On March 31, according to Coinglass data, the funding rates of mainstream CEX and DEX have slightly rebounded compared to yesterday, but still indicate a bearish sentiment in the crypto market. The specific funding rates for mainstream cryptocurrencies are 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, 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 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.