The red rectangle highlights a period where OKX's funding rate (FR) remained in the negative, while the blue rectangle marks a period where Binance's FR stayed in the positive.
In the recent upward trend, OKX and Binance's FRs appear to be associated with market movements. This can be attributed to the increase in open interest alongside the growing user base. Observing the current market, we should focus on OKX, which showed a significant selling bias with a negative FR at recent highs, and Binance, which exhibited a strong buying bias with a positive FR at recent lows.
Written by nino
