The current mainstream CEX and DEX funding rates show that the market is no longer bearish

On March 17, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the crypto market is no longer bearish. The specific funding rates of mainstream currencies are shown in the attached chart. BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms in order to maintain a balance between the contract price and the price of the underlying asset, and are usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or benefit of the trader holding the contract so that the contract price is close to the price of the underlying asset. When the funding rate is 0.01%, it represents the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means that the market is generally bearish.