Current mainstream CEX, DEX Funding Rate Display Market Still Maintains Overall Bearish Sentiment

BlockBeats News, December 11th, according to Coinglass data, the current mainstream CEX, DEX funding rate shows that the market is still overall bearish. The specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a rate 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 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 greater than 0.01%, it represents a market-wide bullish sentiment. When the funding rate is less than 0.005%, it represents a market-wide bearish sentiment.