#CEX
According to Coinglass data, the current funding rates of CEX and traditional DEX show a divergent market trend, with both bearish and neutral sentiments. The funding rates specific to traditional cryptocurrencies are presented in the attached image.
Note from BlockBeats: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders, and the trading platform does not charge these fees. It serves to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
A funding rate of 0.01% represents the benchmark rate. A rate above 0.01% indicates an overall bullish market. A rate below 0.005% indicates an overall bearish market.
