Current mainstream CEX and DEX funding rates are rising, with BTC seeing stronger bullish sentiment than ETH

May 31, per HTX market data, Bitcoin is trading at $73,951.23, with a 24-hour gain of 0.38%. Ethereum currently stands at $2,024.25, up 0.32% over the past day, reclaiming the key psychological $2,000 level. Mainstream centralized exchange (CEX) funding rates show Bitcoin sentiment has improved significantly compared to the prior two days, with most platforms hovering near the 0.01% benchmark—indicating gathering bullish momentum. Ethereum’s overall sentiment remains neutral: while some bearish pressure has eased, it has not yet formed clear bullish signals, and its sentiment recovery is weaker than Bitcoin’s. BlockBeats Note: Funding rates are a mechanism used by cryptocurrency exchanges to keep perpetual contract prices aligned with the underlying asset’s price. It is a system where funds are exchanged between long and short traders; platforms do not collect this fee. The rate adjusts the costs or profits for traders holding contracts to ensure contract prices stay close to the underlying asset’s value. For context: a funding rate of 0.01% is the benchmark. Rates above 0.01% signal a generally bullish market, while rates below 0.005% point to a typically bearish market.