Current mainstream CEX and DEX funding rates show that the market has generally turned bearish.

BlockBeats news, on May 3rd, according to Coinglass data, the current funding rates for mainstream CEX and DEX indicate that the market has generally turned bearish. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats note: funding rates are the rates set by crypto asset trading platforms to maintain a balance between contract prices and the prices of underlying assets, usually applicable to Perpetual 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 cost or profit of traders holding contracts to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it signifies a generally bullish market. When the funding rate is less than 0.005%, it signifies a generally bearish market.