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Current mainstream CEX and DEX funding rate displays marketwide bearish sentiment

2 hours ago

As of February 16, Bitcoin has traded within a narrow range, per data from Coinglass. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal an overall bearish market sentiment, with specific rates detailed in the attached image. **BlockBeats Note:** Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with the underlying asset’s spot price. They function as a fund transfer between long and short traders—exchanges do not collect this fee, but use it to adjust traders’ holding costs or profits and anchor contract prices to the underlying asset. A 0.01% funding rate is the baseline: - Rates above 0.01% = bullish sentiment; - Rates below 0.005% = bearish sentiment.
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