The current mainstream CEX and DEX funding rate display indicates that the market still tends to be bearish

On October 15th, based on Coinglass data, the current funding rates of mainstream CEX and DEX show that after several days of adjustments, the current market still clearly leans towards being bearish. This is shown in the specific funding rates in the following chart. 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 applicable 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 greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.