The current mainstream CEX and DEX funding rate display indicates a market leaning towards bearishness.

BlockBeats News, June 6th, according to Coinglass data, the current mainstream CEX, DEX funding rates indicate a bearish market sentiment. The funding rates for specific mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund 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 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.