The current mainstream CEX, DEX funding rate indicates that the market has largely returned to a neutral state.

BlockBeats News, July 3rd, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market has basically returned to a neutral state, no longer exhibiting a strong long or short bias. The specific funding rates for mainstream coins are shown in the attached image.

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.