Current mainstream CEX, DEX funding rate displays a market still biased towards bearishness

2 hours ago

March 6 – Data from Coinglass shows mainstream centralized (CEX) and decentralized (DEX) perpetual contract funding rates remain bearish-leaning following last night’s downward price movement. Bitcoin’s funding rate has flipped from neutral to positive, while Ethereum’s has held steady at neutral. Funding rates for other major coins are outlined in the attached chart. BlockBeats Note: A funding rate is a fee set by crypto exchanges to keep contract prices aligned with the underlying asset’s spot price (primarily for perpetual contracts). It enables fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts the cost or profit for position holders to ensure contract prices closely track the underlying asset. Market Context: A 0.01% funding rate is the baseline. Rates above 0.01% signal a broadly bullish market, while rates below 0.005% indicate a broadly bearish market.

Add to Favorites Download image Share x Copy link

Relevant content

11 new addresses have collectively withdrawn a total of 7.21 billion PUMP tokens from CEX in the past 10 days, equivalent to approximately $14.56 million.

On March 6, per LookOnChain data, 11 newly created crypto wallet addresses withdrew a total of 7.21 billion PUMP tokens from exchanges OKX, Bybit, and Kraken over the past 10 days—valued at roughly $14.56 million.

1 seconds ago

Yesterday the US Bitcoin Spot ETF saw a net outflow of $2.279 billion

March 6: U.S. Bitcoin spot ETF recorded a net outflow of $227.9 million yesterday, per Farside monitoring data.

1 seconds ago

OKEx Launches Trader Social Network OKEx Orbit, Focusing on Transparent Trading and Reputation System Building

March 6th — OKX founder Star took to social media to say: “If traders want to build a reputation, OKX Orbit can turn what were once private trading activities into a transparent network.” Previously, OKX announced the launch of Orbit, a new trader social network centered on transparency. Designed for traders with verified trading records, the platform lets users: - Establish their own trading reputations - Discuss trading ideas - Execute trades directly - Earn rewards without leaving the chat interface

1 seconds ago

Solana-based Chinese Meme Coin "My Sword and Shield" Surges to $6 Million Market Cap, Up 240% in 24 Hours

On March 6th, GMGN monitoring data (via [https://gmgn.ai/sol/token/i_m4TE56o8_6iA73gWCKkLWKbVr8rgibV57MMRxzsaqS9cWpgKBpump]) shows Solana-based meme coin **My Sword and Shield** saw its market cap surge from $1.8 million earlier in the day to a peak of $6.6 million, currently trading at $5.6 million—up 240% over the past 24 hours with a 24-hour trading volume of roughly $4.9 million. The token, launched 6 days ago, is the first recent Chinese narrative meme coin on Solana to hit a seven-figure market cap. On-chain trader Cowboy purchased $740 worth of the coin when its market cap was ~$290,000; their current unrealized gain stands at 1900%, and after selling a portion, total realized profit is ~$7,930. The BSC-based *My Sword and Shield* meme coin, by contrast, has a market cap of just $500,000. It’s up ~57% over the past 24 hours with a 24-hour trading volume of ~$360,000, and has been live for roughly 28 days. BlockBeats reminds users: Meme coin trading is highly volatile, d

1 seconds ago

A multi-signature address withdrew 577.5 XAUT from a CEX, worth approximately $2.95 million