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The current mainstream CEX and DEX funding rate displays a continued market divergence, with neutrality coexisting with bearishness.

6 hours ago

On April 26th, based on Coinglass data, the current funding rates of mainstream CEX and DEX are showing a continuous divergence in the market, with neutrality and bearishness coexisting. The specific funding rates for mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applied to perpetual contracts and is a fund exchange mechanism between long and short traders. 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 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.
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