Current Leading CEX and DEX Funding Rates Indicate Market Remains Bearish

BlockBeats News, June 28 — According to data from Coinglass, the current funding rates on major CEXs and DEXs indicate that the market remains in a bearish trend. The specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders; the platform itself does not collect this fee. It is used to adjust the cost or yield of holding contracts, helping to keep contract prices close to the underlying asset prices.

When the funding rate is 0.01%, it represents the benchmark rate. If the funding rate is above 0.01%, it indicates a generally bullish market sentiment. If the funding rate is below 0.005%, it indicates a generally bearish market sentiment.