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.
đŽ 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.
đą 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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