Current mainstream CEX and DEX funding rates indicate that the market is gradually returning to neutrality.

On July 1, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is gradually returning to neutral. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: funding rates are the rates set by crypto asset trading platforms to maintain the balance between contract prices and the prices of the underlying assets, 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 costs or returns of traders holding contracts to keep the contract prices close to the prices of the underlying assets. 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.