According to Coinglass data from October 27th, current funding rates on major CEXs and DEXs indicate that after a two-day rebound, market participants have become increasingly bearish on altcoins, while Bitcoin funding rates have returned to neutral. The specific funding rates are shown in the chart below. Note from CoinGlass: Funding rates are fees set by cryptocurrency trading platforms 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. 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 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.


