Current funding rates of mainstream CEX and DEX show that the market remains neutral and has not turned fully bullish yet.

BlockBeats news, on May 14, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market remains neutral and has not turned fully bullish yet. The specific funding rates for mainstream cryptocurrencies are shown in the attached image.

BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders; trading platforms do not charge this fee, which is used to adjust the costs or profits of traders holding contracts, keeping the contract prices close to the prices of underlying assets.

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.