The current mainstream CEX and DEX funding rate displays a clear bearish bias in the market

BlockBeats News, September 23rd, according to Coinglass data, the current mainstream CEX, DEX funding rates display a clear bearish bias in the market, with specific funding rates as shown in the chart below.

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 mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or benefit 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. When the Funding Rate is less than 0.005%, it indicates a generally bearish market.