MERL 永续合约资金费率 — 各交易所对比
Merlin Chain
Best Spread
753.6% APR
Long (Lowest)
Short (Highest)
Mark Price
$0.0318
Total OI
$20.1M
24h Volume
$29.6M
MERL 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,MERL 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
+760.89%
Interval
1h
Open Interest
$3K
Mark Price
$0.032
+14.77%
Interval
4h
Open Interest
$140K
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$2.1M
Mark Price
$0.0318
+10.96%
Interval
8h
Open Interest
$1.3M
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$1.4M
Mark Price
$0.0318
+10.96%
Interval
1h
Open Interest
$299K
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$976K
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$1.9M
Mark Price
$0.0319
+10.96%
Interval
8h
Open Interest
$166K
Mark Price
$0.0317
+10.96%
Interval
4h
Open Interest
$991K
Mark Price
$0.0317
+10.96%
Interval
4h
Open Interest
$2.7M
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$4K
Mark Price
$0.0319
+10.96%
Interval
8h
Open Interest
$30K
Mark Price
$0.0317
+10.96%
Interval
4h
Open Interest
$280K
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
—
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$7.2M
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
$11K
Mark Price
$0.0318
+10.96%
Interval
4h
Open Interest
—
Mark Price
$0.0318
+10.96%
Interval
1h
Open Interest
$299K
Mark Price
$0.0318
+10.96%
Interval
1h
Open Interest
$299K
Mark Price
$0.0318
+7.32%
Interval
4h
Open Interest
$5K
Mark Price
$0.0317
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +760.89% | 1h | $3K | $0.032 | |
| +14.77% | 4h | $140K | $0.0318 | |
| +10.96% | 4h | $2.1M | $0.0318 | |
| +10.96% | 8h | $1.3M | $0.0318 | |
| +10.96% | 4h | $1.4M | $0.0318 | |
| +10.96% | 1h | $299K | $0.0318 | |
| +10.96% | 4h | $976K | $0.0318 | |
| +10.96% | 4h | $1.9M | $0.0319 | |
| +10.96% | 8h | $166K | $0.0317 | |
| +10.96% | 4h | $991K | $0.0317 | |
| +10.96% | 4h | $2.7M | $0.0318 | |
| +10.96% | 4h | $4K | $0.0319 | |
| +10.96% | 8h | $30K | $0.0317 | |
| +10.96% | 4h | $280K | $0.0318 | |
| +10.96% | 4h | — | $0.0318 | |
| +10.96% | 4h | $7.2M | $0.0318 | |
| +10.96% | 4h | $11K | $0.0318 | |
| +10.96% | 4h | — | $0.0318 | |
| +10.96% | 1h | $299K | $0.0318 | |
| +10.96% | 1h | $299K | $0.0318 | |
| +7.32% | 4h | $5K | $0.0317 |
MERL 资金费率的含义
资金费率数据更新于 2026-10-01 08:41 UTC
ORBIT 按交易所实时汇总 MERL(Merlin Chain) 永续合约在 21 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 MERL 的年化资金费率从 WOOFi Pro 的 +7.32% 到 Coinbase International 的 +760.89% 不等。
MERL 当前最大的跨所资金费率价差为年化 753.6%。德尔塔中性的跨所套利正是赚取这一差额:在费率最低的 WOOFi Pro 做多,在费率最高的 Coinbase International 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。
MERL 在所跟踪的永续品种中持仓量排名第 270,各交易所合计持仓量 $20.1M,24 小时成交量 $29.6M,成交量加权标记价格 $0.0318。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 MERL 资金费率最高?
- Coinbase International,年化 +760.89%。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,MERL 应在哪家交易所做多?
- WOOFi Pro 的 MERL 资金费率最低,为年化 +7.32%,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。
- MERL 最佳的资金费率套利组合是什么?
- 价差最大的组合是 WOOFi Pro 做多 / Coinbase International 做空,扣除成本前约为年化 753.6%。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。
- MERL 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。
- MERL 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 +7.32% 到 +760.89%。