BTC 永续合约资金费率 — 各交易所对比
BTC 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 BTC：做多 RiseX / 做空 Hibachi → 扣除成本后一周 +$46.04（实际结算年化 37.5%）。
- 做多 RiseX做空 Hibachi+$46.04每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +37.5%
- 稳定
- 91%
- 容量最高
- $394.6K
回本 1 天 - 做多 Paradex做空 Hibachi+$39.10每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +32.9%
- 稳定
- 86%
回本 1 天 - 做多 dYdX做空 Hibachi+$24.94每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +35.5%
- 稳定
- 86%
回本 2 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
+112.95%
Interval
1h
Open Interest
$27K
Mark Price
$67,259.2
+28.05%
Interval
1h
Open Interest
$569K
Mark Price
$67,315.1
+21.20%
Interval
1h
Open Interest
$15.6M
Mark Price
$67,289.7
+12.63%
Interval
1h
Open Interest
$227K
Mark Price
$67,221.4692
+12.07%
Interval
8h
Open Interest
$467.5M
Mark Price
$67,250
+11.40%
Interval
1h
Open Interest
$11.8M
Mark Price
$67,229.243
+11.06%
Interval
1h
Open Interest
$1.0M
Mark Price
$67,386
+10.96%
Interval
1h
Open Interest
$16.9M
Mark Price
$67,313.08
+10.96%
Interval
8h
Open Interest
$13.1M
Mark Price
$67,276.7
+10.96%
Interval
1h
Open Interest
$53.5M
Mark Price
$67,330.8
+10.96%
Interval
4h
Open Interest
$169.9M
Mark Price
$67,249.3449
+10.96%
Interval
1h
Open Interest
$4.5M
Mark Price
$67,247
+10.96%
Interval
1h
Open Interest
$1.0M
Mark Price
$67,333.347
+10.96%
Interval
1h
Open Interest
$13.5M
Mark Price
$67,306.4
+10.96%
Interval
1h
Open Interest
$11.7M
Mark Price
$67,284.5
+10.96%
Interval
1h
Open Interest
$4.5M
Mark Price
$67,201.865
+10.96%
Interval
1h
Open Interest
$72.9M
Mark Price
$67,310
+10.96%
Interval
1h
Open Interest
$607K
Mark Price
$67,216.5
+10.93%
Interval
8h
Open Interest
$112K
Mark Price
$67,264
+10.52%
Interval
8h
Open Interest
$169.6M
Mark Price
$67,305.1751
+10.52%
Interval
1h
Open Interest
$16.0M
Mark Price
$67,324.8
+10.01%
Interval
1h
Open Interest
$244K
Mark Price
$67,265.4982
+8.65%
Interval
1h
Open Interest
$8.6M
Mark Price
$67,309.15
+8.24%
Interval
1h
Open Interest
$70.0M
Mark Price
$67,326
+7.66%
Interval
1h
Open Interest
$31.9M
Mark Price
$67,263.2
+7.25%
Interval
8h
Open Interest
$145.4M
Mark Price
$67,249.175
+7.01%
Interval
1h
Open Interest
$127.3M
Mark Price
$67,278.8
+6.80%
Interval
1h
Open Interest
$9.6M
Mark Price
$67,215.4
+6.34%
Interval
1h
Open Interest
$2.57B
Mark Price
$67,322
+6.34%
Interval
1h
Open Interest
$2.57B
Mark Price
$67,322
+6.34%
Interval
1h
Open Interest
$2.57B
Mark Price
$67,322
+6.34%
Interval
1h
Open Interest
$2.57B
Mark Price
$67,322
+6.34%
Interval
1h
Open Interest
$2.57B
Mark Price
$67,322
+6.30%
Interval
1h
Open Interest
$2.56B
Mark Price
$67,278
+4.49%
Interval
8h
Open Interest
$122.1M
Mark Price
$67,294.6252
+4.42%
Interval
8h
Open Interest
$164.4M
Mark Price
$67,319.7
+4.13%
Interval
8h
Open Interest
$8.2M
Mark Price
$67,255.4243
+4.05%
Interval
8h
Open Interest
$311.8M
Mark Price
$67,319.4
+3.62%
Interval
8h
Open Interest
$2.58B
Mark Price
$67,319
+3.51%
Interval
8h
Open Interest
$599.5M
Mark Price
$67,310.9
+3.31%
Interval
8h
Open Interest
—
Mark Price
$67,309.2
+3.17%
Interval
8h
Open Interest
$425.3M
Mark Price
$67,251.8002
+3.15%
Interval
8h
Open Interest
$6.50B
Mark Price
$67,305.2044
+3.15%
Interval
8h
Open Interest
—
Mark Price
$67,294.6
+3.13%
Interval
8h
Open Interest
$1.81B
Mark Price
$67,246.5
+3.13%
Interval
8h
Open Interest
$10.37B
Mark Price
$67,239.4
+3.11%
Interval
8h
Open Interest
—
Mark Price
$67,269.9
+3.07%
Interval
8h
Open Interest
$4.34B
Mark Price
$67,246.6
+1.31%
Interval
8h
Open Interest
$1.99B
Mark Price
$67,299.49
+0.66%
Interval
8h
Open Interest
$674.8M
Mark Price
$67,287.7
-1.28%
Interval
8h
Open Interest
$910.4M
Mark Price
$67,294.45
-1.61%
Interval
8h
Open Interest
$2.28B
Mark Price
$67,288.9
-1.75%
Interval
1h
Open Interest
$186K
Mark Price
$67,256.6
-1.90%
Interval
8h
Open Interest
$4.76B
Mark Price
$67,298.53
-3.92%
Interval
1h
Open Interest
$414.3M
Mark Price
$67,259.9
-12.23%
Interval
1h
Open Interest
$189K
Mark Price
$67,273.9
-14.50%
Interval
1h
Open Interest
$9.0M
Mark Price
$67,211.75
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 Bluefin | +112.95% | 1h | $27K | $67,259.2 |
 HibachiBest Short | +28.05% | 1h | $569K | $67,315.1 |
 dYdX | +21.20% | 1h | $15.6M | $67,289.7 |
 Aftermath | +12.63% | 1h | $227K | $67,221.4692 |
 Hotcoin | +12.07% | 8h | $467.5M | $67,250 |
 Extended | +11.40% | 1h | $11.8M | $67,229.243 |
 Phoenix | +11.06% | 1h | $1.0M | $67,386 |
 Pacifica | +10.96% | 1h | $16.9M | $67,313.08 |
 WOOFi Pro | +10.96% | 8h | $13.1M | $67,276.7 |
 ApeX | +10.96% | 1h | $53.5M | $67,330.8 |
 edgeX V2 | +10.96% | 4h | $169.9M | $67,249.3449 |
 Ondo | +10.96% | 1h | $4.5M | $67,247 |
 Bullet | +10.96% | 1h | $1.0M | $67,333.347 |
 Arcus | +10.96% | 1h | $13.5M | $67,306.4 |
 Polymarket | +10.96% | 1h | $11.7M | $67,284.5 |
 BULK | +10.96% | 1h | $4.5M | $67,201.865 |
 PopDEX | +10.96% | 1h | $72.9M | $67,310 |
 Decibel | +10.96% | 1h | $607K | $67,216.5 |
 Katana Perps | +10.93% | 8h | $112K | $67,264 |
 grvt | +10.52% | 8h | $169.6M | $67,305.1751 |
 Lighter Robinhood | +10.52% | 1h | $16.0M | $67,324.8 |
 Meridian | +10.01% | 1h | $244K | $67,265.4982 |
 NADO | +8.65% | 1h | $8.6M | $67,309.15 |
 SoDEX | +8.24% | 1h | $70.0M | $67,326 |
 Backpack | +7.66% | 1h | $31.9M | $67,263.2 |
 Variational | +7.25% | 8h | $145.4M | $67,249.175 |
 Lighter | +7.01% | 1h | $127.3M | $67,278.8 |
 TxFlow | +6.80% | 1h | $9.6M | $67,215.4 |
 Hyperliquid | +6.34% | 1h | $2.57B | $67,322 |
 dreamcash | +6.34% | 1h | $2.57B | $67,322 |
 Ventuals | +6.34% | 1h | $2.57B | $67,322 |
 Kinetiq | +6.34% | 1h | $2.57B | $67,322 |
 Entropy | +6.34% | 1h | $2.57B | $67,322 |
 Bullpen | +6.30% | 1h | $2.56B | $67,278 |
 Pionex | +4.49% | 8h | $122.1M | $67,294.6252 |
 Phemex | +4.42% | 8h | $164.4M | $67,319.7 |
 Paradex | +4.13% | 8h | $8.2M | $67,255.4243 |
 BloFin | +4.05% | 8h | $311.8M | $67,319.4 |
 Bitget | +3.62% | 8h | $2.58B | $67,319 |
 BingX | +3.51% | 8h | $599.5M | $67,310.9 |
 Bitunix | +3.31% | 8h | — | $67,309.2 |
 Aster | +3.17% | 8h | $425.3M | $67,251.8002 |
 Binance Futures | +3.15% | 8h | $6.50B | $67,305.2044 |
 LBank | +3.15% | 8h | — | $67,294.6 |
 Toobit | +3.13% | 8h | $1.81B | $67,246.5 |
 WEEX | +3.13% | 8h | $10.37B | $67,239.4 |
 CoinW | +3.11% | 8h | — | $67,269.9 |
 MEXC | +3.07% | 8h | $4.34B | $67,246.6 |
 Gate.io | +1.31% | 8h | $1.99B | $67,299.49 |
 KuCoin | +0.66% | 8h | $674.8M | $67,287.7 |
 HTX | -1.28% | 8h | $910.4M | $67,294.45 |
 OKX | -1.61% | 8h | $2.28B | $67,288.9 |
 N1 | -1.75% | 1h | $186K | $67,256.6 |
 Bybit | -1.90% | 8h | $4.76B | $67,298.53 |
 Crypto.com | -3.92% | 1h | $414.3M | $67,259.9 |
 Perpl | -12.23% | 1h | $189K | $67,273.9 |
 RiseXBest Long | -14.50% | 1h | $9.0M | $67,211.75 |
BTC 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 BTC 永续合约在 57 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 BTC 的年化资金费率从 RiseX 的 -14.50% 到 Bluefin 的 +112.95% 不等。
BTC 当前最大的跨所资金费率价差为年化 42.5%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 RiseX 做多，在费率最高的 Hibachi 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。
BTC 在所跟踪的永续品种中持仓量排名第 1，各交易所合计持仓量 $55.10B，24 小时成交量 $88.65B，成交量加权标记价格 $67,286.2307。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 BTC 资金费率最高？
- Bluefin，年化 +112.95%。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，BTC 应在哪家交易所做多？
- RiseX 的 BTC 资金费率最低，为年化 -14.50%，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。
- BTC 最佳的资金费率套利组合是什么？
- 价差最大的组合是 RiseX 做多 / Hibachi 做空，扣除成本前约为年化 42.5%。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。
- BTC 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。
- BTC 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -14.50% 到 +112.95%——正是这种分歧创造了跨所套利机会。