Funding Rates Analysis 👀

I scanned hundreds of crypto tokens and analyzed their funding rates. In particular, I compared the average funding rates of the last 30 days with the average rate of the previous three days.

What's the idea? Significant changes in funding rates can be an early signal of market sentiment shifts.

Here are the highlights of the analysis:

Strong Positive Change 🟢🟢

- Celestia $TIA

- Solar $SXP

Moderate Positive Change 🟢

- DIA $DIA

- Keep Network $KEEP

- Chilz $CHZ

Moderate Negative Change 🔴

- Spell $SPELL

- DODO $DODO

Strong Negative Change 🔴🔴

- Reef $REEF

- Terra $LUNA

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About funding rates: Funding rates are periodic payments exchanged between long and short traders in futures markets to keep the contract price aligned with the spot price. A positive funding rate indicates that longs are paying shorts, suggesting bullish sentiment, while a negative rate means shorts are paying longs, reflecting bearish sentiment.