Current mainstream CEX and DEX funding rates indicate that the market remains bearish

BlockBeats News, November 30, according to Coinglass data, the current funding rates on major CEXs and DEXs indicate that the market sentiment remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, typically applied 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; it is used to adjust the cost or profit of holding contracts, so that the contract price remains 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 that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.