BlockBeats news, on June 21, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is still in a bearish trend. The specific funding rates of mainstream cryptocurrencies are shown in the attached image.
BlockBeats note: Funding rates are set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts, so that contract prices remain close to the prices of the underlying assets.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a general bullish sentiment in the market. When the funding rate is less than 0.005%, it represents a general bearish sentiment in the market.
