Current mainstream CEX and DEX funding rates indicate the market remains neutral

BlockBeats News, October 5, according to Coinglass data, after several days of strong rebound in the crypto market, Bitcoin is set to challenge its historical high. Currently, funding rates on major CEX and DEX platforms indicate that the market remains neutral and has not entered an overheated phase. The specific funding rates are shown in the chart below.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.