BlockBeats News, November 10th - According to Coinglass data, current mainstream CEX and DEX funding rates show that after nearly 3 days of recovery in the crypto market, market participants still maintain a bearish stance on altcoins. However, the funding rates for Bitcoin and Ethereum have returned to a neutral range. 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 the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or income for traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
