Preview
Funding rates approaching neutral levels while price stays flat
Funding rates on Binance and Bybit are now moving towards neutral territory after a push upwards this weekend. Funding rates for Binance and Bybit’s perps have climbed lately, seeing an average of 0.003%. The funding rate for Bybit’s BTC perp has actually been neutral over the weekend, at 0.01%, while Binance’s has been marginally on the negative side. The trend of a climbing funding rate shows that more long traders have been active this weekend, while the price has been fairly flat. It will be interesting to see if this trend continues and if we’ll see a push up in the positive funding rate territory, which we haven’t seen in several months.Preview