The current mainstream CEX, DEX funding rate differentiation, coexistence of neutrality and bearish sentiment

On April 30th, based on Coinglass data, the current mainstream CEX and DEX funding rates are showing a divergence. There is a coexistence of neutrality and bearish sentiment. The specific funding rates for major cryptocurrencies 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 typically applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The exchange 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 indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.