The current mainstream CEX and DEX funding rate display shows that the market is gradually moving towards a bullish trend.

BlockBeats News, April 23, the current mainstream CEX and DEX funding rates continue to rise, and the market is gradually moving towards a bullish trend. The specific funding rates for mainstream coins are as shown in the attached image.

BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit 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. When the funding rate is less than 0.005%, it indicates a generally bearish market.