The current funding rates of major CEX and DEX show that the market remains neutral.

On October 3rd, according to Coinglass data, after a strong rebound in the crypto market over the past two days, the current funding rates for mainstream CEX and DEX indicate that the market remains neutral and has not entered an overheated phase. The specific funding rates are shown in the figure below. BlockBeats notes: funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to Perptual Futures. It is a funding exchange mechanism between long and short traders, where the trading platform does not charge this fee, used to adjust the cost or returns of the contracts held by traders so that the contract price remains close to the price of the underlying asset. 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.