Mainstream exchanges' funding rates diverge, and the Bull vs Bear Battle situation is evident.

[Coin World] On August 10, according to data from the data platform, the current funding rates of mainstream CEX and DEX show a divergence in market direction, with bullish and neutral sentiments coexisting. The specific funding rates of mainstream tokens are shown in the attached image.

Note: The funding rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the costs or profits of traders holding contracts, so that the contract price remains close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.