According to Coinglass data, the funding rates of mainstream CEX and DEX show that the market is still generally bearish. The specific funding rates for mainstream cryptocurrencies are shown in the attached image.

What is the funding rate? It is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts.

It is a funding exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or return of the contracts held by traders, keeping the contract price close to the underlying asset price.