On November 18th, according to Coinglass data, current funding rates on major CEXs and DEXs show that after the recent sharp one-sided decline in the crypto market, although it hit a new low this morning, the overall bearish sentiment among participants has weakened (on November 12th, almost all rates were negative), and funding rates for more asset trading pairs have returned to neutral.
BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee, but uses it to adjust the cost or profit of traders 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. A funding rate less than 0.005% indicates a generally bearish market. #RWAHotspot $ETH