Current mainstream CEX and DEX Funding Rate Display Market Still Maintains Overall Bearish View

BlockBeats News, November 12th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after experiencing a pullback from yesterday to today, participants still maintain an overall bearish sentiment, as shown in the specific funding rates in the chart below.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and 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.