According to BlockBeats, data from Coinglass on September 7th indicates that current funding rates on major CEXs and DEXs indicate a bearish market bias. The specific funding rates are shown in the chart below. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the price of the underlying asset. They typically apply to perpetual swaps. Funding rates are a mechanism for exchanging funds between long and short traders. Trading platforms do not charge this fee. Funding rates are used to adjust the cost or benefit of holding contracts to keep the contract price close to the price of the underlying asset. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market outlook. A funding rate less than 0.005% indicates a generally bearish market outlook.