The current mainstream CEX and DEX funding rate indicates a slight weakening of the market's bearish sentiment

On November 17th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after experiencing a one-sided sharp decline, the crypto market has shown a slight rebound today. The overall bearish sentiment among participants has weakened, and the funding rates for a larger number of asset trading pairs have returned to a neutral state. 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 fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit 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.