Current mainstream CEX and DEX funding rates indicate that the market remains bearish.

On December 6, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached image. BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders; the trading platform does not collect this fee. It is used to adjust the cost or profit of holding a contract, keeping the contract price close to the underlying asset’s price. 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.