Current mainstream CEX and DEX funding rates show that Bitcoin's rate has returned to neutral, but the market remains bearish on altcoins.

BlockBeats News, October 27, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that after the recent rebound in the crypto market over the past two days, market participants have become increasingly bearish on altcoins, while the bitcoin funding rate has returned to neutral. The specific funding rates are shown in the chart below.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that contract prices remain close to the underlying asset prices.

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