ENA 永续合约资金费率 — 各交易所对比
Ethena
ENA 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 ENA：做多 OKX / 做空 Lighter → 扣除成本后一周 +$5.13（实际结算年化 9.1%）。
- 做多 OKX做空 Lighter+$5.13每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +9.1%
- 稳定
- 67%
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
+10.96%
Interval
4h
Open Interest
$134K
Mark Price
$0.1273
+10.96%
Interval
1h
Open Interest
$11K
Mark Price
$0.1273
+10.96%
Interval
4h
Open Interest
$139K
Mark Price
$0.1271
+10.96%
Interval
1h
Open Interest
$69K
Mark Price
$0.1271
+10.96%
Interval
1h
Open Interest
$1K
Mark Price
$0.1273
+10.96%
Interval
1h
Open Interest
$11K
Mark Price
$0.1272
+10.96%
Interval
1h
Open Interest
$110K
Mark Price
$0.127
+10.96%
Interval
1h
Open Interest
$124K
Mark Price
$0.1272
+10.96%
Interval
1h
Open Interest
$114K
Mark Price
$0.1272
+10.96%
Interval
4h
Open Interest
$1.9M
Mark Price
$0.1272
+10.52%
Interval
1h
Open Interest
$1.3M
Mark Price
$0.1271
+10.52%
Interval
1h
Open Interest
$32K
Mark Price
$0.1273
+10.01%
Interval
1h
Open Interest
$1K
Mark Price
$0.1272
+8.77%
Interval
8h
Open Interest
$8K
Mark Price
$0.127
+8.77%
Interval
1h
Open Interest
$237K
Mark Price
$0.1271
+8.28%
Interval
1h
Open Interest
$45K
Mark Price
$0.1272
+7.92%
Interval
4h
Open Interest
$364K
Mark Price
$0.1272
+7.10%
Interval
4h
Open Interest
$2.7M
Mark Price
$0.1272
+6.82%
Interval
1h
Open Interest
$2K
Mark Price
$0.1285
+6.40%
Interval
1h
Open Interest
$67K
Mark Price
$0.1272
+6.18%
Interval
4h
Open Interest
$421K
Mark Price
$0.1272
+5.71%
Interval
4h
Open Interest
$4.9M
Mark Price
$0.1272
+5.57%
Interval
4h
Open Interest
$1.4M
Mark Price
$0.1271
+4.90%
Interval
4h
Open Interest
$65.2M
Mark Price
$0.1272
+4.87%
Interval
4h
Open Interest
—
Mark Price
$0.1271
+4.84%
Interval
4h
Open Interest
$8.9M
Mark Price
$0.1272
+4.84%
Interval
4h
Open Interest
$4.7M
Mark Price
$0.1272
+4.82%
Interval
4h
Open Interest
$6.0M
Mark Price
$0.1272
+4.82%
Interval
4h
Open Interest
$31.1M
Mark Price
$0.1272
+4.82%
Interval
4h
Open Interest
—
Mark Price
$0.1272
+4.80%
Interval
4h
Open Interest
—
Mark Price
$0.1271
+2.63%
Interval
4h
Open Interest
$27.6M
Mark Price
$0.1272
+2.62%
Interval
1h
Open Interest
$137K
Mark Price
$0.1271
+2.52%
Interval
1h
Open Interest
$172K
Mark Price
$0.1271
-1.31%
Interval
4h
Open Interest
$214K
Mark Price
$0.1273
-3.05%
Interval
4h
Open Interest
$19K
Mark Price
$0.1272
-5.70%
Interval
4h
Open Interest
$11.8M
Mark Price
$0.1272
-10.88%
Interval
8h
Open Interest
$10.4M
Mark Price
$0.1271
-11.41%
Interval
1h
Open Interest
$42.5M
Mark Price
$0.1271
-11.48%
Interval
1h
Open Interest
$42.5M
Mark Price
$0.1272
-11.48%
Interval
1h
Open Interest
$42.5M
Mark Price
$0.1272
-11.48%
Interval
1h
Open Interest
$42.5M
Mark Price
$0.1272
-11.48%
Interval
1h
Open Interest
$42.5M
Mark Price
$0.1272
-11.48%
Interval
1h
Open Interest
$42.5M
Mark Price
$0.1272
-17.53%
Interval
4h
Open Interest
$27.6M
Mark Price
$0.1273
-17.88%
Interval
4h
Open Interest
$44.9M
Mark Price
$0.1272
-32.43%
Interval
1h
Open Interest
$3K
Mark Price
$0.127
-42.29%
Interval
1h
Open Interest
$73K
Mark Price
$0.1271
-43.14%
Interval
1h
Open Interest
$243K
Mark Price
$0.1272
-46.06%
Interval
1h
Open Interest
$30K
Mark Price
$0.127
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 HTXBest Short | +10.96% | 4h | $134K | $0.1273 |
 ApeX | +10.96% | 1h | $11K | $0.1273 |
 edgeX V2 | +10.96% | 4h | $139K | $0.1271 |
 Ondo | +10.96% | 1h | $69K | $0.1271 |
 SoDEX | +10.96% | 1h | $1K | $0.1273 |
 Bullet | +10.96% | 1h | $11K | $0.1272 |
 Arcus | +10.96% | 1h | $110K | $0.127 |
 Polymarket | +10.96% | 1h | $124K | $0.1272 |
 PopDEX | +10.96% | 1h | $114K | $0.1272 |
 Phemex | +10.96% | 4h | $1.9M | $0.1272 |
 Lighter | +10.52% | 1h | $1.3M | $0.1271 |
 Lighter Robinhood | +10.52% | 1h | $32K | $0.1273 |
 Meridian | +10.01% | 1h | $1K | $0.1272 |
 Paradex | +8.77% | 8h | $8K | $0.127 |
 Extended | +8.77% | 1h | $237K | $0.1271 |
 Pacifica | +8.28% | 1h | $45K | $0.1272 |
 Aster | +7.92% | 4h | $364K | $0.1272 |
 BloFin | +7.10% | 4h | $2.7M | $0.1272 |
 Phoenix | +6.82% | 1h | $2K | $0.1285 |
 RiseX | +6.40% | 1h | $67K | $0.1272 |
 Pionex | +6.18% | 4h | $421K | $0.1272 |
 Hotcoin | +5.71% | 4h | $4.9M | $0.1272 |
 Variational | +5.57% | 4h | $1.4M | $0.1271 |
 Binance Futures | +4.90% | 4h | $65.2M | $0.1272 |
 CoinW | +4.87% | 4h | — | $0.1271 |
 Toobit | +4.84% | 4h | $8.9M | $0.1272 |
 WEEX | +4.84% | 4h | $4.7M | $0.1272 |
 BingX | +4.82% | 4h | $6.0M | $0.1272 |
 MEXC | +4.82% | 4h | $31.1M | $0.1272 |
 LBank | +4.82% | 4h | — | $0.1272 |
 Bitunix | +4.80% | 4h | — | $0.1271 |
 Gate.io | +2.63% | 4h | $27.6M | $0.1272 |
 NADO | +2.62% | 1h | $137K | $0.1271 |
 TxFlow | +2.52% | 1h | $172K | $0.1271 |
 grvt | -1.31% | 4h | $214K | $0.1273 |
 WOOFi Pro | -3.05% | 4h | $19K | $0.1272 |
 KuCoin | -5.70% | 4h | $11.8M | $0.1272 |
 OKX | -10.88% | 8h | $10.4M | $0.1271 |
 Bullpen | -11.41% | 1h | $42.5M | $0.1271 |
 Hyperliquid | -11.48% | 1h | $42.5M | $0.1272 |
 dreamcash | -11.48% | 1h | $42.5M | $0.1272 |
 Ventuals | -11.48% | 1h | $42.5M | $0.1272 |
 Kinetiq | -11.48% | 1h | $42.5M | $0.1272 |
 Entropy | -11.48% | 1h | $42.5M | $0.1272 |
 Bitget | -17.53% | 4h | $27.6M | $0.1273 |
 Bybit | -17.88% | 4h | $44.9M | $0.1272 |
 N1 | -32.43% | 1h | $3K | $0.127 |
 Crypto.com | -42.29% | 1h | $73K | $0.1271 |
 Backpack | -43.14% | 1h | $243K | $0.1272 |
 DecibelBest Long | -46.06% | 1h | $30K | $0.127 |
ENA 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 ENA（Ethena） 永续合约在 50 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 ENA 的年化资金费率从 Decibel 的 -46.06% 到 HTX 的 +10.96% 不等。
ENA 当前最大的跨所资金费率价差为年化 57.0%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Decibel 做多，在费率最高的 HTX 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。
ENA 在所跟踪的永续品种中持仓量排名第 35，各交易所合计持仓量 $508.2M，24 小时成交量 $591.6M，成交量加权标记价格 $0.1272。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 ENA 资金费率最高？
- HTX，年化 +10.96%。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，ENA 应在哪家交易所做多？
- Decibel 的 ENA 资金费率最低，为年化 -46.06%，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。
- ENA 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 / HTX 做空，扣除成本前约为年化 57.0%。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。
- ENA 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。
- ENA 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -46.06% 到 +10.96%——正是这种分歧创造了跨所套利机会。