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The current mainstream CEX, DEX funding rate display indicates that the market is still in a bearish trend.

1 days ago

On April 2nd, based on Coinglass data, the current funding rates of mainstream CEX and DEX show that the crypto market remains in a bearish trend. The funding rates for specific mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applied to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge 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 above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.
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