ChainThink message, October 15, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after several days of adjustment, the market remains clearly bearish. The specific funding rates are shown in the following chart.

ChainThink Note: Funding rates are rates set by cryptocurrency exchanges to maintain balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for fund transfer between long and short traders. The exchange does not charge this fee, which is used to adjust the cost or profit of traders holding contracts, so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it represents the base rate. When the funding rate is higher than 0.01%, it indicates a general bullish market. When the funding rate is lower than 0.005%, it indicates a general bearish market.