🚀 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.

📉 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.

🔴 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.

🟢 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 market’s sentiment!

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