Current mainstream CEX, DEX funding rate displays a market still biased towards bearishness

BlockBeats News, March 6th, according to Coinglass data, after last night's downward trend, the current mainstream CEX, DEX funding rates show the market still leans bearish. The Bitcoin funding rate has switched from neutral to a positive rate, while Ethereum has maintained a neutral rate. Specific mainstream coin funding rates are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange 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 above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.