BlockBeats News, on August 23, according to Coinglass data, although Ethereum reached an all-time high this morning, the current funding rates for ETH contracts on mainstream CEXs generally remain neutral, as shown in the data.
BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee; it 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 indicates the baseline rate. When the funding rate is greater than 0.01%, it signifies a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
