The current mainstream CEX and DEX funding rates show that the market is gradually returning to neutrality

According to Coinglass data on June 15, the current mainstream CEX and DEX funding rates show that the market is gradually returning to neutrality. The specific mainstream currency funding rates are shown in the attached figure.

BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between contract prices and underlying asset prices, and are usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means that the market is generally bearish.