Current mainstream CEX and DEX funding rates indicate that bearish sentiment in the market has weakened.

BlockBeats news, November 17, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that after a significant unilateral decline in the crypto market, there has been a slight rebound today. The overall bearish sentiment among participants has weakened, and the funding rates for more asset trading pairs have returned to neutral.

BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that contract prices remain close to the prices of the underlying assets.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.