Current mainstream CEX and DEX funding rates show that the market remains bearish on altcoins, while BTC and ETH have returned to neutral.

On November 10th, according to Coinglass data, the current funding rates for mainstream CEX and DEX show that after nearly 3 days of recovery in the crypto market, market participants still maintain a bearish stance on altcoins. However, the funding rates for Bitcoin and Ethereum have now returned to a neutral range, as shown in the figure below. BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between contract prices and underlying asset prices, typically applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee but uses it to adjust the cost or profit of traders holding contracts, in order to keep contract prices close to underlying asset prices. 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.