BlockBeats News, April 1st, according to Coinglass data, as Bitcoin rebounded this morning to reach $68,000, mainstream CEX and DEX funding rates showed a slight easing of market bearish sentiment, with rates returning to neutral. Specific funding rates are shown in the attached image.
BlockBeats Note: The funding rate is a rate set by a cryptocurrency exchange to maintain balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the exchange 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 represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.
