Current mainstream CEX and DEX funding rate displays show that the market is not skewed towards bullishness, remaining neutral.

BlockBeats News, May 12th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market has not yet started to tilt towards a bullish sentiment. Most trading pairs' rates remain neutral, with a small portion even slightly leaning bearish. The specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain 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.