The current funding rates on mainstream CEX and DEX indicate a bearish market sentiment.

BlockBeats News, June 13, according to Coinglass data, the current funding rates on major CEXs and DEXs indicate that the market remains in a bearish trend. Specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are the fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset. They are typically used for perpetual contracts. This is a mechanism for fund exchanges between long and short traders, and trading platforms do not charge this fee. It is designed to adjust the cost or profit of holding a contract, ensuring that the contract price remains close to the underlying asset price.

When the funding rate is at 0.01%, it indicates a neutral rate. When the funding rate is greater than 0.01%, it signals that the market is predominantly bullish. Conversely, when the funding rate is lower than 0.005%, it signals that the market is predominantly bearish.