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

BlockBeats News, March 11, according to Coinglass data, as bitcoin experienced a slight pullback and remained volatile today, the current mainstream CEX and DEX funding rates indicate that the market maintains a comprehensive bearish outlook. Specific funding rates 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, usually applied to perpetual contracts. It is a mechanism for fund 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 contract prices remain close to the prices of underlying assets.

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.