On March 23, according to Coinglass data, the current mainstream CEX and DEX funding rates indicate that the crypto market remains in a bearish trend, with specific funding rates for major cryptocurrencies shown in the attached image.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a fund exchange mechanism between long and short traders, where 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 benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it represents that the market is generally bearish.