Current mainstream CEX and DEX funding rates show that the market is generally in a bearish trend.

On August 3rd, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is generally bearish. The specific funding rates of 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 contract prices and the prices of the underlying assets, usually applicable to Perptual Futures. It is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee, which is used to adjust the costs or returns of traders holding contracts to keep the contract prices close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the Benchmark rate. When the funding rate is greater than 0.01%, it represents a general bullish market. When the funding rate is less than 0.005%, it represents a general bearish market.