Current mainstream CEX and DEX funding rates show continued market divergence, with bearish and neutral sentiments coexisting.

BlockBeats News, August 30, according to Coinglass data, the current funding rates on major CEX and DEX platforms show continued market divergence, with both bearish and neutral sentiments coexisting. The specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applied to perpetual contracts. It is a capital exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts, so that the contract price remains close to the price of the underlying asset.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.