The current funding rates of mainstream CEX and DEX indicate that the market is still in a bearish trend

ChainCatcher news, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is still in a bearish trend. The specific funding rates of mainstream cryptocurrencies are shown in the attached image.

Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, 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 the contracts held by traders, keeping the contract price close to the underlying asset price.

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 represents a generally bearish market.