BlockBeats message, April 5, according to Coinglass data, as Bitcoin continues to range-trade, the current mainstream CEX and DEX funding rates show the market has returned to a broad-based bearish stance; the specific funding rates are shown in the attached image.
BlockBeats Note: Funding rate is the fee set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, and it usually applies to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders. The trading platform does not collect this fee; it is used to adjust the cost or profit for traders holding contracts, so that the contract price stays close to the underlying asset price.
When the funding rate is 0.01%, it indicates the benchmark funding rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
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