The current mainstream CEX and DEX funding rates indicate that the market is generally bullish.

On July 18, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is generally bullish, with BTC and ETH mostly at neutral rates, while altcoins are fully bullish. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to Perpetual Futures. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts 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.