Current mainstream CEX and DEX funding rates show that market bullish sentiment has not yet entered an overheating zone.

BlockBeats news, on August 14, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that the market bullish sentiment has not yet entered an overheating zone, with the funding rate for mainstream crypto asset contracts on CEX only maintaining a neutral base rate (0.01%).

BlockBeats note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, 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 adjusts the cost or profit for traders holding contracts to keep the contract prices close to the underlying asset prices.

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 represents a generally bearish market.