Mainstream Crypto Assets funding rates are sluggish, and market bearish sentiment is strong.

On June 28th, according to data from the data platform, the current funding rates for mainstream CEX and DEX show that the market is still in a bearish trend. The specific funding rates for mainstream tokens are shown in the attached image.

The funding rate is a fee set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee; it is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.