BlockBeats news, on May 1, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that the market continues to diverge, with neutrality and bearishness coexisting. The specific funding rates for mainstream tokens are shown in the attached image. BlockBeats notes: 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 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 earnings of traders holding contracts to keep the contract price close to the underlying asset 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 general bullish sentiment in the market. When the funding rate is less than 0.005%, it indicates a general bearish sentiment in the market.
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