Current Mainstream CEX, DEX Funding Rates Show Market Divergence with Coexistence of Neutral and Bearish Sentiments

According to Coinglass data, the current mainstream CEX, DEX funding rates indicate a market divergence, with neutral and bearish sentiments coexisting. The funding rates for specific mainstream cryptocurrencies are shown in the attached image.

Blockbeats Note: Funding rates are the fees set by cryptocurrency trading platforms to maintain the balance between the contract price and the price of the underlying asset, commonly applied 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 holding contracts to keep the contract price close to the price of the underlying asset.

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