Bitcoin’s funding rate as of the current date and time (09 September 2024, 02:37 AM Pakistan time):
The funding rate chart shows the market sentiment, indicating whether long positions or short positions are dominating.
- **Highest Funding Rate**: This means that in these pairs, longs are more dominant, so those holding long positions are paying those in short positions. dYdX MATIC/USD has the highest funding rate at 0.1250%, indicating that longs are dominating here.
- **Lowest Funding Rate**: These are the pairs where shorts are dominating, and they are paying those in long positions. Bybit CVC/USDT’s rate is -0.4804%, indicating a significant dominance of shorts.
- **BTC Funding Rate**: Currently, Bitcoin’s funding rate is negative at -0.0067%, showing that short positions are slightly more dominant in the market, and a bearish sentiment is prevailing to some extent.
This funding rate helps gauge the market sentiment and pressure, aiding in trading decisions.
