Current Mainstream CEX and DEX Funding Rates Indicate Market Remains Divergent with Bearish and Neutral Coexistence

On May 21, according to Coinglass data, the current funding rates of mainstream CEX and DEX indicate a market that remains divided, with bearish and neutral sentiments coexisting. The specific funding rates for major cryptocurrencies are shown in the attached image.

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

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