On August 30, according to Coinglass data, the funding rates of mainstream CEX and DEX show that the market continues to diverge, with bearish and neutral sentiments coexisting. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: Funding rates are fees set by crypto asset trading platforms to maintain a balance between contract prices and the prices of underlying assets, usually applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee, as it is used to adjust the costs or profits of traders holding contracts 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 a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
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The current mainstream CEX and DEX funding rates show a continued divergence in the market, with bearish and neutral sentiments coexisting.
On August 30, according to Coinglass data, the funding rates of mainstream CEX and DEX show that the market continues to diverge, with bearish and neutral sentiments coexisting. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: Funding rates are fees set by crypto asset trading platforms to maintain a balance between contract prices and the prices of underlying assets, usually applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee, as it is used to adjust the costs or profits of traders holding contracts 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 a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.