BlockBeats news, on July 18, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is generally bullish, with BTC and ETH mostly at neutral rates, while altcoins are entirely bullish. Specific funding rates for mainstream cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are the fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the costs or profits of traders holding contracts to keep the contract prices close to the prices of the underlying assets.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
