BlockBeats news, on May 13, according to Coinglass data, as Bitcoin slightly weakened to $81,000, current funding rates on major CEXs and DEXs indicate the market has slightly returned to neutral, with specific funding rates shown in the attached chart.
BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to maintain alignment between contract prices and the prices of underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders; the platform does not collect this fee. Instead, it adjusts the cost or profit of holding contracts to keep their prices closely aligned with those of the underlying assets.
A funding rate of 0.01% indicates the baseline rate. When the funding rate exceeds 0.01%, it reflects general market bullish sentiment. When the funding rate falls below 0.005%, it reflects general market bearish sentiment.