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

BlockBeats News, March 18, according to Coinglass data, as bitcoin experienced a slight pullback today, the current mainstream CEX and DEX funding rates indicate the market remains broadly bearish. Specific funding rates are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a mechanism for capital exchange 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 contract prices remain close to 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 the market is generally bullish. When the funding rate is less than 0.005%, it indicates the market is generally bearish.