Current Mainstream CEX and DEX Funding Rates Indicate Market Remains Neutral, Not Bullish

BlockBeats reports that on May 12, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market has not yet started to lean towards bullish sentiment. Most trading pairs still have neutral rates, with a small portion even slightly bearish. The specific funding rates for major cryptocurrencies are shown in the attached image.

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

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it signifies a generally bullish market. When the funding rate is less than 0.005%, it signifies a generally bearish market.