The current mainstream CEX and DEX funding rate display shows that the market is no longer bearish on ETH and BTC, but still bearish on altcoins

**Crypto Funding Rates: Broad Bearishness on Altcoins, ETH Neutral, BTC Mixed (Jan 1)** Per Coinglass data, mainstream centralized (CEX) and decentralized (DEX) exchanges show broad bearish sentiment toward altcoins—but all ETH funding rates have shifted back to neutral. Only OKX, Bybit, and LBank posted slightly bearish rates for BTC pairs; other platforms have returned to neutral. Funding rates for major coins are detailed in the attached chart. **BlockBeats Note:** Funding rates are set by crypto exchanges to keep contract prices aligned with underlying asset prices—typically for perpetual contracts. They’re a mechanism for transferring funds between long and short traders; exchanges do not collect this fee. The goal is to adjust the cost or profit of traders holding positions, ensuring contract prices stay near underlying asset values. - 0.01% = benchmark rate - >0.01% = bullish market sentiment - <0.005% = bearish market sentiment