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

BlockBeats News, October 19, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that the market remains sideways this weekend and is still biased towards bearish sentiment. The contract trading pairs of mainstream assets on major trading platforms are almost all at negative funding rates. The specific funding rates are shown in the chart below.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, 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 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.