ETH 永续合约资金费率 — 各交易所对比
ETH 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 ETH：做多 NADO / 做空 Lighter Robinhood → 扣除成本后一周 +$9.56（实际结算年化 9.9%）。
- 做多 NADO做空 Lighter Robinhood+$9.56每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +9.9%
- 稳定
- 73%
回本 3 天 - 做多 NADO做空 Arcus+$7.63每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +11.9%
- 稳定
- 78%
回本 4 天 - 做多 NADO做空 Variational+$7.31每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +9.5%
- 稳定
- 70%
回本 3 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
+48.93%
Interval
1h
Open Interest
$68K
Mark Price
$1,911.35
+13.49%
Interval
8h
Open Interest
$325.3M
Mark Price
$1,909.72
+11.40%
Interval
1h
Open Interest
$6.5M
Mark Price
$1,909.4449
+11.00%
Interval
1h
Open Interest
$276K
Mark Price
$1,913.2
+10.96%
Interval
1h
Open Interest
$13.2M
Mark Price
$1,911.4
+10.96%
Interval
8h
Open Interest
$5.5M
Mark Price
$1,909.46
+10.96%
Interval
1h
Open Interest
$2.2M
Mark Price
$1,911.78
+10.96%
Interval
8h
Open Interest
$88.6M
Mark Price
$1,909.73
+10.96%
Interval
4h
Open Interest
$67.3M
Mark Price
$1,909.472
+10.96%
Interval
1h
Open Interest
$2.0M
Mark Price
$1,909.4
+10.96%
Interval
1h
Open Interest
$268K
Mark Price
$1,911.3708
+10.96%
Interval
1h
Open Interest
$3.1M
Mark Price
$1,908.16
+10.96%
Interval
1h
Open Interest
$3.2M
Mark Price
$1,909.69
+10.96%
Interval
1h
Open Interest
$10.1M
Mark Price
$1,910.8
+10.96%
Interval
1h
Open Interest
$2.0M
Mark Price
$1,907.9985
+10.96%
Interval
1h
Open Interest
$5.0M
Mark Price
$1,911.5
+10.96%
Interval
1h
Open Interest
$8K
Mark Price
$1,910.11
+10.96%
Interval
1h
Open Interest
$78K
Mark Price
$1,908.5
+10.93%
Interval
8h
Open Interest
$325K
Mark Price
$1,910
+10.72%
Interval
1h
Open Interest
$74.3M
Mark Price
$1,911.9
+10.52%
Interval
1h
Open Interest
$68.8M
Mark Price
$1,910.51
+10.52%
Interval
1h
Open Interest
$13.1M
Mark Price
$1,911.82
+10.13%
Interval
8h
Open Interest
$172.3M
Mark Price
$1,910.3729
+10.01%
Interval
1h
Open Interest
$31K
Mark Price
$1,910.3974
+9.83%
Interval
1h
Open Interest
$8.5M
Mark Price
$1,909.68
+9.71%
Interval
1h
Open Interest
$4.8M
Mark Price
$1,908.865
+9.52%
Interval
1h
Open Interest
$339.4M
Mark Price
$1,909.88
+8.92%
Interval
8h
Open Interest
$206.0M
Mark Price
$1,911.75
+8.54%
Interval
1h
Open Interest
$42K
Mark Price
$1,908.6791
+8.44%
Interval
8h
Open Interest
$111.2M
Mark Price
$1,911.3701
+8.12%
Interval
8h
Open Interest
$69.4M
Mark Price
$1,910.935
+7.02%
Interval
8h
Open Interest
$45.1M
Mark Price
$1,910.982
+6.93%
Interval
8h
Open Interest
$4.44B
Mark Price
$1,911.1431
+6.93%
Interval
8h
Open Interest
—
Mark Price
$1,911.07
+6.86%
Interval
8h
Open Interest
—
Mark Price
$1,909.84
+6.72%
Interval
8h
Open Interest
$1.22B
Mark Price
$1,909.79
+6.72%
Interval
8h
Open Interest
$4.61B
Mark Price
$1,909.98
+6.68%
Interval
8h
Open Interest
$408.3M
Mark Price
$1,911.18
+6.68%
Interval
8h
Open Interest
$1.73B
Mark Price
$1,909.79
+6.32%
Interval
8h
Open Interest
$2.0M
Mark Price
$1,909.2939
+6.32%
Interval
8h
Open Interest
—
Mark Price
$1,911.17
+4.47%
Interval
8h
Open Interest
$1.48B
Mark Price
$1,911.26
+3.62%
Interval
8h
Open Interest
$199.6M
Mark Price
$1,911.02
+3.51%
Interval
8h
Open Interest
$1.51B
Mark Price
$1,911.26
+3.51%
Interval
8h
Open Interest
$320.2M
Mark Price
$1,910.23
+2.85%
Interval
8h
Open Interest
$730.5M
Mark Price
$1,911.15
-0.41%
Interval
1h
Open Interest
$8.4M
Mark Price
$1,909.8
-1.51%
Interval
1h
Open Interest
$1.34B
Mark Price
$1,911.6
-1.51%
Interval
1h
Open Interest
$1.34B
Mark Price
$1,911.6
-1.51%
Interval
1h
Open Interest
$1.34B
Mark Price
$1,911.6
-1.51%
Interval
1h
Open Interest
$1.34B
Mark Price
$1,911.6
-1.51%
Interval
1h
Open Interest
$1.34B
Mark Price
$1,911.6
-1.62%
Interval
1h
Open Interest
$1.34B
Mark Price
$1,910.2
-1.75%
Interval
1h
Open Interest
$126K
Mark Price
$1,909.1
-1.96%
Interval
8h
Open Interest
$1.35B
Mark Price
$1,910.42
-2.90%
Interval
1h
Open Interest
$4.8M
Mark Price
$1,910.335
-4.38%
Interval
1h
Open Interest
$117K
Mark Price
$1,911.2029
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 PerplBest Short | +48.93% | 1h | $68K | $1,911.35 |
 Hotcoin | +13.49% | 8h | $325.3M | $1,909.72 |
 Extended | +11.40% | 1h | $6.5M | $1,909.4449 |
 Phoenix | +11.00% | 1h | $276K | $1,913.2 |
 Pacifica | +10.96% | 1h | $13.2M | $1,911.4 |
 WOOFi Pro | +10.96% | 8h | $5.5M | $1,909.46 |
 ApeX | +10.96% | 1h | $2.2M | $1,911.78 |
 Variational | +10.96% | 8h | $88.6M | $1,909.73 |
 edgeX V2 | +10.96% | 4h | $67.3M | $1,909.472 |
 Ondo | +10.96% | 1h | $2.0M | $1,909.4 |
 Bullet | +10.96% | 1h | $268K | $1,911.3708 |
 TxFlow | +10.96% | 1h | $3.1M | $1,908.16 |
 Arcus | +10.96% | 1h | $3.2M | $1,909.69 |
 Polymarket | +10.96% | 1h | $10.1M | $1,910.8 |
 BULK | +10.96% | 1h | $2.0M | $1,907.9985 |
 PopDEX | +10.96% | 1h | $5.0M | $1,911.5 |
 Bluefin | +10.96% | 1h | $8K | $1,910.11 |
 Decibel | +10.96% | 1h | $78K | $1,908.5 |
 Katana Perps | +10.93% | 8h | $325K | $1,910 |
 SoDEX | +10.72% | 1h | $74.3M | $1,911.9 |
 Lighter | +10.52% | 1h | $68.8M | $1,910.51 |
 Lighter Robinhood | +10.52% | 1h | $13.1M | $1,911.82 |
 Aster | +10.13% | 8h | $172.3M | $1,910.3729 |
 Meridian | +10.01% | 1h | $31K | $1,910.3974 |
 Backpack | +9.83% | 1h | $8.5M | $1,909.68 |
 RiseX | +9.71% | 1h | $4.8M | $1,908.865 |
 Crypto.com | +9.52% | 1h | $339.4M | $1,909.88 |
 BloFin | +8.92% | 8h | $206.0M | $1,911.75 |
 Aftermath | +8.54% | 1h | $42K | $1,908.6791 |
 grvt | +8.44% | 8h | $111.2M | $1,911.3701 |
 HTX | +8.12% | 8h | $69.4M | $1,910.935 |
 Pionex | +7.02% | 8h | $45.1M | $1,910.982 |
 Binance Futures | +6.93% | 8h | $4.44B | $1,911.1431 |
 LBank | +6.93% | 8h | — | $1,911.07 |
 CoinW | +6.86% | 8h | — | $1,909.84 |
 Toobit | +6.72% | 8h | $1.22B | $1,909.79 |
 WEEX | +6.72% | 8h | $4.61B | $1,909.98 |
 BingX | +6.68% | 8h | $408.3M | $1,911.18 |
 MEXC | +6.68% | 8h | $1.73B | $1,909.79 |
 Paradex | +6.32% | 8h | $2.0M | $1,909.2939 |
 Bitunix | +6.32% | 8h | — | $1,911.17 |
 Bybit | +4.47% | 8h | $1.48B | $1,911.26 |
 Phemex | +3.62% | 8h | $199.6M | $1,911.02 |
 Bitget | +3.51% | 8h | $1.51B | $1,911.26 |
 KuCoin | +3.51% | 8h | $320.2M | $1,910.23 |
 Gate.io | +2.85% | 8h | $730.5M | $1,911.15 |
 dYdX | -0.41% | 1h | $8.4M | $1,909.8 |
 Hyperliquid | -1.51% | 1h | $1.34B | $1,911.6 |
 dreamcash | -1.51% | 1h | $1.34B | $1,911.6 |
 Ventuals | -1.51% | 1h | $1.34B | $1,911.6 |
 Kinetiq | -1.51% | 1h | $1.34B | $1,911.6 |
 Entropy | -1.51% | 1h | $1.34B | $1,911.6 |
 Bullpen | -1.62% | 1h | $1.34B | $1,910.2 |
 N1 | -1.75% | 1h | $126K | $1,909.1 |
 OKX | -1.96% | 8h | $1.35B | $1,910.42 |
 NADO | -2.90% | 1h | $4.8M | $1,910.335 |
 HibachiBest Long | -4.38% | 1h | $117K | $1,911.2029 |
ETH 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 ETH 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 ETH 的年化资金费率从 Hibachi 的 -4.38% 到 Perpl 的 +48.93% 不等。
ETH 当前最大的跨所资金费率价差为年化 53.3%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Hibachi 做多，在费率最高的 Perpl 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。
ETH 在所跟踪的永续品种中持仓量排名第 2，各交易所合计持仓量 $27.68B，24 小时成交量 $46.83B，成交量加权标记价格 $1,910.7933。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 ETH 资金费率最高？
- Perpl，年化 +48.93%。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，ETH 应在哪家交易所做多？
- Hibachi 的 ETH 资金费率最低，为年化 -4.38%，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。
- ETH 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Hibachi 做多 / Perpl 做空，扣除成本前约为年化 53.3%。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。
- ETH 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。
- ETH 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -4.38% 到 +48.93%——正是这种分歧创造了跨所套利机会。