The current mainstream CEX and DEX funding rates indicate that the market is once again turning fully bearish.

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Mars Finance reports that, according to Coinglass data, as Bitcoin slightly pulls back and maintains a range-bound movement, the funding rates on major CEX and DEX platforms indicate that the market is once again turning fully bearish. Specific funding rates for major cryptocurrencies are shown in the attached chart. Funding rates are fees set by cryptocurrency trading platforms to keep the contract prices aligned with the underlying asset prices, typically applicable to perpetual contracts. They serve as a mechanism for transferring funds between long and short traders; the platform does not charge this fee but uses it to adjust the cost or profit for traders holding contracts, ensuring the contract price stays close to the underlying asset price. When the funding rate is 0.01%, it indicates the baseline rate. A rate above 0.01% suggests a generally bullish market. A rate below 0.005% indicates a generally bearish market.

BTC-3.33%
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