According to ChainCatcher and Coinglass data, funding rates on major CEXs and DEXs currently show a diverging market, with both bearish and neutral sentiment coexisting. Specific funding rates for major cryptocurrencies are shown in the attached figure.
Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices 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, and are not charged by trading platforms. 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.