BABA 永续合约资金费率 — 各交易所对比
Alibaba
Best Spread
34.9% APR
Long (Lowest)
Crypto.comShort (Highest)
KuCoinMark Price
$107.8038
Total OI
$24.3M
24h Volume
$14.2M
BABA 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。
过去一周，BABA 没有任何多空组合的资金费收入能覆盖开平仓成本。
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
+19.61%
Interval
8h
Open Interest
$579K
Mark Price
$107.77
+12.49%
Interval
8h
Open Interest
$2.2M
Mark Price
$107.87
+12.16%
Interval
8h
Open Interest
$71K
Mark Price
$107.84
+10.96%
Interval
8h
Open Interest
$2K
Mark Price
$107.79
+5.52%
Interval
1h
Open Interest
$272K
Mark Price
$107.5998
+5.48%
Interval
1h
Open Interest
$6.1M
Mark Price
$107.68
+5.48%
Interval
1h
Open Interest
$192K
Mark Price
$107.88
+4.91%
Interval
1h
Open Interest
$608K
Mark Price
$107.73
+4.46%
Interval
1h
Open Interest
$126K
Mark Price
$107.69
+3.81%
Interval
8h
Open Interest
—
Mark Price
$107.9
+3.51%
Interval
1h
Open Interest
$384K
Mark Price
$107.8
+3.51%
Interval
8h
Open Interest
$6.3M
Mark Price
$107.85
+3.51%
Interval
1h
Open Interest
$727K
Mark Price
$107.91
+3.26%
Interval
8h
Open Interest
$2.8M
Mark Price
$107.89
+3.13%
Interval
8h
Open Interest
—
Mark Price
$107.8
+3.12%
Interval
8h
Open Interest
—
Mark Price
$107.8
+3.00%
Interval
8h
Open Interest
$2K
Mark Price
$107.81
+0.16%
Interval
1h
Open Interest
$85K
Mark Price
$106.89
+0.00%
Interval
8h
Open Interest
$1.9M
Mark Price
$107.91
+0.00%
Interval
8h
Open Interest
$994K
Mark Price
$107.84
+0.00%
Interval
8h
Open Interest
$32K
Mark Price
$107.915
+0.00%
Interval
8h
Open Interest
$57K
Mark Price
$107.84
+0.00%
Interval
8h
Open Interest
$3K
Mark Price
$107.78
+0.00%
Interval
8h
Open Interest
$959K
Mark Price
$107.756
-15.26%
Interval
1h
Open Interest
$4K
Mark Price
$107.81
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| KuCoinBest Short | +19.61% | 8h | $579K | $107.77 |
 Bitget | +12.49% | 8h | $2.2M | $107.87 |
 Toobit | +12.16% | 8h | $71K | $107.84 |
 WOOFi Pro | +10.96% | 8h | $2K | $107.79 |
 Ondo | +5.52% | 1h | $272K | $107.5998 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +5.48% | 1h | $6.1M | $107.68 |
 Polymarket | +5.48% | 1h | $192K | $107.88 |
 QFEX | +4.91% | 1h | $608K | $107.73 |
 Arcus | +4.46% | 1h | $126K | $107.69 |
 LBank | +3.81% | 8h | — | $107.9 |
 Lighter | +3.51% | 1h | $384K | $107.8 |
 MEXC | +3.51% | 8h | $6.3M | $107.85 |
 Lighter Robinhood | +3.51% | 1h | $727K | $107.91 |
 Hotcoin | +3.26% | 8h | $2.8M | $107.89 |
 CoinW | +3.13% | 8h | — | $107.8 |
 Bitunix | +3.12% | 8h | — | $107.8 |
 WEEX | +3.00% | 8h | $2K | $107.81 |
 Phoenix | +0.16% | 1h | $85K | $106.89 |
 Bybit | +0.00% | 8h | $1.9M | $107.91 |
 Gate.io | +0.00% | 8h | $994K | $107.84 |
 HTX | +0.00% | 8h | $32K | $107.915 |
 Aster | +0.00% | 8h | $57K | $107.84 |
 grvt | +0.00% | 8h | $3K | $107.78 |
 Variational | +0.00% | 8h | $959K | $107.756 |
| Crypto.comBest Long | -15.26% | 1h | $4K | $107.81 |
BABA 资金费率的含义
资金费率数据更新于 2026-10-01 17:45 UTC
ORBIT 按交易所实时汇总 BABA（Alibaba） 代币化（RWA）永续合约在 25 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 BABA 的年化资金费率从 Crypto.com 的 -15.26% 到 KuCoin 的 +19.61% 不等。
BABA 当前最大的跨所资金费率价差为年化 34.9%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Crypto.com 做多，在费率最高的 KuCoin 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。
BABA 在所跟踪的永续品种中持仓量排名第 218，各交易所合计持仓量 $24.3M，24 小时成交量 $14.2M，成交量加权标记价格 $107.8038。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 BABA 资金费率最高？
- KuCoin，年化 +19.61%。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，BABA 应在哪家交易所做多？
- Crypto.com 的 BABA 资金费率最低，为年化 -15.26%，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。
- BABA 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Crypto.com 做多 / KuCoin 做空，扣除成本前约为年化 34.9%。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。
- BABA 的资金费用多久结算一次？
- 各交易所资金间隔不同（1 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。
- BABA 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -15.26% 到 +19.61%——正是这种分歧创造了跨所套利机会。