CBRS 永续合约资金费率 — 各交易所对比
CBRS Spectrum
CBRS 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，CBRS 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
+125.68%
Interval
8h
Open Interest
$5.5M
Mark Price
$169.87
+119.25%
Interval
1h
Open Interest
$10K
Mark Price
$170.43
+110.31%
Interval
1h
Open Interest
$2K
Mark Price
$168.93
+82.21%
Interval
8h
Open Interest
$2.9M
Mark Price
$170.18
+75.97%
Interval
8h
Open Interest
$3.0M
Mark Price
$170.41
+74.84%
Interval
8h
Open Interest
$2K
Mark Price
$170.494
+65.26%
Interval
8h
Open Interest
$163K
Mark Price
$169.85
+64.54%
Interval
8h
Open Interest
$2.0M
Mark Price
$169.3
+62.90%
Interval
8h
Open Interest
$100K
Mark Price
$169.79
+59.76%
Interval
8h
Open Interest
$424K
Mark Price
$169.9905
+58.48%
Interval
8h
Open Interest
—
Mark Price
$169.86
+58.40%
Interval
8h
Open Interest
$900K
Mark Price
$170.79
+58.05%
Interval
8h
Open Interest
$1.7M
Mark Price
$169.84
+58.05%
Interval
8h
Open Interest
$1.8M
Mark Price
$169.85
+58.05%
Interval
8h
Open Interest
$150K
Mark Price
$170.02
+55.64%
Interval
8h
Open Interest
$130K
Mark Price
$169.15
+52.67%
Interval
8h
Open Interest
—
Mark Price
$169.37
+52.55%
Interval
8h
Open Interest
$327K
Mark Price
$169.404
+36.03%
Interval
1h
Open Interest
$210K
Mark Price
$169.1593
+34.88%
Interval
1h
Open Interest
$84K
Mark Price
$169.86
+33.98%
Interval
8h
Open Interest
$20K
Mark Price
$170.735
+22.79%
Interval
1h
Open Interest
$82K
Mark Price
$169.06
+13.34%
Interval
1h
Open Interest
$563K
Mark Price
$168.785
+10.96%
Interval
8h
Open Interest
$1K
Mark Price
$170.41
+5.48%
Interval
1h
Open Interest
$17.9M
Mark Price
$169.73
+0.05%
Interval
1h
Open Interest
$25K
Mark Price
$171.54
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 BitgetBest Short | +125.68% | 8h | $5.5M | $169.87 |
 TxFlow | +119.25% | 1h | $10K | $170.43 |
 Crypto.com | +110.31% | 1h | $2K | $168.93 |
 Bybit | +82.21% | 8h | $2.9M | $170.18 |
 OKX | +75.97% | 8h | $3.0M | $170.41 |
 grvt | +74.84% | 8h | $2K | $170.494 |
 Aster | +65.26% | 8h | $163K | $169.85 |
 Gate.io | +64.54% | 8h | $2.0M | $169.3 |
 KuCoin | +62.90% | 8h | $100K | $169.79 |
 Pionex | +59.76% | 8h | $424K | $169.9905 |
 LBank | +58.48% | 8h | — | $169.86 |
 MEXC | +58.40% | 8h | $900K | $170.79 |
 Toobit | +58.05% | 8h | $1.7M | $169.84 |
 Hotcoin | +58.05% | 8h | $1.8M | $169.85 |
 WEEX | +58.05% | 8h | $150K | $170.02 |
 BloFin | +55.64% | 8h | $130K | $169.15 |
 Bitunix | +52.67% | 8h | — | $169.37 |
 Variational | +52.55% | 8h | $327K | $169.404 |
 Ondo | +36.03% | 1h | $210K | $169.1593 |
 Polymarket | +34.88% | 1h | $84K | $169.86 |
 HTX | +33.98% | 8h | $20K | $170.735 |
 Lighter | +22.79% | 1h | $82K | $169.06 |
 QFEX | +13.34% | 1h | $563K | $168.785 |
 WOOFi Pro | +10.96% | 8h | $1K | $170.41 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +5.48% | 1h | $17.9M | $169.73 |
 PhoenixBest Long | +0.05% | 1h | $25K | $171.54 |
CBRS 资金费率的含义
资金费率数据更新于 2026-10-01 19:57 UTC
ORBIT 按交易所实时汇总 CBRS（CBRS Spectrum） 代币化（RWA）永续合约在 26 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 CBRS 的年化资金费率从 Phoenix 的 +0.05% 到 Bitget 的 +125.68% 不等。
CBRS 当前最大的跨所资金费率价差为年化 125.6%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Phoenix 做多，在费率最高的 Bitget 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。
CBRS 在所跟踪的永续品种中持仓量排名第 157，各交易所合计持仓量 $37.9M，24 小时成交量 $80.5M，成交量加权标记价格 $169.8348。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 CBRS 资金费率最高？
- Bitget，年化 +125.68%。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，CBRS 应在哪家交易所做多？
- Phoenix 的 CBRS 资金费率最低，为年化 +0.05%，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。
- CBRS 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Phoenix 做多 / Bitget 做空，扣除成本前约为年化 125.6%。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。
- CBRS 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。
- CBRS 的资金费率目前是正还是负？
- 各交易所均为正（多头向空头支付），年化从 +0.05% 到 +125.68%。