The current funding rates of mainstream CEX and DEX indicate that the market is still in a neutral position.

On July 23, according to Coinglass data, the current funding rates of mainstream CEX and DEX indicate that the market remains in a neutral position. The specific funding rates of mainstream tokens are shown in the attached image. BlockBeats note: funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, usually 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 revenue of traders holding contracts to keep the contract prices close to the underlying asset prices. When the funding rate is 0.01%, it represents the Benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.