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

BlockBeats News, March 23rd, according to Coinglass data, after a recent downturn, the current mainstream CEX and DEX funding rates indicate a bearish market overall, but some trading pairs on certain platforms have returned to a neutral position. Specifically, the BTC funding rate has recorded negative values on multiple platforms such as Binance, the bearish trend in the ETH funding rate has eased somewhat, and the funding rates for XRP and BCH have returned to neutral. Please refer to the attached image for specific mainstream cryptocurrency funding rates.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It serves as a mechanism for fund exchange between long and short traders, with the exchange not collecting this fee. It is used to adjust the cost or profit of holding a contract for traders 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 generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.