BlockBeats news, on June 2, according to Coinglass data, the current funding rates of major CEX and DEX show that the market is in a neutral to bearish sentiment. The specific funding rates for major 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 underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee; it is used to adjust the cost or return of contracts held by traders, so that the contract price stays 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.
