According to BlockBeats, on August 3rd, according to Coinglass data, current funding rates on major CEXs and DEXs indicate a generally bearish market trend. Specific funding rates for major cryptocurrencies are shown in the attached figure. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the price of the underlying asset. They typically apply to perpetual swaps. Funding rates are a mechanism for exchanging funds between long and short traders. Trading platforms do not charge this fee, but rather adjust the cost or benefit of holding contracts to keep the contract price close to the price of the underlying asset. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market outlook. A funding rate less than 0.005% indicates a generally bearish market outlook.