Current Leading CEX and DEX Funding Rates Indicate the Market Remains Bearish

According to data from Coinglass, the current funding rates on major CEXs and DEXs indicate that the market remains in a bearish state. The specific funding rates for mainstream cryptocurrencies are shown in the attached chart.

Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This is a mechanism for capital exchange between long and short traders; the trading platform does not collect this fee. It is used to adjust the cost or yield of holding contracts, keeping contract prices close to those of the underlying assets.

When the funding rate is 0.01%, it represents the benchmark rate. If the funding rate is higher than 0.01%, it indicates a generally bullish market sentiment. If the funding rate is lower than 0.005%, it indicates a generally bearish market sentiment.