Current mainstream CEX and DEX funding rates indicate the market remains bearish on altcoins, while BTC and ETH have returned to neutral.

BlockBeats News, November 10, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that after a rebound in the crypto market over the past three days, market participants still maintain a bearish outlook on altcoins. However, the funding rates for Bitcoin and Ethereum have now returned to a neutral range, as 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 yield of holding contracts, 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.