Current mainstream CEX and DEX funding rates indicate a bearish market sentiment.

BlockBeats News, on September 7, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market is leaning bearish. The specific funding rates are shown in the chart below.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts, so that contract prices remain close to the prices of the underlying assets.

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.