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Current Mainstream CEX, DEX Funding Rate Display Market Still Overall Bearish

2 hours ago

On November 27th, according to Coinglass data, the current funding rates of mainstream CEXs and DEXs indicate that the market remains predominantly bearish. The specific funding rates for major coins are presented in the attached image. BlockBeats Notes: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between contract prices and underlying asset prices. It is usually applicable to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform 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 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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