The funding rate is not calculated by market bull and bear positions, it is calculated from the difference between the futures price and the index price;

So, if many long orders are placed in the market instantly and there are not enough short order buyers, the futures price can temporarily rise and the funding rate increases.
The latest prices indicate that the prices are pumping, long positions are accumulating in the liquidity, but fees are still low.
The reason why futures trading does not generate a significant premium and increase the funding rate is that the Maker is sufficient at the upper level, along with the entry of long positions in the futures market;
On the other hand, due to the concentration of Liquidity on long positions in the liquidity map, it indicates that the price-setting party (market buyers) has higher leveraged long positions and short positions are generally less leveraged and liquidity is not heavily accumulated, which means that the stop out price is high, so it cannot be shown within a monthly interval.
When two factors come together, most short orders are executed passively and fees do not increase despite the small volume. In addition, there are open orders that do not show a large amount of short positions on the liquidation map due to the low leverage ratio of short orders (the liquidation price of short orders is quite high).