Current Mainstream CEX and DEX Funding Rates Show Market Remains Generally Bearish
Article is form Jinse
September 17, 2024
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September 17th: Market Remains Bearish, Funding Rates Show
According to Coinglass data, the current funding rates across major centralized and decentralized exchanges (CEX and DEX) indicate a prevailing bearish sentiment in the market.
Taking Bitcoin (BTC) as an example, here are the funding rates for BTCUSDT or USD contract trading pairs on major platforms:
- Binance: -0.0011%
- OKX: 0.0001%
- dYdX: 0.0108%
- bybit: 0.0025%
- Vertex: 0.001%
- Bitget: -0.0022%
Note:
- A funding rate of 0.01% is displayed in black, representing the baseline rate.
- A funding rate greater than 0.01% is displayed in red, indicating a general bullish market sentiment.
- A funding rate less than 0.005% is displayed in green, indicating a general bearish market sentiment.
- The deeper the color, the stronger the bearish or bullish sentiment.
Source
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