Funding rates reflect the sentiment in the cryptocurrency market, displayed as an 8-hour rate. The black benchmark is 0.01%; red values above this indicate bullish sentiment, while green values below 0.005% represent bearish sentiment. The depth of color corresponds to the strength of sentiment - the deeper the color, the stronger the bullish or bearish sentiment.

Funding rates are the rates set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, typically applied to perpetual contracts.

When the perpetual contract price deviates from the underlying asset price, the exchange will adjust the funding rate to incentivize the long or short positions to pay the funding fee in the opposite direction, so that the contract price returns to the underlying asset price.

When the market is in an uptrend, the funding rate is usually positive and increases over time, in which case the long positions pay the funding fee to the short positions; conversely, in a downtrend market, the funding rate is usually negative, and the short positions pay the fee to the long positions.

The calculation of the funding rate is typically based on the market interest rate and the difference between the contract price and the underlying price, and it is settled at a fixed time interval (such as every 8 hours or hourly), during which the long and short positions exchange the funding fee.