BlockBeats News, October 5th, according to Coinglass data, after a strong rebound in the crypto market in the past few days, Bitcoin is set to challenge its all-time high next. Currently, mainstream CEX and DEX funding rates show that the market is still in a neutral state and has not entered an overheated stage. The specific funding rates are shown in the following diagram.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between contract prices and the underlying asset’s price, usually applicable to perpetual contracts. It is a mechanism for fund exchanges between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset’s price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
