#binancenews

According to data from Coinglass reveals that the current funding rates on major centralized and decentralized exchanges (CEX and DEX) suggest a neutral market sentiment. Most trading pairs maintain neutral rates, with a few showing a slight bearish tendency.Funding rates are fees set by cryptocurrency trading platforms to balance the contract price with the underlying asset price, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform charging this fee, to adjust the cost or profit of holding contracts, ensuring the contract price remains close to the asset price.A funding rate of 0.01% indicates a baseline rate. When the rate exceeds 0.01%, it suggests a bullish market sentiment, while a rate below 0.005% indicates a bearish outlook.