Current mainstream CEX and DEX funding rates indicate the market has returned to a neutral range.

BlockBeats news, September 22, according to Coinglass data, as Bitcoin strongly broke through $86,000 and then maintained a choppy range, current funding rates on mainstream CEXs and DEXs show the market has returned to a neutral zone, with specific funding rates as shown in the attached image.

BlockBeats note: Funding rate is a rate set by cryptocurrency trading platforms to maintain a balance between contract prices and the underlying asset price, typically applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders; the trading platform does not charge this fee, and it is used to adjust the cost or profit of traders holding contracts so that contract prices remain 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 the market is generally bullish. When the funding rate is less than 0.005%, it indicates the market is generally bearish.