Multiple mainstream CEX platform CRV contract funds have reached -0.4%

According to COINGLASS data, multiple mainstream CEX platform CRV contract funds including Bitget have reached -0.4%. As of press time, Bitget is -0.4083%, Binance is -0.4073%, OKX is -0.3785%, Bybit is -0.3014%.

Note: Funding Rates is the rate set by the cryptocurrency trading platform to maintain the balance between the contract price and the target asset price, which is usually suitable for sustainable contracts. It is the capital exchange mechanism between multiple and short traders. The trading platform does not charge this fee to adjust the cost or income of the trader's holding of the contract, so that the contract price is close to the target asset price.

When the market trend is bullish, the funding rate is usually positive and increased over time. At this time, the bulls will pay the short -term payment rate. On the contrary, when the market is loser, the capital rate is usually negative. At this time, the short traders pay the bulls.