According to BlockBeats, on May 10, Coinglass data shows that the funding rates of mainstream CEX and DEX indicate that the market is leaning towards bullish trading. The funding rate is used to maintain the balance between the contract price and the price of the underlying asset.
The funding rate is the mechanism for capital exchange between long and short traders, and the trading platform does not charge this fee. A funding rate of 0.01% is the baseline rate; a rate greater than 0.01% indicates a bullish market, while a rate less than 0.005% indicates a bearish market.