**Crypto Funding Rates: Broad Bearishness on Altcoins, ETH Neutral, BTC Mixed (Jan 1)** Per Coinglass data, mainstream centralized (CEX) and decentralized (DEX) exchanges show broad bearish sentiment toward altcoins — but all ETH funding rates have shifted back to neutral. Only OKX, Bybit, and LBank posted slightly bearish rates for BTC pairs; other platforms have returned to neutral. Funding rates for major coins are detailed in the attached chart. **BlockBeats Note:** Funding rates are set by crypto exchanges to keep contract prices aligned with underlying asset prices — typically for perpetual contracts. They’re a mechanism for transferring funds between long and short traders; exchanges do not collect this fee. The goal is to adjust the cost or profit of traders holding positions, ensuring contract prices stay near underlying asset values. – 0.01% = benchmark rate – >0.01% = bullish market sentiment – <0.005% = bearish market sentiment
