[Current Funding Rates on Major CEXs and DEXs Show a Diverging Market, with Both Bullish and Neutral Trends] Golden Finance reports that, according to Coinglass data, current funding rates on major CEXs and DEXs show a diverging market, with both bullish and neutral trends coexisting. Specific funding rates for major cryptocurrencies are shown in the accompanying figure. Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the price of the underlying asset, and are typically applied to perpetual contracts. Funding rates are a mechanism for exchanging funds between long and short traders, and are not charged by trading platforms. They are used to 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.
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