The current mainstream CEX and DEX funding rates are recovering, and the market is returning to rationality

According to BlockBeats, on April 21st, the current mainstream CEX and DEX funding rates have rebounded, and the market is returning to rationality. The specific mainstream currency funding rates are shown in the attached figure. 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 perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or return of traders holding contracts, in order 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 that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.