Current funding rates on mainstream CEXs and DEXs indicate a neutral to slightly bearish market sentiment.

BlockBeats news, October 18, according to HTX market data, Bitcoin is currently at $81,758.98, up 0.22% in 24 hours; Ethereum is currently at $2,416.25, down 0.69% in 24 hours.

According to CoinGlass data, BTC open interest weighted and trading volume weighted funding rates are 0.0055% and 0.0053% respectively; ETH's two weighted rates are both 0.0057%, both in the neutral range. Some trading platforms are in the bearish range, and ETH contract market sentiment is slightly stronger than BTC.

BlockBeats note: CoinGlass uniformly converts funding rates across platforms to an 8-hour basis. Funding rate is a long-short fund exchange mechanism set to keep perpetual contract prices close to spot prices; 0.01% is the benchmark rate, above 0.01% indicates a bullish market, below 0.005% indicates a bearish market.