AAVE 永续合约资金费率 — 各交易所对比
AAVE 资金费本周的实际结算收益
按过去 7 天实际结算的资金费排序($10,000 仓位,已扣除开平仓成本),而不是瞬时年化。
$10,000 做 AAVE:做多 Variational / 做空 Aster → 扣除成本后一周 +$9.91(实际结算年化 10.9%)。
- 做多 Variational做空 Aster+$9.91每周($10k), 扣除成本后
- 实际结算,7 天均值
- +10.9%
- 稳定
- 78%
回本 3 天 - 做多 KuCoin做空 Aster+$7.33每周($10k), 扣除成本后
- 实际结算,7 天均值
- +17.2%
- 稳定
- 86%
回本 4 天
过去 7 天的实际数据,不是预测。成本 = 两家交易所开平仓的吃单手续费。 即将结算的资金费 →
Funding Rates by Exchange
+11.38%
Interval
1h
Open Interest
$28K
Mark Price
$107.84
+10.96%
Interval
8h
Open Interest
$36.6M
Mark Price
$107.32
+10.96%
Interval
8h
Open Interest
$3.9M
Mark Price
$107.29
+10.96%
Interval
8h
Open Interest
$307K
Mark Price
$107.2405
+10.96%
Interval
8h
Open Interest
$11.0M
Mark Price
$107.29
+10.96%
Interval
8h
Open Interest
$731K
Mark Price
$107.34
+10.96%
Interval
1h
Open Interest
$65K
Mark Price
$107.286
+10.96%
Interval
1h
Open Interest
$29K
Mark Price
$107.29
+10.96%
Interval
8h
Open Interest
$359K
Mark Price
$107.327
+10.96%
Interval
4h
Open Interest
$56K
Mark Price
$107.2127
+10.96%
Interval
1h
Open Interest
$80K
Mark Price
$107.17
+10.96%
Interval
1h
Open Interest
$116K
Mark Price
$107.35
+10.96%
Interval
1h
Open Interest
$113K
Mark Price
$107.34
+10.96%
Interval
8h
Open Interest
$3.0M
Mark Price
$107.31
+8.92%
Interval
8h
Open Interest
$3.4M
Mark Price
$107.29
+8.71%
Interval
1h
Open Interest
$40.3M
Mark Price
$107.31
+8.49%
Interval
1h
Open Interest
$40.3M
Mark Price
$107.33
+8.49%
Interval
1h
Open Interest
$40.3M
Mark Price
$107.33
+8.49%
Interval
1h
Open Interest
$40.3M
Mark Price
$107.33
+8.49%
Interval
1h
Open Interest
$40.3M
Mark Price
$107.33
+8.49%
Interval
1h
Open Interest
$40.3M
Mark Price
$107.33
+7.81%
Interval
8h
Open Interest
$729K
Mark Price
$107.3255
+7.56%
Interval
8h
Open Interest
$42.8M
Mark Price
$107.32
+7.56%
Interval
8h
Open Interest
—
Mark Price
$107.32
+7.53%
Interval
8h
Open Interest
—
Mark Price
$107.25
+7.43%
Interval
8h
Open Interest
$19.2M
Mark Price
$107.3
+7.43%
Interval
8h
Open Interest
—
Mark Price
$107.29
+7.38%
Interval
8h
Open Interest
—
Mark Price
$107.27
+7.34%
Interval
8h
Open Interest
$15.0M
Mark Price
$107.22
+5.88%
Interval
8h
Open Interest
$11.6M
Mark Price
$107.29
+5.27%
Interval
8h
Open Interest
$1.9M
Mark Price
$107.32
+4.72%
Interval
8h
Open Interest
$4K
Mark Price
$107.2216
+4.21%
Interval
8h
Open Interest
$2.3M
Mark Price
$107.2045
+1.55%
Interval
1h
Open Interest
$315K
Mark Price
$107.2725
+1.23%
Interval
1h
Open Interest
$49K
Mark Price
$107.237
+0.22%
Interval
8h
Open Interest
$18.7M
Mark Price
$107.29
+0.03%
Interval
1h
Open Interest
$141K
Mark Price
$107.21
+0.00%
Interval
1h
Open Interest
$3.7M
Mark Price
$107.285
+0.00%
Interval
1h
Open Interest
$51K
Mark Price
$107.217
+0.00%
Interval
1h
Open Interest
$281K
Mark Price
$107.2236
-0.01%
Interval
8h
Open Interest
$15K
Mark Price
$107.22
-0.37%
Interval
1h
Open Interest
$36K
Mark Price
$107.23
-0.99%
Interval
8h
Open Interest
$25.8M
Mark Price
$107.3
-3.95%
Interval
1h
Open Interest
$10K
Mark Price
$107.34
-5.51%
Interval
1h
Open Interest
$54K
Mark Price
$107.2787
-8.77%
Interval
1h
Open Interest
$8K
Mark Price
$107.23
-20.16%
Interval
1h
Open Interest
$191K
Mark Price
$107.296
-26.44%
Interval
1h
Open Interest
$39K
Mark Price
$107.12
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +11.38% | 1h | $28K | $107.84 | |
| +10.96% | 8h | $36.6M | $107.32 | |
| +10.96% | 8h | $3.9M | $107.29 | |
| +10.96% | 8h | $307K | $107.2405 | |
| +10.96% | 8h | $11.0M | $107.29 | |
| +10.96% | 8h | $731K | $107.34 | |
| +10.96% | 1h | $65K | $107.286 | |
| +10.96% | 1h | $29K | $107.29 | |
| +10.96% | 8h | $359K | $107.327 | |
| +10.96% | 4h | $56K | $107.2127 | |
| +10.96% | 1h | $80K | $107.17 | |
| +10.96% | 1h | $116K | $107.35 | |
| +10.96% | 1h | $113K | $107.34 | |
| +10.96% | 8h | $3.0M | $107.31 | |
| +8.92% | 8h | $3.4M | $107.29 | |
| +8.71% | 1h | $40.3M | $107.31 | |
| +8.49% | 1h | $40.3M | $107.33 | |
| +8.49% | 1h | $40.3M | $107.33 | |
| +8.49% | 1h | $40.3M | $107.33 | |
| +8.49% | 1h | $40.3M | $107.33 | |
| +8.49% | 1h | $40.3M | $107.33 | |
| +7.81% | 8h | $729K | $107.3255 | |
| +7.56% | 8h | $42.8M | $107.32 | |
| +7.56% | 8h | — | $107.32 | |
| +7.53% | 8h | — | $107.25 | |
| +7.43% | 8h | $19.2M | $107.3 | |
| +7.43% | 8h | — | $107.29 | |
| +7.38% | 8h | — | $107.27 | |
| +7.34% | 8h | $15.0M | $107.22 | |
| +5.88% | 8h | $11.6M | $107.29 | |
| +5.27% | 8h | $1.9M | $107.32 | |
| +4.72% | 8h | $4K | $107.2216 | |
| +4.21% | 8h | $2.3M | $107.2045 | |
| +1.55% | 1h | $315K | $107.2725 | |
| +1.23% | 1h | $49K | $107.237 | |
| +0.22% | 8h | $18.7M | $107.29 | |
| +0.03% | 1h | $141K | $107.21 | |
| +0.00% | 1h | $3.7M | $107.285 | |
| +0.00% | 1h | $51K | $107.217 | |
| +0.00% | 1h | $281K | $107.2236 | |
| -0.01% | 8h | $15K | $107.22 | |
| -0.37% | 1h | $36K | $107.23 | |
| -0.99% | 8h | $25.8M | $107.3 | |
| -3.95% | 1h | $10K | $107.34 | |
| -5.51% | 1h | $54K | $107.2787 | |
| -8.77% | 1h | $8K | $107.23 | |
| -20.16% | 1h | $191K | $107.296 | |
| -26.44% | 1h | $39K | $107.12 |
AAVE 资金费率的含义
资金费率数据更新于 2026-11-14 10:44 UTC
ORBIT 按交易所实时汇总 AAVE 永续合约在 48 家交易所的资金费率。资金费率是多头与空头之间的周期性支付,用来把永续合约价格锚定在现货附近:费率为正时多头向空头支付,为负时空头向多头支付。目前 AAVE 的年化资金费率从 Decibel 的 -26.44% 到 Phoenix 的 +11.38% 不等。
AAVE 当前最大的跨所资金费率价差为年化 37.8%。德尔塔中性的跨所套利正是赚取这一差额:在费率最低的 Decibel 做多,在费率最高的 Phoenix 做空。两条腿等额反向,价格波动相互抵消,留下的就是费率差。ORBIT 回测器回放两条腿真实的资金费率历史,并按实时订单簿扣除吃单手续费和滑点,得到的是净收益,而不是宣传数字。
AAVE 在所跟踪的永续品种中持仓量排名第 44,各交易所合计持仓量 $444.3M,24 小时成交量 $386.1M,成交量加权标记价格 $107.3138。流动性越深,就能以越低的滑点在更大仓位上交易这一价差——在筛选器中使用「最低持仓量」过滤,只保留能实际进出的市场。
Frequently asked questions
- 目前哪家交易所的 AAVE 资金费率最高?
- Phoenix,年化 +11.38%。较高的正费率意味着空头收取资金费用,因此它是跨所套利中做空的一方。费率每个结算周期都会变化,当前数值请以实时筛选器为准。
- 为赚取资金费率,AAVE 应在哪家交易所做多?
- Decibel 的 AAVE 资金费率最低,为年化 -26.44%,在那里做多成本最低(甚至可收取费用)。与费率最高的交易所配对,即构成德尔塔中性的价差组合。
- AAVE 最佳的资金费率套利组合是什么?
- 价差最大的组合是 Decibel 做多 / Phoenix 做空,扣除成本前约为年化 37.8%。确定仓位规模前,请先在 ORBIT 回测器中验证,它会扣除真实的手续费和滑点。
- AAVE 的资金费用多久结算一次?
- 各交易所资金间隔不同(1 小时、4 小时、8 小时)。在年化费率相同的情况下,间隔越长,单次支付越少但金额越大。ORBIT 把所有交易所统一换算为年化费率,便于直接比较。
- AAVE 的资金费率目前是正还是负?
- 各交易所正负不一,年化从 -26.44% 到 +11.38%——正是这种分歧创造了跨所套利机会。