BlockBeats News, on May 8th, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that the market has tilted towards bullish trading. The specific funding rates for mainstream cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the costs or returns of traders 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 that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.