BlockBeats message, April 4, according to Coinglass data, as Bitcoin continues to trade in a range, the current funding rates across major mainstream CEXs and DEXs show that bearish sentiment has somewhat weakened; the specific funding rates are shown in the accompanying image.
BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the price of the underlying asset, and it is typically applied to perpetual futures. It is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee; it is used to adjust the costs or gains 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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