The current mainstream CEX and DEX funding rate indicates a weakening bearish momentum, with ETH showing slightly more strength than BTC.

On June 18, HTX market data shows Bitcoin is currently trading at $64,106.46, with a 1.16% drop over the past 24 hours. Ethereum is at $1,747.67, down 1.41% in the same period. Looking at current funding rates on major centralized (CEX) and decentralized exchanges (DEX), bearish momentum in the market is easing. For Bitcoin, funding rates across most platforms have flipped positive, though most still fall short of the 0.01% baseline rate. Overall, BTC’s funding rate structure sits between neutral and weak, with moderate bullish momentum that hasn’t yet consolidated above the baseline. Ethereum’s outlook is slightly stronger than BTC’s: most major ETH platforms now have funding rates above the 0.005% threshold, placing them in a neutral sentiment range. Bullish sentiment for ETH is recovering a bit faster than BTC’s, but no valid long-position signal has formed yet. BlockBeats Clarification: Funding rates are a mechanism used by crypto trading platforms to align perpetual contract prices with the underlying asset’s spot price. They function as a fund exchange between long and short contract holders—platforms do not collect this fee. The goal is to keep perpetual contract prices closely tied to the actual market value of the underlying asset. Key Funding Rate Thresholds: The baseline rate is 0.01%. When funding rates rise above 0.01%, that signals a generally bullish market. If rates drop below 0.005%, that points to prevailing bearish sentiment.