Current mainstream CEX and DEX funding rates show BTC in neutral territory, while ETH is leaning towards long positions

BlockBeats News, August 30, according to HTX market data, as of 13:30 Beijing time, Bitcoin is currently trading at $78,116.87, with a 24-hour gain of 0.65%; Ethereum is currently trading at $2,453.60, with a 24-hour gain of 0.59%.

According to CoinGlass data, the BTC funding rate and trading volume-weighted funding rate are 0.0069% and 0.0064% respectively, both in the neutral range; the ETH funding rate is 0.0075%, in the neutral range, and the trading volume-weighted rate is 0.0102%, slightly above the base rate, indicating a bullish bias in the weighted index.

BlockBeats Note: Funding rates are a mechanism for fund exchanges between long and short traders to keep the perpetual contract price close to the underlying asset price. In the context of this article, 0.01% is the base rate, above 0.01% is considered bullish, and below 0.005% is considered bearish; the funding rate does not independently predict price trends.