Cryptocurrency Funding Rates Indicate Market Neutrality

According to BlockBeats, data from Coinglass reveals that the funding rates of major centralized and decentralized exchanges are gradually returning to neutral. This trend is observed across key cryptocurrencies, as indicated by the current funding rates. Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform charging this fee, to adjust the cost or profit of holding contracts, ensuring contract prices remain close to the asset prices source: https://www.binance.com/en/square/post/25644249860546?utm_source=BinanceNewsRSS