The current mainstream CEX and DEX funding rate displays a divergent market, with both bearish and neutral sentiments coexisting.

BlockBeats News, May 24th, according to Coinglass data, the current mainstream CEX and DEX funding rates show a mixed market sentiment, with both bearish and neutral views coexisting. The specific funding rates for major coins 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, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders, and the exchange does not collect 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 benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.