The current mainstream CEX, DEX funding rate differentiation, coexistence of neutrality and bearish sentiment

BlockBeats News, April 30th, according to Coinglass data, the current mainstream CEX and DEX funding rates are diverging, with neutrality coexisting with bearish sentiment. The specific funding rates for major cryptocurrencies are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, with the exchange not charging this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the baseline 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.