Current Mainstream CEX, DEX Funding Rate Shows Market Shift to Cautious Bullish Sentiment

BlockBeats News, May 18th: The current mainstream CEX and DEX funding rates have slightly rebounded, and the market has turned cautiously bullish. The specific funding rates for mainstream currencies are shown in the attached image.

BlockBeats Note: Funding Rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge 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.