The current mainstream CEX and DEX funding rate displays that the market remains broadly bearish.

BlockBeats message, April 22, according to Coinglass data, as Bitcoin edges slightly higher and remains in consolidation, the current mainstream CEX and DEX funding rates show that the market still remains broadly bearish, with the specific funding rates shown in the attached image.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, usually applied to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee; it is used to adjust traders’ costs or gains from holding contracts, so that the contract price stays close to the underlying asset price.

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