Current Neutral Market Sentiment Reflected in Funding Rates

According to BlockBeats, data from Coinglass indicates that the funding rates of major centralized and decentralized exchanges are currently showing a neutral market sentiment. Funding rates are a mechanism used by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This rate facilitates the exchange of funds between long and short traders, without the platform charging a fee, to adjust the cost or profit of holding contracts, ensuring contract prices remain close to asset prices. A funding rate of 0 source: https://www.binance.com/en/square/post/26890558526178?utm_source=BinanceNewsRSS