Current mainstream CEX and DEX funding rates show the market slightly returning to neutrality

On March 23, Coinglass data shows that following a recent downturn, funding rates for mainstream CEX and DEX contracts are overall bearish—though some trading pairs on select platforms have returned to neutral. Specifically: - Bitcoin (BTC) funding rates are negative across multiple platforms (including Binance); - Ethereum (ETH)’s bearish trend has eased slightly; - Ripple (XRP) and Bitcoin Cash (BCH) funding rates have moved back to neutral. Refer to the attached chart for specific funding rates of major cryptocurrencies. BlockBeats Note: Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders—exchanges do not collect these fees. The rate adjusts traders’ holding costs or profits to ensure contract prices track underlying asset values. Key Benchmarks: - 0.01% = baseline rate; - Above 0.01% = generally bullish market; - Below 0.005% = generally bearish market.