đ Bitcoin Funding Rates: What's Happening Today?
Curious about the current Bitcoin funding rates? As of August 16, 2024,here's the latest on the fees traders are paying to keep futures prices aligned with spot prices.
đ Funding Rates Across Major Exchanges
Bitcoin funding rates vary across different platforms:
Binance: -0.0110%
OKX: -0.0041%
dYdX: -0.0169%
These rates reveal the ongoing battle between long and short positions, with traders paying each other based on market trends.
đ´ Highest Funding Rates
Where are long positions paying the most? Bybit leads with some eye-popping numbers:
Bybit BTT/USDT: 0.1661%
Bybit NEIROETH/USDT: 0.0684%
These elevated rates indicate bullish sentiment, with longs paying shorts more to maintain their positions.
đ˘ Lowest (or Negative) Funding Rates
In contrast, some pairs show shorts paying longs:
Bybit RARE/USDT: -1.5659%
Binance RARE/USDT: -1.3092%
Bitget RARE/USDT: -1.1914%
These negative rates reflect bearish sentiment, where shorts dominate the market.
Funding rates constantly fluctuate, providing a snapshot of the market's pulse. Keep an eye on these rates as they offer valuable insights into the marketâs sentiment!
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