Current Mainstream CEX and DEX Funding Rates Indicate a Neutral to Bearish Market

June 2 news, according to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market is neutral to slightly bearish. The specific funding rates for mainstream cryptocurrencies are shown in the attached image. Note: Funding rates are fees 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 fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.