Current mainstream CEX and DEX funding rates indicate the market is slightly returning to neutrality

BlockBeats News, December 17th, according to Coinglass data, currently, mainstream CEX and DEX funding rates show that after a rebound in the market in the past 2 days, the funding rate on the Binance BTC perpetual contract has returned from a negative rate to neutral. The specific funding rates for mainstream coins are shown 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 mechanism for fund exchange 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 greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.