Mainstream cryptocurrencies CEX、DEX Funding rates are in the neutral range, with some platforms bearish
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AT A GLANCE
BTC、ETH Funding rates are overall in the neutral range, with some platforms bearish, and ETH contract sentiment is slightly stronger than BTC。
Article
Mainstream cryptocurrencies currently CEX、DEX Funding rates indicate the market is neutral to slightly bearish
BlockBeats reported that,October 18, according to HTX market data, Bitcoin is currently quoted at 81,758.98 USD，24-hour increase of 0.22%; Ethereum is currently quoted at 2,416.25 USD，24-hour decline of 0.69%.
According to CoinGlass data,BTC open-interest-weighted and volume-weighted funding rates are 0.0055%and 0.0053%；ETH weighted rates are 0.0057%and 0.0057%, respectively, both within the neutral range. Some trading platforms are in the bearish range, and ETH contract market sentiment is slightly stronger than BTC.
BlockBeats note: CoinGlass standardizes funding rates across platforms to a 8-hour basis. Funding rates are a mechanism for exchanging payments between longs and shorts, designed to keep perpetual contract prices close to spot prices; 0.01%is the benchmark rate, above 0.01%indicates a bullish market, and below 0.005%indicates a bearish market.
Original link https://m.theblockbeats.info/flash/372409
Key points
01
BlockBeats stated that,October 18 according to HTX market data, Bitcoin is currently quoted at 81,758.98 USD，24-hour increase of 0.22%。
02
Ethereum is currently quoted at 2,416.25 USD，24-hour decline of 0.69%。
03
According to CoinGlass data,BTC open-interest-weighted and volume-weighted funding rates are 0.0055%and 0.0053%。
04
ETH The open-interest-weighted and volume-weighted funding rates are both 0.0057%。
05
The report classifies the aforementioned funding rates for BTC and ETH as within the neutral range, stating that some trading platforms are in the bearish range.
06
The report states that ETH contract market sentiment is slightly stronger than BTC。
07
CoinGlass standardizes funding rates across platforms to a 8-hour basis.
08
The assessment criteria given in the report are: 0.01%is the benchmark rate; above 0.01%indicates a bullish market, and below 0.005%indicates a bearish market.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Funding rates are a payment exchange mechanism between longs and shorts in perpetual contracts, used to keep contract prices close to spot prices. Under the criteria in the article, the weighted rates of BTC and ETH are above the bearish threshold of 0.005%, but below the bullish benchmark of 0.01%, and are therefore described as neutral; data for some platforms fall within the bearish range.
Why it matters to readers
Funding rates can be used to observe long-short bias in the perpetual contract market. Current data do not show that BTC or ETH is clearly bullish overall, but some platforms are bearish, indicating that market sentiment is not fully consistent across platforms.
Beginners may treat funding rates as one indicator of contract sentiment and should not determine price direction based solely on a single funding-rate reading; they should also note that the data use a standardized 8-hour basis.
Risks and unknowns
The evidence provides data only for a single point in time and cannot confirm whether this neutral-to-bearish condition persists.
The article does not specify which trading platforms are in the bearish range or provide the specific rates for each platform.
The evidence does not provide a link to CoinGlass's underlying data, so the figures cannot be independently verified from the material.
The evidence only states “October 18” and does not specify the year.
Funding rates are a derivatives sentiment indicator; the evidence does not state whether they will lead to subsequent price changes.
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Related concepts
CEX
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
