MSTR 永续合约资金费率 — 各交易所对比
MicroStrategy
Funding Rates by Exchange
+130.64%
Interval
1h
Open Interest
$309K
Mark Price
$163.125
+55.70%
Interval
8h
Open Interest
$1.0M
Mark Price
$163.05
+49.63%
Interval
8h
Open Interest
$5.7M
Mark Price
$162.9955
+48.41%
Interval
8h
Open Interest
$15.8M
Mark Price
$163.07
+46.35%
Interval
8h
Open Interest
$92K
Mark Price
$163.04
+43.00%
Interval
8h
Open Interest
$142K
Mark Price
$162.81
+42.84%
Interval
8h
Open Interest
$15.7M
Mark Price
$162.8
+42.76%
Interval
8h
Open Interest
$12.9M
Mark Price
$162.92
+42.76%
Interval
8h
Open Interest
—
Mark Price
$163.07
+42.76%
Interval
8h
Open Interest
—
Mark Price
$163.02
+42.41%
Interval
8h
Open Interest
$32.0M
Mark Price
$162.8
+36.13%
Interval
8h
Open Interest
$20.2M
Mark Price
$162.84
+33.06%
Interval
8h
Open Interest
$1.2M
Mark Price
$163.0455
+32.43%
Interval
1h
Open Interest
$3.5M
Mark Price
$163.05
+32.23%
Interval
8h
Open Interest
$737K
Mark Price
$163.0473
+25.23%
Interval
1h
Open Interest
$11K
Mark Price
$163
+22.98%
Interval
8h
Open Interest
—
Mark Price
$162.84
+22.35%
Interval
8h
Open Interest
$2.5M
Mark Price
$162.85
+21.39%
Interval
1h
Open Interest
$52.4M
Mark Price
$163.06
+21.14%
Interval
8h
Open Interest
$0K
Mark Price
$163.0213
+20.83%
Interval
8h
Open Interest
—
Mark Price
$163
+13.87%
Interval
8h
Open Interest
$120K
Mark Price
$163.04
+10.96%
Interval
1h
Open Interest
$91K
Mark Price
$163.028
+10.96%
Interval
8h
Open Interest
$4K
Mark Price
$163.01
+8.85%
Interval
1h
Open Interest
$202K
Mark Price
$162.9711
+5.52%
Interval
1h
Open Interest
$814K
Mark Price
$162.9113
+5.52%
Interval
1h
Open Interest
$22K
Mark Price
$163.08
+5.48%
Interval
1h
Open Interest
$43K
Mark Price
$163.05
+5.48%
Interval
1h
Open Interest
$393K
Mark Price
$163.03
+4.46%
Interval
1h
Open Interest
$1.4M
Mark Price
$162.92
+4.43%
Interval
1h
Open Interest
$13K
Mark Price
$163
+0.36%
Interval
1h
Open Interest
$53K
Mark Price
$163.054
+0.00%
Interval
8h
Open Interest
$2.8M
Mark Price
$163.01
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 RiseXBest Short | +130.64% | 1h | $309K | $163.125 |
 BloFin | +55.70% | 8h | $1.0M | $163.05 |
 Pionex | +49.63% | 8h | $5.7M | $162.9955 |
 Bybit | +48.41% | 8h | $15.8M | $163.07 |
 grvt | +46.35% | 8h | $92K | $163.04 |
 Toobit | +43.00% | 8h | $142K | $162.81 |
 MEXC | +42.84% | 8h | $15.7M | $162.8 |
 Hotcoin | +42.76% | 8h | $12.9M | $162.92 |
 WEEX | +42.76% | 8h | — | $163.07 |
 LBank | +42.76% | 8h | — | $163.02 |
 Bitget | +42.41% | 8h | $32.0M | $162.8 |
 OKX | +36.13% | 8h | $20.2M | $162.84 |
 Variational | +33.06% | 8h | $1.2M | $163.0455 |
 Lighter | +32.43% | 1h | $3.5M | $163.05 |
 Aster | +32.23% | 8h | $737K | $163.0473 |
 TxFlow | +25.23% | 1h | $11K | $163 |
 Bitunix | +22.98% | 8h | — | $162.84 |
 KuCoin | +22.35% | 8h | $2.5M | $162.85 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +21.39% | 1h | $52.4M | $163.06 |
 Paradex | +21.14% | 8h | $0K | $163.0213 |
 CoinW | +20.83% | 8h | — | $163 |
 HTX | +13.87% | 8h | $120K | $163.04 |
 Pacifica | +10.96% | 1h | $91K | $163.028 |
 WOOFi Pro | +10.96% | 8h | $4K | $163.01 |
 NADO | +8.85% | 1h | $202K | $162.9711 |
 Ondo | +5.52% | 1h | $814K | $162.9113 |
 PopDEX | +5.52% | 1h | $22K | $163.08 |
 SoDEX | +5.48% | 1h | $43K | $163.05 |
 Polymarket | +5.48% | 1h | $393K | $163.03 |
 QFEX | +4.46% | 1h | $1.4M | $162.92 |
 Arcus | +4.43% | 1h | $13K | $163 |
 Phoenix | +0.36% | 1h | $53K | $163.054 |
 Gate.ioBest Long | +0.00% | 8h | $2.8M | $163.01 |
MSTR 资金费率的含义
资金费率数据更新于 2026-09-23 23:02 UTC
ORBIT 按交易所实时汇总 MSTR（MicroStrategy） 代币化（RWA）永续合约在 33 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 MSTR 的年化资金费率从 Gate.io 的 +0.00% 到 RiseX 的 +130.64% 不等。
MSTR 当前最大的跨所资金费率价差为年化 130.6%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Gate.io 做多，在费率最高的 RiseX 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。
MSTR 在所跟踪的永续品种中持仓量排名第 61，各交易所合计持仓量 $170.0M，24 小时成交量 $541.8M，成交量加权标记价格 $162.9427。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 MSTR 资金费率最高？
- RiseX，年化 +130.64%。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，MSTR 应在哪家交易所做多？
- Gate.io 的 MSTR 资金费率最低，为年化 +0.00%，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。
- MSTR 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Gate.io 做多 / RiseX 做空，扣除成本前约为年化 130.6%。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。
- MSTR 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。
- MSTR 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 +0.00% 到 +130.64%——正是这种分歧创造了跨所套利机会。