According to BlockBeats, recent data from Coinglass indicates that funding rates on major centralized and decentralized exchanges show a mix of bearish and neutral opinions. The funding rates of major cryptocurrencies are detailed in the attached data.
Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between the prices of contracts and the prices of underlying assets. They are generally applied to perpetual contracts. This mechanism facilitates the exchange of funds between traders with long and short positions, without the platform charging this fee, to adjust the cost or profitability of holding contracts, ensuring that contract prices remain close to the prices of the assets.
A funding rate of 0.01% represents a base rate. When it exceeds 0.01%, it indicates a general bullish sentiment in the market. Conversely, a funding rate below 0.005% suggests a bearish outlook for the market.