The current mainstream CEX and DEX funding rate indicates that the market is overwhelmingly bearish.

BlockBeats News, October 18th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after a further decline in the past two days, the current market has turned bearish across the board. The funding rates for major assets on various trading platforms' perpetual contract trading pairs are almost all negative, as shown in the specific funding rates in the following chart.

BlockBeats Note: Funding Rate is a fee 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 mechanism for fund exchange between long and short traders, and the trading platform 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. When the funding rate is less than 0.005%, it indicates a generally bearish market.