Current mainstream CEX and DEX funding rates have seen a slight rebound, allowing the market to take a temporary breather

BlockBeats News, March 15th, according to Coinglass data, the current mainstream CEX and DEX funding rates have slightly rebounded, allowing the entire market to take a temporary breather. The specific funding rates for mainstream coins are shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.