According to BlockBeats, on November 15th, data from Coinglass shows that current funding rates on major CEXs and DEXs indicate that after the recent sharp one-sided decline in the crypto market, participants remain overwhelmingly bearish, although funding rates for some asset trading pairs have returned to neutral.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee, but uses it to adjust the cost or profit of traders 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. A funding rate less than 0.005% indicates a generally bearish market.