Current mainstream CEX, DEX funding rate displays market back in bear territory

On February 20, Coinglass data showed Bitcoin remained in a range-bound trend. Currently, funding rates across major centralized (CEX) and decentralized (DEX) exchanges point to a market-wide bearish sentiment, with specific rates detailed in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to keep contract prices aligned with their underlying assets—typically applied to perpetual contracts. This mechanism facilitates fund transfers between long and short traders; exchanges do not collect these fees. Its goal is to adjust the costs or profits of traders holding positions, ensuring contract prices stay close to the underlying asset’s price. **Funding Rate Benchmarks**: - 0.01% = baseline rate - Above 0.01% = generally bullish market - Below 0.005% = generally bearish market