On May 8, 2023, according to Coinglass data, the current funding rates for mainstream CEX and DEX indicate that the market has leaned towards bullish trading. The specific funding rates for mainstream cryptocurrencies are shown in the attached image.

Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders; the trading platform does not charge this fee, which is used to adjust the cost or returns of traders holding contracts to keep the contract prices close to the underlying asset prices.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.