Current funding rates on major CEX and DEX indicate the market remains broadly bearish

BlockBeats news, on July 18, according to Coinglass data, as Bitcoin strengthened slightly and remained volatile today, the current funding rates on major CEX and DEX platforms show a broadly bearish market outlook. Detailed funding rates are shown in the attached chart.

BlockBeats note: Funding rate is a fee set by cryptocurrency trading platforms to keep contract prices balanced with the prices of underlying assets, typically applied to perpetual contracts. It is a mechanism for funds exchange between long and short traders. The trading platform does not collect this fee; it is used to adjust the cost or profit of holding contracts and to keep contract prices close to the prices of underlying assets.

When the funding rate is 0.01%, it represents the benchmark 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.