BlockBeats News, August 4th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show a divergence in market direction, with bearish and neutral sentiments coexisting. The specific funding rates of mainstream cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders; the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts 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 a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.