According to BlockBeats, on May 4, Coinglass data showed that the funding rates of mainstream CEX and DEX have fully turned bearish. The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets. It usually applies to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. Trading platforms do not charge this fee; it adjusts the cost or returns of traders holding contracts. A funding rate of 0.01% is the benchmark rate; when it is greater than 0.01%, the market is bullish, and when it is less than 0.005%, the market is bearish.