Funding Rates Across Major CEXs and DEXs Remain Negative Despite Two-Day Rebound

Funding rates across major centralized and decentralized exchanges remain predominantly negative on Nov. 23 despite a two-day price rebound, Coinglass data show. Nearly all crypto asset trading pairs show negative funding rates, indicating continued bearish positioning among market participants. Funding rates represent the cost exchange mechanism between long and short traders in perpetual contracts, designed to keep contract prices aligned with spot prices, with rates below 0.005% typically signaling bearish market sentiment.