The current funding rates of mainstream CEX and DEX indicate that the market remains neutral.

On October 5th, according to Coinglass data, after a strong Rebound in the crypto market over the past few days, Bitcoin is set to challenge its historical high. Currently, the funding rate for mainstream CEX and DEX indicates that the market remains neutral and has not entered an overheating stage, as shown in the figure below. BlockBeats note: funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applicable to Perptual Futures. 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 returns of traders holding contracts, keeping the contract prices close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the Benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.