Analysis: The current mainstream CEX and DEX funding rates show that the market remains differentiated, with bearish and neutral sentiments coexisting

ChainCatcher message, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market remains differentiated, with bearish and neutral sentiments coexisting. The specific funding rates of mainstream cryptocurrencies are shown in the attached image.

It is reported that funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts, keeping the contract prices close to the prices of the underlying assets.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.