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The funding rate of mainstream trading platforms shows market neutrality. Analyzing the impact of the rate on market trends.
According to data from the data platform, the current funding rates on mainstream trading platforms indicate that the market is still in a neutral state. The specific funding rates for mainstream tokens are shown in the attached image.
Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not collect this fee, which is used to adjust the cost or profit of the traders holding the contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.