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The current mainstream CEX and DEX funding rate display still indicates a bearish sentiment towards BTC and ETH in the market.
BlockBeats News, September 3rd, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market still tends to be bearish on BTC and ETH. The specific funding rates are shown in the attached image.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or gain 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 general market bullish sentiment. When the funding rate is less than 0.005%, it indicates a general market bearish sentiment.
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