BlockBeats News, December 24, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market remains fully bearish. 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 the prices of the underlying assets, usually 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, which is used to adjust the cost or profit of the contracts held by traders, so that the 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.