According to BlockBeats, on June 2, the current mainstream CEX and DEX funding rates indicate that the market is returning to neutrality. The funding rate is used to maintain the balance between the contract price and the underlying asset price.
The funding rate is a mechanism for the exchange of funds between long and short traders, not charged by the trading platform. When the funding rate is 0.01%, it indicates the benchmark rate; when it's greater than 0.01%, the market is bullish; when it's less than 0.005%, the market is bearish.