Current mainstream CEX and DEX funding rate displays a market-wide bearish sentiment.

BlockBeats News, March 11th, according to Coinglass data, as Bitcoin retreated slightly today and remained volatile, the current mainstream CEX, DEX funding rates indicate an overall bearish market sentiment, with specific funding rates shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between contract prices and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the baseline 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.