Current mainstream CEX and DEX funding rates show that the market has returned to a neutral stance.

BlockBeats News, on July 19, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market has returned to a neutral stance. Specific funding rates for mainstream cryptocurrencies are shown in the attached image.

BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, usually applicable to perpetual contracts. It is a mechanism for capital exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or revenue of traders holding contracts to keep contract prices close to the prices of 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.