ChainThink message, September 30, according to Coinglass data, after a strong rebound in the market yesterday, the current mainstream CEX and DEX funding rates indicate that the market is neutral with a slight bias towards bearish. The specific funding rates are shown in the following chart.

ChainThink Note: Funding rates are rates set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for fund transfer between long and short traders. The exchange does not charge this fee, which is used to adjust the cost or profit of traders holding contracts, so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark 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.