The funding rate of mainstream Crypto Assets returns to neutral, and market sentiment tends to balance.

[Block Rhythm] On July 19, according to data from the data platform, the current funding rates for mainstream CEX and DEX show that the market has returned to a neutral state. The specific funding rates for mainstream tokens are shown in the attached image.

The funding rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of the contracts held by traders, so that the contract price stays 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.