BlockBeats news, on December 5th, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that the market remains bearish. The specific funding rates for mainstream coins are shown in the attached image.
BlockBeats note: Funding rates are the rates 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 mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee; it is used to adjust the costs or returns 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 benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market generally has a bullish outlook. When the funding rate is less than 0.005%, it indicates that the market generally has a bearish outlook.