Current mainstream CEX and DEX funding rates indicate the market remains bearish

BlockBeats News, January 28, according to Coinglass data, Bitcoin has rebounded above $89,000 and is now quoted at $89,141. Currently, the funding rates on major CEX and DEX platforms show that the bearish sentiment in the market has eased compared to yesterday, but it still remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, and are usually applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the price of the underlying asset.

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