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

On July 13, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is still in a neutral state. 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 the contract price and the underlying asset price, usually applicable to Perptual Futures. It is a funding exchange mechanism between long and short traders, and trading platforms do not charge this fee, used to adjust the cost or return of the contracts held by traders, to keep the contract price close to the underlying asset price. 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 represents a generally bearish market.