According to BlockBeats, data from Coinglass reveals that the funding rates on major centralized and decentralized exchanges (CEX and DEX) indicate a neutral sentiment in the cryptocurrency market. The market is neither predominantly bearish nor bullish at this time. Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the trading platform collecting these fees
source: https://www.binance.com/en/square/post/22505891387562?utm_source=BinanceNewsRSS