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

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On November 21, according to Coinglass data, the current funding rates for mainstream CEX and DEX indicate a bearish market sentiment. The specific funding rates for mainstream tokens are shown in the attached image. Note from BlockBeats: Funding rates are the rates set by crypto assets trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applicable to perpetual futures. It is a mechanism for fund exchange between long and short traders, and trading platforms do not charge this fee, which is used to adjust the cost or profit of traders holding contracts to keep contract prices close to the prices of 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 a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

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