On October 31st, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after the decline of the crypto market in recent days, market participants' bearish trend towards counterfeit products has intensified, and the bitcoin funding rate has returned to the neutral range. The specific funding rate is shown in the figure below. BlockBeats Note: Funding rates are set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, and are usually applicable to perpetual contracts.
It is a money exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of the trader holding the contract so that the price of the contract remains close to the price of the underlying asset. When the funding rate is 0.01%, it means the base rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
Current mainstream CEX and DEX funding rates show that the market is comprehensively bearish on counterfeit products
2025-10-31 11:07:17
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