BlockBeats News, March 13th, according to Coinglass data, the cryptocurrency market saw a rebound this morning, with Bitcoin rising to touch $72,000 and Ethereum rising to touch $2,148. The current mainstream CEX and DEX funding rates indicate easing bearish sentiment, with various trading pairs’ funding rates returning to a neutral state after previously being negative. The funding rates of specific mainstream coins are as shown in the attached image.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a fund exchange mechanism 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 price.
When the Funding Rate is 0.01%, it represents the base rate. When the Funding Rate is above 0.01%, it indicates a generally bullish market sentiment. When the Funding Rate is below 0.005%, it indicates a generally bearish market sentiment.
