The funding rates of the current mainstream CEX and DEX show that the market has leaned towards a bearish sentiment.

On September 7, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market has leaned towards bearishness, with specific funding rates shown in the figure below. BlockBeats note: Funding rates are set by crypto assets trading platforms to maintain the balance between contract prices and the underlying asset prices, usually applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which 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 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.