MSTR 永续合约资金费率 — 各交易所对比
MicroStrategy
MSTR 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 MSTR:做多 Variational / 做空 HTX → 扣除成本后一周 +$21.31(实际结算年化 17.4%)。
- 做多 Variational做空 HTX+$21.31每周($10k), 扣除成本后
- 实际结算,7 天均值
- +17.4%
- 稳定
- 73%
回本 2 天 - 做多 Variational做空 Lighter+$19.22每周($10k), 扣除成本后
- 实际结算,7 天均值
- +12.7%
- 稳定
- 65%
回本 无法回本 - 做多 Aster做空 Lighter+$12.62每周($10k), 扣除成本后
- 实际结算,7 天均值
- +13.0%
- 稳定
- 60%
回本 2 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
+34.12%
Interval
4h
Open Interest
$55K
Mark Price
$107.5253
+23.93%
Interval
1h
Open Interest
$604K
Mark Price
$107.3464
+19.41%
Interval
8h
Open Interest
$0K
Mark Price
$107.4774
+11.55%
Interval
1h
Open Interest
$32.7M
Mark Price
$107.4
+10.96%
Interval
1h
Open Interest
$85K
Mark Price
$107.493
+10.96%
Interval
1h
Open Interest
$30K
Mark Price
$107.5
+10.96%
Interval
1h
Open Interest
$25K
Mark Price
$107.53
+10.96%
Interval
1h
Open Interest
$91K
Mark Price
$107.515
+8.94%
Interval
1h
Open Interest
$243K
Mark Price
$107.472
+5.77%
Interval
8h
Open Interest
$18.4M
Mark Price
$107.58
+5.52%
Interval
1h
Open Interest
$22K
Mark Price
$107.55
+5.48%
Interval
1h
Open Interest
$0K
Mark Price
$107.49
+5.14%
Interval
8h
Open Interest
$15K
Mark Price
$107.46
+5.01%
Interval
1h
Open Interest
$29K
Mark Price
$107.3
+4.89%
Interval
1h
Open Interest
$67K
Mark Price
$107.478
+4.16%
Interval
1h
Open Interest
$184K
Mark Price
$107.32
+3.51%
Interval
1h
Open Interest
$772K
Mark Price
$107.46
+3.21%
Interval
1h
Open Interest
$23K
Mark Price
$107.47
+2.41%
Interval
8h
Open Interest
$3.4M
Mark Price
$107.5692
+0.00%
Interval
8h
Open Interest
$64.2M
Mark Price
$107.56
+0.00%
Interval
8h
Open Interest
$16.9M
Mark Price
$107.57
+0.00%
Interval
8h
Open Interest
$22.2M
Mark Price
$107.59
+0.00%
Interval
8h
Open Interest
$2.7M
Mark Price
$107.61
+0.00%
Interval
8h
Open Interest
$19.2M
Mark Price
$107.57
+0.00%
Interval
8h
Open Interest
$846K
Mark Price
$107.625
+0.00%
Interval
8h
Open Interest
$3.2M
Mark Price
$107.53
+0.00%
Interval
8h
Open Interest
$7.8M
Mark Price
$107.61
+0.00%
Interval
8h
Open Interest
$746K
Mark Price
$107.5127
+0.00%
Interval
8h
Open Interest
$105K
Mark Price
$107.59
+0.00%
Interval
8h
Open Interest
$1.5M
Mark Price
$107.513
+0.00%
Interval
1h
Open Interest
$83K
Mark Price
$107.645
+0.00%
Interval
8h
Open Interest
$32.9M
Mark Price
$107.52
+0.00%
Interval
8h
Open Interest
—
Mark Price
$107.58
+0.00%
Interval
8h
Open Interest
—
Mark Price
$107.55
+0.00%
Interval
1h
Open Interest
$728K
Mark Price
$107.4265
+0.00%
Interval
4h
Open Interest
$1.4M
Mark Price
$107.54
-0.11%
Interval
8h
Open Interest
$8.5M
Mark Price
$107.58
-0.89%
Interval
8h
Open Interest
—
Mark Price
$107.58
-1.58%
Interval
1h
Open Interest
$79K
Mark Price
$107.57
-11.70%
Interval
8h
Open Interest
—
Mark Price
$107.57
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +34.12% | 4h | $55K | $107.5253 | |
| +23.93% | 1h | $604K | $107.3464 | |
| +19.41% | 8h | $0K | $107.4774 | |
| +11.55% | 1h | $32.7M | $107.4 | |
| +10.96% | 1h | $85K | $107.493 | |
| +10.96% | 1h | $30K | $107.5 | |
| +10.96% | 1h | $25K | $107.53 | |
| +10.96% | 1h | $91K | $107.515 | |
| +8.94% | 1h | $243K | $107.472 | |
| +5.77% | 8h | $18.4M | $107.58 | |
| +5.52% | 1h | $22K | $107.55 | |
| +5.48% | 1h | $0K | $107.49 | |
| +5.14% | 8h | $15K | $107.46 | |
| +5.01% | 1h | $29K | $107.3 | |
| +4.89% | 1h | $67K | $107.478 | |
| +4.16% | 1h | $184K | $107.32 | |
| +3.51% | 1h | $772K | $107.46 | |
| +3.21% | 1h | $23K | $107.47 | |
| +2.41% | 8h | $3.4M | $107.5692 | |
| +0.00% | 8h | $64.2M | $107.56 | |
| +0.00% | 8h | $16.9M | $107.57 | |
| +0.00% | 8h | $22.2M | $107.59 | |
| +0.00% | 8h | $2.7M | $107.61 | |
| +0.00% | 8h | $19.2M | $107.57 | |
| +0.00% | 8h | $846K | $107.625 | |
| +0.00% | 8h | $3.2M | $107.53 | |
| +0.00% | 8h | $7.8M | $107.61 | |
| +0.00% | 8h | $746K | $107.5127 | |
| +0.00% | 8h | $105K | $107.59 | |
| +0.00% | 8h | $1.5M | $107.513 | |
| +0.00% | 1h | $83K | $107.645 | |
| +0.00% | 8h | $32.9M | $107.52 | |
| +0.00% | 8h | — | $107.58 | |
| +0.00% | 8h | — | $107.55 | |
| +0.00% | 1h | $728K | $107.4265 | |
| +0.00% | 4h | $1.4M | $107.54 | |
| -0.11% | 8h | $8.5M | $107.58 | |
| -0.89% | 8h | — | $107.58 | |
| -1.58% | 1h | $79K | $107.57 | |
| -11.70% | 8h | — | $107.57 |
MSTR 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 MSTR(MicroStrategy) 代币化(RWA)永续合约在 40 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 WEEX 的 -11.70% 到 edgeX V2 的 +34.12% 不等。
MSTR 当前最大的跨所资金费率价差为年化 45.8%。德尔塔中性的跨所套利正是赚取这一差额:在费率最低的 WEEX 做多,在费率最高的 edgeX V2 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 51,各交易所合计持仓量 $239.9M,24 小时成交量 $572.8M,成交量加权标记价格 $107.5392。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?
- edgeX V2,年化 +34.12%。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?
- WEEX 的 MSTR 资金费率最低,为年化 -11.70%,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 WEEX 做多 / edgeX V2 做空,扣除成本前约为年化 45.8%。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、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。
- MSTR 的资金费率目前是正还是负?
- 各交易所正负不一,年化从 -11.70% 到 +34.12%——正是这种分歧创造了跨所套利机会。