The current mainstream CEX and DEX funding rates show that the market is not fully bullish
On July 10, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market only remains neutral and is not fully bullish. The Binance platform BTC contract funding rate has returned to 0.01%(it was less than 0.01% for some time before), and some trading platforms even have negative rates on trading currency pairs (there are many short). Note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, and are usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee and is used to adjust the trader's costs or benefits of holding the contract so that the contract price remains close to the price of the underlying asset. When the funding rate is 0.01%, the benchmark rate is represented. When the capital rate is greater than 0.01%, it means that the market is generally bullish. When the capital rate is less than 0.005%, it means that the market is generally bearish.
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