BlockBeats news, on August 10, according to Coinglass data, the current funding rates of mainstream CEX and DEX show a divergence in market trends, with bullish 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 prices and the prices of the underlying assets, usually 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 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 indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.