Current mainstream CEX, DEX funding rate shows the market slightly returning to neutrality after a rebound.

BlockBeats News, October 24th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after experiencing a rebound in the market for nearly 2 days, the funding rates for multiple asset pairs have further returned to neutrality, still overall leaning bearish, as shown in the specific funding rates in the following chart.

BlockBeats Note: Funding Rate is a rate set by cryptocurrency trading platforms to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.