The current mainstream CEX and DEX funding rates show that the market maintains a neutral to bearish outlook.

On October 10, according to Coinglass data, after nearly 2 days of decline in the crypto market, the current funding rates of mainstream CEX and DEX show that the market is still neutral but has leaned towards bearish, especially for BTC, ETH, and SOL, with specific funding rates shown in the figure below. BlockBeats Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applicable to Perptual Futures. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee. It is used to adjust the costs or returns of traders holding contracts to keep contract prices close to the prices of underlying assets. 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 represents a generally bearish market.