BlockBeats News, December 8th, according to Coinglass data, after a recent rebound in the market and an increasing number of "buy the dip" views on social media, the current mainstream CEX and DEX funding rates show a shift from a bearish bias to a neutral stance. The funding rates of major cryptocurrencies have broadly returned to a neutral position, as shown in the specific funding rates of major cryptocurrencies in the attached image.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding 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 baseline rate. When the funding rate is above 0.01%, it indicates a bullish market sentiment. When the funding rate is below 0.005%, it indicates a bearish market sentiment.
