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The current mainstream CEX and DEX funding rate displays a divergence in market direction, with both bullish and neutral perspectives coexisting.
BlockBeats News, August 10th, according to Coinglass data, the current mainstream CEX and DEX funding rates show a divergent market trend, with both bullish and neutral sentiments. Specific funding rates for major coins are as shown in the attached image.
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 applied to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge 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 sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.
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