BlockBeats news, on July 23, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market remains in a neutral position. The specific funding rates of mainstream cryptocurrencies are shown in the attached image.
BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, typically 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 profit of the contracts held by traders to keep the contract price close to the underlying asset price.
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.