Cryptocurrency Funding Rates Show Signs of Recovery

According to BlockBeats, the funding rates on major centralized and decentralized exchanges are showing signs of recovery, indicating a return to rationality in the market. Funding rates are a mechanism used by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism involves 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 that contract prices remain close to the underlying asset prices. A funding rate of 0 source: https://www.binance.com/en/square/post/23208465801665?utm_source=BinanceNewsRSS