BlockBeats news, on August 25, according to Coinglass data, the funding rates for mainstream CEX and DEX show that the market has slightly tilted towards bearish, as shown in the figure below.
BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between 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, and the trading platform does not charge this fee. It is used to adjust the cost or returns of traders holding contracts to keep 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 signifies that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
