After a strong market rebound, mainstream CEX and DEX funding rates still indicate a bearish outlook

March 3rd — Per Coinglass data, Bitcoin led altcoins in a sharp rebound after today’s U.S. stock market opened. However, funding rates across major centralized (CEX) and decentralized (DEX) exchanges still point to an overall bearish market. Specific funding rates for top mainstream coins are shown in the attached chart. BlockBeats Note: Funding rates are set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders — the platform itself does not collect this fee. The mechanism adjusts the cost or profit of traders holding positions to ensure contract prices track the underlying asset’s value. A 0.01% funding rate serves as the baseline. Rates above 0.01% indicate a broadly bullish market, while rates below 0.005% signal a bearish outlook.