The current mainstream CEX, DEX funding rate display indicates a prevailing bearish sentiment in the market

BlockBeats News, October 19th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market is holding steady this weekend, still leaning bearish. Most mainstream assets on major exchanges' perpetual contract trading pairs are experiencing negative funding rates, as shown in the specific funding rates in the graph below.

BlockBeats Note: Funding rates are rates 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 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 baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market sentiment. When the funding rate is below 0.005%, it indicates a generally bearish market sentiment.