The market shows a mixed sentiment with varying funding rates

AI Summary

According to BlockBeats, data from Coinglass indicates that funding rates on major centralized and decentralized exchanges are currently showing a mixed sentiment in the market, with both neutral and bearish expectations. The specific funding rates for major cryptocurrencies are detailed in the attached data.

Funding rates are a mechanism used by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, and are often applied to perpetual contracts. This system facilitates the exchange of funds between traders in long and short positions, without the trading platform charging any fees. It aims to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the prices of underlying assets.

A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it indicates a general sense of confidence in the market. Conversely, when the funding rate drops below 0.005%, it indicates a prevailing bearish sentiment in the market$BTC $ETH $SOL