The current mainstream CEX and DEX funding rate display shows that the market has been leaning towards bullish trades.

BlockBeats News, May 8th, according to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the market has tended to be bullish on trading. The specific funding rates for major coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges 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 benefit of holding a contract for traders 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 that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.