The current mainstream CEX and DEX funding rate display shows that the market is still in a neutral state.

BlockBeats News, October 3rd, according to Coinglass data, after a strong rebound in the crypto market in the past 2 days, the current mainstream CEX and DEX funding rates show that the market is still in a neutral state and has not entered an overheated stage. The specific funding rates are shown in the following chart.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding 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 baseline 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.