Sept. 3: Bitcoin Funding Rates Turn Bearish Across Major CEXs and DEXs — Coinglass Data

COINOTAG News cites Coinglass data on September 3, indicating that mainstream CEX and DEX funding rates reflect a prevailing bearish tilt for BTC and ETH. Market-derived funding metrics across perpetual swaps signal increased short-side pressure, suggesting derivatives participants currently price downside risk into BTC and ETH contracts rather than a sustained upside bias.

Per COINOTAG’ clarification, the funding rate is a periodic payment between long and short traders to tether perpetual contract prices to spot. The industry baseline is 0.01%; readings above that imply bullish sentiment, while rates below 0.005% denote a more pronounced bearish stance. Trading platforms do not retain these payments, which serve purely as a market-cost mechanism.

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