Current mainstream CEX and DEX funding rates indicate the market is slightly returning to neutrality after a rebound.

BlockBeats News, October 24, according to data from Coinglass, the current funding rates on major CEX and DEX platforms show that after the market's rebound over the past two days, funding rates for multiple asset trading pairs have further returned to neutral, with the overall sentiment still leaning bearish. The specific funding rates are shown in the figure 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, usually 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 yield of holding contracts for traders, so that the contract price remains close to the price of the underlying asset.

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.