Mainstream CEX、DEX Funding rates are in the neutral to slightly bearish range
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AT A GLANCE
BTC and ETH both fell over the past 24 hours, while funding rates were neutral overall and some platforms entered the bearish range.
Article
Current mainstream CEX、DEX Funding rates show that the market is neutral to slightly bearish
BlockBeats reports that,October 24, according to HTX market data, Bitcoin is currently trading at 80,669.49 USD，24 down over the past hours by 1.31%; Ethereum is currently trading at 2,367.01 USD，24 down over the past hours by 1.52%.
According to CoinGlass data,BTC the open-interest-weighted and volume-weighted funding rates are 0.0081%and 0.0074%；ETH the two weighted rates are 0.0078%and 0.0082%, respectively, both in the neutral range. Some trading platforms are in the bearish range, and ETH’s volume-weighted funding rate is slightly higher than BTC, indicating relatively stable short-term futures sentiment.
BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, and typically apply to perpetual contracts. They are a mechanism for exchanging funds between long and short traders. Trading platforms do not collect these fees; they are used to adjust the costs or returns of holding contracts so that contract prices remain close to the prices of the underlying assets.
When the funding rate is 0.01%it represents the benchmark rate. When the funding rate is above 0.01%it indicates that the market is broadly bullish. When the funding rate is below 0.005%it indicates that the market is broadly bearish.
Original link https://m.theblockbeats.info/flash/373533
Key points
01
According to HTX market data, Bitcoin is currently trading at 80,669.49 USD，24 down over the past hours by 1.31%。
02
According to HTX market data, Ethereum is currently trading at 2,367.01 USD，24 down over the past hours by 1.52%。
03
According to CoinGlass data,BTC the open-interest-weighted and volume-weighted funding rates are 0.0081%and 0.0074%。
04
According to CoinGlass data,ETH the open-interest-weighted and volume-weighted funding rates are 0.0078%and 0.0082%。
05
The article said that BTC and ETH the above funding rates are both in the neutral range, while some trading platforms are in the bearish range.
06
The article said that ETH the volume-weighted funding rate is slightly higher than BTC, indicating relatively stable short-term futures sentiment.
07
The article referred to 0.01%as the benchmark rate, and said that a rate above 0.01%generally indicates broad bullishness, while a rate below 0.005%generally indicates broad bearishness.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Funding rates are a mechanism for exchanging funds between long and short perpetual contract traders, used to bring contract prices closer to the prices of underlying assets. In this case, the weighted rates for BTC and ETH were in the neutral range referred to in the article, indicating that the data did not yet show a clear broadly bullish or bearish state, although some platforms leaned bearish.
Why it matters to readers
Funding rates can be used to observe the long-short bias in the perpetual contract market. Current data reflects overall neutral short-term futures sentiment, while BTC and ETH prices both fell over the past 24 hours.
Beginners can view funding rates as one of the sentiment indicators for the contract market, but a neutral rate does not mean that prices will not rise or fall, nor can it alone serve as a basis for determining trading direction.
Risks and unknowns
The data was relayed by BlockBeats HTX and CoinGlass; the original article did not include an independently verifiable data snapshot.
The original article did not specify which trading platforms were in the bearish range.
The current data reflects only the time of reporting; subsequent changes in funding rates and prices are unknown.
The headline described the market as “neutral to slightly bearish,” while the body said that it was neutral overall, with only some platforms in the bearish range.
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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.
