The current mainstream CEX and DEX funding rate displays that the market remains broadly bearish.

December 11, according to Coinglass data, the funding rates for mainstream CEX and DEX indicate that the market remains broadly bearish. Specific funding rates for major cryptocurrencies are shown in the attached chart. BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for transferring funds between long and short traders; the trading platform does not charge this fee, which is used to adjust the cost or收益 of holding contracts for traders, keeping the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it signifies a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.