#BTC Let me popularize the knowledge about funding rates;
Data shows that the Binance BTC/USD perpetual funding rate is currently 0.03%, and longs need to pay funding fees to shorts, which means that the market is bullish;
The OKX LPT/USDT perpetual funding rate is currently -1.17%, and short sellers need to pay funding fees to long sellers, which means that the market is bearish;
Funding fees are an important mechanism for perpetual contracts to anchor spot prices and are used to balance long and short sentiments. When the funding rate is >0, the long side pays the funding fee to the short position; when the funding rate is <span the short position pays the funding fee to the long position.
