According to CoinWorld news on August 23, data from Coinglass shows that although Ethereum set a new all-time high this morning, the current funding rates for ETH contracts on mainstream CEXs remain generally neutral, as detailed in the accompanying data. Note: Funding rates are the fees set by cryptocurrency trading platforms to maintain a 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, and trading platforms do not charge this fee; it is used to adjust the cost or returns of the contracts held by traders to keep the contract prices close to the prices of the underlying assets. A funding rate of 0.01% indicates the baseline 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.

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