Current mainstream CEX, DEX funding rate displays market bearish sentiment easing

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March 13 — Data from Coinglass shows the cryptocurrency market rebounded this morning, with Bitcoin hitting $72,000 and Ethereum touching $2,148. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal easing bearish sentiment: rates for various trading pairs have returned to neutral after previously being negative. Rates for specific mainstream coins are available in the attached image. 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 mechanism adjusts the cost or profit of traders holding contracts to maintain parity with the underlying asset. A 0.01% funding rate is the baseline. Rates above 0.01% indicate broadly bullish sentiment, while rates below 0.005% signal broadly bearish sentiment.

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