Market Divergence Evident in Current Funding Rates

According to BlockBeats, recent data from Coinglass indicates a divergence in market sentiment, with both bullish and neutral positions present across major centralized and decentralized exchanges. The funding rates for key cryptocurrencies reflect this trend. Funding rates are fees set by cryptocurrency trading platforms to maintain 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 platform charging a fee, to adjust the cost or profit of holding contracts, ensuring contract prices remain close to asset prices source: https://www.binance.com/en/square/post/28132871254977?utm_source=BinanceNewsRSS