Funding Rates Across Major CEXs and DEXs Signal Bearish Market Sentiment

Funding rates on major centralized and decentralized exchanges indicate a bearish market bias on November 21, Coinglass data show. Rates for mainstream cryptocurrencies are detailed in accompanying charts. Funding rates serve as a mechanism for capital exchange between long and short traders in perpetual contracts, designed to keep contract prices aligned with underlying asset prices, with rates above 0.01% typically reflecting bullish sentiment and rates below 0.005% suggesting bearish conditions.