Current mainstream CEX and DEX funding rates show BTC is neutral, while ETH is bearish

BlockBeats News, August 28th, according to HTX market data, Bitcoin is currently trading at $79,564.25, with a 24-hour increase of 1.24%; Ethereum is currently trading at $2,482.63, with a 24-hour decrease of 0.07%.

According to CoinGlass data, the BTC open interest and trading volume-weighted funding rates are 0.0070% and 0.0057% respectively, both in the neutral range; ETH's two weighted funding rates are 0.0027% and 0.0039% respectively, both in the bearish range, indicating that the contract market sentiment is significantly weaker than BTC.

BlockBeats Note: Funding rates are a mechanism for fund transfers between long and short traders to keep the perpetual contract price close to the underlying asset price. For the purposes of this article, 0.01% is the baseline rate, above 0.01% is considered bullish, below 0.005% is considered bearish; funding rates do not individually indicate price trends.