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大仁JaronK
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On August 1, according to Coinglass data, as Bitcoin’s volatility weakened, the funding rates of major CEXs and DEXs currently show a weakening bearish sentiment in the market. The specific funding rates are shown in the attached image.
Funding rate is a fee set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset, typically used for perpetual futures contracts. It is a mechanism for exchanging funds between long and short traders. The trading platform does not collect this fee; instead, it is used to adjust the cost or profit of traders’ positions so that the contract price stays close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it generally indicates a bullish market. When the funding rate is less than 0.005%, it generally indicates a bearish market.
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Funding rate is a fee set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset, typically used for perpetual futures contracts. It is a mechanism for exchanging funds between long and short traders. The trading platform does not collect this fee; instead, it is used to adjust the cost or profit of traders’ positions so that the contract price stays close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it generally indicates a bullish market. When the funding rate is less than 0.005%, it generally indicates a bearish market.
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