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The market disparity is clear in the current funding rates,
🔴According to mansooralrhyb, recent data from Coinglass indicates a disparity in market sentiment, with positive and neutral positions across major centralized and decentralized exchanges. The funding rates for major cryptocurrencies reflect this trend.,
Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, and are typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform imposing fees, to adjust the cost or profit of holding contracts, ensuring contract prices remain close to asset prices.,
A funding rate of 0.01% indicates a baseline rate. Rates above 0.01% indicate a generally positive sentiment in the market, while rates below 0.005% indicate a negative outlook.
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