentiment
Summary: According to Coinglass data, the current mainstream CEX, DEX funding rates indicate that the market is leaning towards bearish sentiment, as shown in the specific funding rates in the chart below. Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically used for perpetual ...
According to Coinglass data, the current mainstream CEX, DEX funding rates indicate that the market is leaning towards bearish sentiment, as shown in the specific funding rates in the chart below.
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 serves as 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 sentiment. When the funding rate is below 0.005%, it indicates a generally bearish market sentiment.
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