Current mainstream CEX and DEX funding rates have seen a slight recovery, allowing the market to take a temporary breather

On March 15th, according to Coinglass data, as of now, the funding rates of mainstream CEXs and DEXs have shown a slight rebound, providing the entire market with a temporary respite. The specific funding rates for mainstream coins are as presented in the image below. BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the equilibrium between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is 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.