Gate News reports that on March 11, according to Coinglass data, Bitcoin experienced a slight pullback today, remaining volatile. Currently, mainstream CEX and DEX funding rates indicate that the market remains broadly bearish.
Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically for perpetual contracts. They serve as a mechanism for transferring funds between long and short traders; the platform does not charge this fee. The purpose is to adjust the cost or收益 for traders holding contracts, keeping contract prices close to the underlying asset prices.
When the funding rate is 0.01%, it indicates a baseline rate; when the funding rate exceeds 0.01%, it suggests a generally bullish market; when the funding rate is below 0.005%, it indicates a generally bearish market.
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