According to BlockBeats, on April 23rd, the current mainstream CEX and DEX funding rates continue to rise, and the market is gradually moving towards a bullish trend. The specific mainstream currency funding rates are shown in the attached figure.
BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between contract prices and underlying asset prices, typically 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 return of traders holding contracts, in order to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
