Current Mainstream CEX, DEX Funding Rate Shows Market Shift to Cautious Bullish Sentiment

May 18th: The current mainstream CEX and DEX funding rates have witnessed a slight rebound, and the market has become cautiously bullish. The specific funding rates for mainstream currencies are presented in the attached image. BlockBeats Note: The funding rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a funding exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is 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 baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.