BlockBeats news, on May 19, according to Coinglass data, the current funding rates of mainstream CEX and DEX show a divergence in market direction, with bearish and neutral sentiments coexisting. Specific funding rates for mainstream cryptocurrencies are shown in the attached image.
BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders; the trading platform does not charge this fee, which is used to adjust the cost or profit of the contracts held by traders, keeping the contract prices close to the underlying asset prices.
When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.