According to Coinglass data from October 25th, funding rates on major CEXs and DEXs indicate that, after the recent market rebound, funding rates for multiple asset pairs have returned to neutral. While the overall market outlook remains bearish, some trading pairs on some exchanges have begun to see positive funding rates. The specific funding rates are shown in the chart below. Note from Coinglass: Funding rates are fees set by cryptocurrency exchanges to maintain a balance between the contract price 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. Exchanges do not charge this fee, but rather adjust the cost or benefit of holding contracts to keep the contract price close to the underlying asset price. 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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