BlockBeats News, August 22nd, according to Coinglass data, as Bitcoin continued its strong performance this week following a significant increase, the current mainstream CEX and DEX funding rates show that the market has returned to a neutral state. The specific funding rates are as shown in the attached image.

BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a mechanism for fund exchange 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 above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.