BTC 永续合约资金费率 — 各交易所对比
Funding Rates by Exchange
+31.56%
Interval
1h
Open Interest
$729K
Mark Price
$84,495.9
+18.06%
Interval
1h
Open Interest
$5.5M
Mark Price
$84,550.8
+15.82%
Interval
1h
Open Interest
$10.4M
Mark Price
$84,490.25
+11.25%
Interval
1h
Open Interest
$3.4M
Mark Price
$84,452.2496
+10.96%
Interval
1h
Open Interest
$3.30B
Mark Price
$84,475
+10.96%
Interval
1h
Open Interest
$41.8M
Mark Price
$84,499.506
+10.96%
Interval
1h
Open Interest
$38.0M
Mark Price
$84,477.5
+10.96%
Interval
8h
Open Interest
$7.0M
Mark Price
$84,525.4421
+10.96%
Interval
8h
Open Interest
$212.9M
Mark Price
$84,469.7748
+10.96%
Interval
4h
Open Interest
$276.6M
Mark Price
$84,448.9804
+10.96%
Interval
1h
Open Interest
$3.30B
Mark Price
$84,475
+10.96%
Interval
1h
Open Interest
$3.5M
Mark Price
$84,479.4339
+10.96%
Interval
1h
Open Interest
$3.0M
Mark Price
$84,564.8005
+10.96%
Interval
1h
Open Interest
$3.30B
Mark Price
$84,475
+10.96%
Interval
1h
Open Interest
$3.30B
Mark Price
$84,475
+10.66%
Interval
8h
Open Interest
$2.5M
Mark Price
$84,462
+10.52%
Interval
1h
Open Interest
$182.0M
Mark Price
$84,475.2
+10.52%
Interval
1h
Open Interest
$24.5M
Mark Price
$84,468
+10.36%
Interval
1h
Open Interest
$2.0M
Mark Price
$84,583
+10.01%
Interval
1h
Open Interest
—
Mark Price
$78,851.8152
+8.22%
Interval
8h
Open Interest
$909.7M
Mark Price
$84,456.7
+8.22%
Interval
8h
Open Interest
$2.80B
Mark Price
$84,465.4
+7.78%
Interval
1h
Open Interest
$28.6M
Mark Price
$84,501.58
+7.77%
Interval
1h
Open Interest
$173K
Mark Price
$84,460
+7.36%
Interval
1h
Open Interest
$8.7M
Mark Price
$84,464
+4.75%
Interval
8h
Open Interest
$161.3M
Mark Price
$84,436.955
+3.15%
Interval
1h
Open Interest
$8.7M
Mark Price
$84,458.9
+3.07%
Interval
8h
Open Interest
$5.12B
Mark Price
$84,452.14
+2.83%
Interval
8h
Open Interest
$110.7M
Mark Price
$84,457.5686
+2.07%
Interval
1h
Open Interest
$11.2M
Mark Price
$84,461
+1.55%
Interval
8h
Open Interest
$498.4M
Mark Price
$84,460.8
+1.43%
Interval
8h
Open Interest
$379.3M
Mark Price
$84,459.4
+1.41%
Interval
8h
Open Interest
—
Mark Price
$84,454.9
+0.88%
Interval
1h
Open Interest
$270K
Mark Price
$84,485.2
+0.36%
Interval
8h
Open Interest
$11.73B
Mark Price
$84,443.1
+0.35%
Interval
8h
Open Interest
$608.8M
Mark Price
$84,453.3
+0.34%
Interval
8h
Open Interest
$8.31B
Mark Price
$84,460.3816
+0.34%
Interval
8h
Open Interest
$104.4M
Mark Price
$84,454.8
+0.34%
Interval
8h
Open Interest
—
Mark Price
$84,462.2
+0.33%
Interval
8h
Open Interest
$996.0M
Mark Price
$84,454.83
+0.33%
Interval
8h
Open Interest
$4.77B
Mark Price
$84,462
+0.00%
Interval
1h
Open Interest
$699K
Mark Price
$84,435.6
-0.27%
Interval
1h
Open Interest
$65.7M
Mark Price
$84,462
-0.44%
Interval
8h
Open Interest
$140.8M
Mark Price
$84,492.7878
-0.45%
Interval
8h
Open Interest
$5.01B
Mark Price
$84,462.7
-0.71%
Interval
1h
Open Interest
$16.7M
Mark Price
$84,512.3744
-0.80%
Interval
8h
Open Interest
$2.19B
Mark Price
$84,462.35
-1.01%
Interval
8h
Open Interest
—
Mark Price
$84,454.9
-1.09%
Interval
8h
Open Interest
$2.48B
Mark Price
$84,458.7
-2.66%
Interval
1h
Open Interest
$21.9M
Mark Price
$84,458.55
-15.78%
Interval
1h
Open Interest
$47.7M
Mark Price
$84,451.4028
-27.44%
Interval
1h
Open Interest
$133.2M
Mark Price
$84,464.89
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 HibachiBest Short | +31.56% | 1h | $729K | $84,495.9 |
 Arcus | +18.06% | 1h | $5.5M | $84,550.8 |
 RiseX | +15.82% | 1h | $10.4M | $84,490.25 |
 Reya | +11.25% | 1h | $3.4M | $84,452.2496 |
 Hyperliquid | +10.96% | 1h | $3.30B | $84,475 |
 Pacifica | +10.96% | 1h | $41.8M | $84,499.506 |
 Backpack | +10.96% | 1h | $38.0M | $84,477.5 |
 Paradex | +10.96% | 8h | $7.0M | $84,525.4421 |
 grvt | +10.96% | 8h | $212.9M | $84,469.7748 |
 edgeX V2 | +10.96% | 4h | $276.6M | $84,448.9804 |
 Bullpen | +10.96% | 1h | $3.30B | $84,475 |
 Ondo | +10.96% | 1h | $3.5M | $84,479.4339 |
 BULK | +10.96% | 1h | $3.0M | $84,564.8005 |
 dreamcash | +10.96% | 1h | $3.30B | $84,475 |
 Ventuals | +10.96% | 1h | $3.30B | $84,475 |
 WOOFi Pro | +10.66% | 8h | $2.5M | $84,462 |
 Lighter | +10.52% | 1h | $182.0M | $84,475.2 |
 Lighter Robinhood | +10.52% | 1h | $24.5M | $84,468 |
 Phoenix | +10.36% | 1h | $2.0M | $84,583 |
| +10.01% | 1h | — | $78,851.8152 | |
 BingX | +8.22% | 8h | $909.7M | $84,456.7 |
 Bitget | +8.22% | 8h | $2.80B | $84,465.4 |
 StandX | +7.78% | 1h | $28.6M | $84,501.58 |
 Bullet | +7.77% | 1h | $173K | $84,460 |
 PopDEX | +7.36% | 1h | $8.7M | $84,464 |
 Variational | +4.75% | 8h | $161.3M | $84,436.955 |
 TxFlow | +3.15% | 1h | $8.7M | $84,458.9 |
 Gate.io | +3.07% | 8h | $5.12B | $84,452.14 |
 Pionex | +2.83% | 8h | $110.7M | $84,457.5686 |
 Polymarket | +2.07% | 1h | $11.2M | $84,461 |
 Aster | +1.55% | 8h | $498.4M | $84,460.8 |
 BloFin | +1.43% | 8h | $379.3M | $84,459.4 |
 CoinW | +1.41% | 8h | — | $84,454.9 |
 N1 | +0.88% | 1h | $270K | $84,485.2 |
 WEEX | +0.36% | 8h | $11.73B | $84,443.1 |
 Hotcoin | +0.35% | 8h | $608.8M | $84,453.3 |
 Binance Futures | +0.34% | 8h | $8.31B | $84,460.3816 |
 Toobit | +0.34% | 8h | $104.4M | $84,454.8 |
 LBank | +0.34% | 8h | — | $84,462.2 |
 KuCoin | +0.33% | 8h | $996.0M | $84,454.83 |
 MEXC | +0.33% | 8h | $4.77B | $84,462 |
 Perpl | +0.00% | 1h | $699K | $84,435.6 |
 SoDEX | -0.27% | 1h | $65.7M | $84,462 |
 BitMart | -0.44% | 8h | $140.8M | $84,492.7878 |
 Bybit | -0.45% | 8h | $5.01B | $84,462.7 |
 dYdX | -0.71% | 1h | $16.7M | $84,512.3744 |
 HTX | -0.80% | 8h | $2.19B | $84,462.35 |
 Bitunix | -1.01% | 8h | — | $84,454.9 |
 OKX | -1.09% | 8h | $2.48B | $84,458.7 |
 NADO | -2.66% | 1h | $21.9M | $84,458.55 |
 Extended | -15.78% | 1h | $47.7M | $84,451.4028 |
 ApeXBest Long | -27.44% | 1h | $133.2M | $84,464.89 |
BTC 资金费率的含义
资金费率数据更新于 2026-09-23 23:04 UTC
ORBIT 按交易所实时汇总 BTC 永续合约在 52 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 ApeX 的 -27.44% 到 Hibachi 的 +31.56% 不等。
BTC 当前最大的跨所资金费率价差为年化 59.0%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 ApeX 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 $60.69B，24 小时成交量 $109.83B，成交量加权标记价格 $84,459.9938。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？
- Hibachi，年化 +31.56%。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？
- ApeX 的 BTC 资金费率最低，为年化 -27.44%，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。
- BTC 最佳的资金费率套利组合是什么？
- 价差最大的组合是 ApeX 做多 / Hibachi 做空，扣除成本前约为年化 59.0%。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 -27.44% 到 +31.56%——正是这种分歧创造了跨所套利机会。