On May 15, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market is shifting from a neutral to a bearish trend. The specific mainstream currency funding rates are shown in the attached figure.
BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset, and are usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee, which is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the price of the underlying asset.
When the funding rate is 0.01%, it indicates the base 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 indicates that the market is generally bearish.
