Current mainstream CEX and DEX funding rates indicate a market returning to a neutral state

BlockBeats News, July 19th, according to Coinglass data, the current mainstream CEX and DEX funding rates show a return to a neutral trend in the market. The specific funding rates for mainstream coins are shown in the image below.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism of fund exchange between long and short traders, and the trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

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.