OP 永续合约资金费率 — 各交易所对比
Funding Rates by Exchange
+52.27%
Interval
1h
Open Interest
$1K
Mark Price
$0.123
+10.96%
Interval
8h
Open Interest
$171K
Mark Price
$0.1231
+10.96%
Interval
8h
Open Interest
$208K
Mark Price
$0.1231
+10.96%
Interval
1h
Open Interest
$55K
Mark Price
$0.1232
+10.96%
Interval
4h
Open Interest
$4K
Mark Price
$0.123
+10.96%
Interval
1h
Open Interest
$0K
Mark Price
$0.1231
+10.52%
Interval
1h
Open Interest
$261K
Mark Price
$0.1231
+8.44%
Interval
8h
Open Interest
$5.5M
Mark Price
$0.1227
+7.78%
Interval
8h
Open Interest
$6.3M
Mark Price
$0.1228
+2.63%
Interval
8h
Open Interest
$302K
Mark Price
$0.123
+2.37%
Interval
8h
Open Interest
$11K
Mark Price
$0.1231
+2.30%
Interval
8h
Open Interest
$2.5M
Mark Price
$0.1228
+0.00%
Interval
1h
Open Interest
$39K
Mark Price
$0.1232
-0.85%
Interval
8h
Open Interest
$977K
Mark Price
$0.1231
-1.57%
Interval
1h
Open Interest
$3.6M
Mark Price
$0.1225
-1.57%
Interval
1h
Open Interest
$3.6M
Mark Price
$0.1225
-1.57%
Interval
1h
Open Interest
$3.6M
Mark Price
$0.1225
-4.77%
Interval
8h
Open Interest
—
Mark Price
$0.123
-7.47%
Interval
1h
Open Interest
$3.7M
Mark Price
$0.1231
-9.72%
Interval
8h
Open Interest
$92K
Mark Price
$0.1231
-10.97%
Interval
8h
Open Interest
—
Mark Price
$0.1228
-14.03%
Interval
1h
Open Interest
$104K
Mark Price
$0.1229
-14.24%
Interval
8h
Open Interest
$18.4M
Mark Price
$0.1228
-14.28%
Interval
8h
Open Interest
$25.5M
Mark Price
$0.1232
-14.28%
Interval
8h
Open Interest
$1.4M
Mark Price
$0.1229
-14.28%
Interval
8h
Open Interest
$5.7M
Mark Price
$0.123
-14.28%
Interval
8h
Open Interest
—
Mark Price
$0.1231
-14.47%
Interval
8h
Open Interest
$18.4M
Mark Price
$0.1228
-14.47%
Interval
8h
Open Interest
$91K
Mark Price
$0.1228
-21.56%
Interval
8h
Open Interest
$5.5M
Mark Price
$0.1228
-34.38%
Interval
1h
Open Interest
$2K
Mark Price
$0.1229
-39.23%
Interval
8h
Open Interest
$1.7M
Mark Price
$0.1231
-58.04%
Interval
8h
Open Interest
$18.3M
Mark Price
$0.123
-58.05%
Interval
8h
Open Interest
$154K
Mark Price
$0.123
-153.98%
Interval
1h
Open Interest
$72K
Mark Price
$0.1231
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +52.27% | 1h | $1K | $0.123 | |
| +10.96% | 8h | $171K | $0.1231 | |
| +10.96% | 8h | $208K | $0.1231 | |
| +10.96% | 1h | $55K | $0.1232 | |
| +10.96% | 4h | $4K | $0.123 | |
| +10.96% | 1h | $0K | $0.1231 | |
| +10.52% | 1h | $261K | $0.1231 | |
| +8.44% | 8h | $5.5M | $0.1227 | |
| +7.78% | 8h | $6.3M | $0.1228 | |
| +2.63% | 8h | $302K | $0.123 | |
| +2.37% | 8h | $11K | $0.1231 | |
| +2.30% | 8h | $2.5M | $0.1228 | |
| +0.00% | 1h | $39K | $0.1232 | |
| -0.85% | 8h | $977K | $0.1231 | |
| -1.57% | 1h | $3.6M | $0.1225 | |
| -1.57% | 1h | $3.6M | $0.1225 | |
| -1.57% | 1h | $3.6M | $0.1225 | |
| -4.77% | 8h | — | $0.123 | |
| -7.47% | 1h | $3.7M | $0.1231 | |
| -9.72% | 8h | $92K | $0.1231 | |
| -10.97% | 8h | — | $0.1228 | |
| -14.03% | 1h | $104K | $0.1229 | |
| -14.24% | 8h | $18.4M | $0.1228 | |
| -14.28% | 8h | $25.5M | $0.1232 | |
| -14.28% | 8h | $1.4M | $0.1229 | |
| -14.28% | 8h | $5.7M | $0.123 | |
| -14.28% | 8h | — | $0.1231 | |
| -14.47% | 8h | $18.4M | $0.1228 | |
| -14.47% | 8h | $91K | $0.1228 | |
| -21.56% | 8h | $5.5M | $0.1228 | |
| -34.38% | 1h | $2K | $0.1229 | |
| -39.23% | 8h | $1.7M | $0.1231 | |
| -58.04% | 8h | $18.3M | $0.123 | |
| -58.05% | 8h | $154K | $0.123 | |
| -153.98% | 1h | $72K | $0.1231 |
OP 资金费率的含义
资金费率数据更新于 2026-09-23 23:03 UTC
ORBIT 按交易所实时汇总 OP 永续合约在 35 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 OP 的年化资金费率从 Backpack 的 -153.98% 到 Reya 的 +52.27% 不等。
OP 当前最大的跨所资金费率价差为年化 206.3%。德尔塔中性的跨所套利正是赚取这一差额:在费率最低的 Backpack 做多,在费率最高的 Reya 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。
OP 在所跟踪的永续品种中持仓量排名第 80,各交易所合计持仓量 $126.2M,24 小时成交量 $274.2M,成交量加权标记价格 $0.1229。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 OP 资金费率最高?
- Reya,年化 +52.27%。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,OP 应在哪家交易所做多?
- Backpack 的 OP 资金费率最低,为年化 -153.98%,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。
- OP 最佳的资金费率套利组合是什么?
- 价差最大的组合是 Backpack 做多 / Reya 做空,扣除成本前约为年化 206.3%。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。
- OP 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。
- OP 的资金费率目前是正还是负?
- 各交易所正负不一,年化从 -153.98% 到 +52.27%——正是这种分歧创造了跨所套利机会。