Current funding rates on major CEXs and DEXs indicate the market has largely returned to neutrality

According to ChainCatcher, Coinglass data shows that the current funding rates on major CEXs and DEXs have largely returned to neutral, with the market no longer exhibiting a clear bullish or bearish bias. The specific funding rates for major cryptocurrencies are shown in the attached chart.

ChainCatcher note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This is a mechanism for capital exchange between long and short traders; the trading platform does not collect this fee. It is used to adjust the cost or yield of holding contracts, keeping contract prices close to those of the underlying assets.

When the funding rate is 0.01%, it represents the benchmark rate. If the funding rate is higher than 0.01%, it indicates a generally bullish market sentiment. If the funding rate is below 0.005%, it indicates a generally bearish market sentiment.