According to ChainCatcher news and Coinglass data, the current funding rates for mainstream CEX and DEX show a divergence in market trends, with both bearish and neutral sentiments coexisting. The specific funding rates for mainstream cryptocurrencies are shown in the attached image.
Note: The funding rates are the fees set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically 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. It is used to adjust the cost or profit of traders holding contracts, in order to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a general bullish sentiment in the market. When the funding rate is less than 0.005%, it indicates a general bearish sentiment in the market.