According to BlockBeats, Coinglass data from October 18th shows that funding rates on major CEX and DEX platforms indicate a broadly bearish market after two days of further declines. Contract trading pairs for major assets on major trading platforms are almost all experiencing negative rates. 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. They serve as a mechanism for exchanging funds between long and short traders. Trading platforms do not charge this fee, but rather adjust the cost or reward of holding contracts to keep the contract price close to the underlying asset price. 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.