PAXG 永续合约资金费率 — 各交易所对比
PAX Gold
PAXG 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 PAXG：做多 Gate.io / 做空 Lighter → 扣除成本后一周 +$0.65（实际结算年化 8.7%）。
- 做多 Gate.io做空 Lighter+$0.65每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +8.7%
- 稳定
- 81%
回本 6 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
+77.14%
Interval
1h
Open Interest
$65K
Mark Price
$3,868.09
+61.36%
Interval
1h
Open Interest
$6K
Mark Price
$3,871
+11.40%
Interval
1h
Open Interest
$255K
Mark Price
$3,863.6119
+11.34%
Interval
1h
Open Interest
$462K
Mark Price
$3,865.51
+10.96%
Interval
4h
Open Interest
$92.7M
Mark Price
$3,867.46
+10.96%
Interval
4h
Open Interest
$26.0M
Mark Price
$3,868.05
+10.96%
Interval
1h
Open Interest
$23.2M
Mark Price
$3,868.8
+10.96%
Interval
4h
Open Interest
$882K
Mark Price
$3,868.05
+10.96%
Interval
4h
Open Interest
$625K
Mark Price
$3,868.325
+10.96%
Interval
4h
Open Interest
$26.1M
Mark Price
$3,868.43
+10.96%
Interval
4h
Open Interest
$19.2M
Mark Price
$3,867.63
+10.96%
Interval
4h
Open Interest
$1.4M
Mark Price
$3,868.5692
+10.96%
Interval
1h
Open Interest
$421K
Mark Price
$3,867.96
+10.96%
Interval
1h
Open Interest
$1.7M
Mark Price
$3,864.56
+10.96%
Interval
8h
Open Interest
$52K
Mark Price
$3,865.9006
+10.96%
Interval
4h
Open Interest
$3K
Mark Price
$3,865.9
+10.96%
Interval
1h
Open Interest
$86K
Mark Price
$3,866.8
+10.96%
Interval
4h
Open Interest
$1.4M
Mark Price
$3,868.4105
+10.96%
Interval
4h
Open Interest
$9.9M
Mark Price
$3,865.075
+10.96%
Interval
4h
Open Interest
$2.6M
Mark Price
$3,867.45
+10.96%
Interval
4h
Open Interest
—
Mark Price
$3,867.46
+10.96%
Interval
4h
Open Interest
$13.4M
Mark Price
$3,867.74
+10.96%
Interval
4h
Open Interest
—
Mark Price
$3,867.53
+10.96%
Interval
4h
Open Interest
$3.5M
Mark Price
$3,867.4603
+10.96%
Interval
4h
Open Interest
—
Mark Price
$3,867.46
+10.96%
Interval
4h
Open Interest
—
Mark Price
$3,867.46
+10.96%
Interval
4h
Open Interest
$1.3M
Mark Price
$3,866
+10.96%
Interval
1h
Open Interest
$23.2M
Mark Price
$3,868.8
+10.96%
Interval
1h
Open Interest
$23.2M
Mark Price
$3,868.8
+10.96%
Interval
1h
Open Interest
$23.2M
Mark Price
$3,868.8
+10.96%
Interval
1h
Open Interest
$23.2M
Mark Price
$3,868.8
+10.52%
Interval
1h
Open Interest
$1.6M
Mark Price
$3,867.77
+8.77%
Interval
8h
Open Interest
$11.4M
Mark Price
$3,871.32
+3.94%
Interval
4h
Open Interest
$10.5M
Mark Price
$3,867.01
+0.00%
Interval
1h
Open Interest
$74K
Mark Price
$3,865.8422
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 HibachiBest Short | +77.14% | 1h | $65K | $3,868.09 |
 N1 | +61.36% | 1h | $6K | $3,871 |
 Extended | +11.40% | 1h | $255K | $3,863.6119 |
 Crypto.com | +11.34% | 1h | $462K | $3,865.51 |
 Binance Futures | +10.96% | 4h | $92.7M | $3,867.46 |
 Bybit | +10.96% | 4h | $26.0M | $3,868.05 |
 Hyperliquid | +10.96% | 1h | $23.2M | $3,868.8 |
 BingX | +10.96% | 4h | $882K | $3,868.05 |
 HTX | +10.96% | 4h | $625K | $3,868.325 |
 KuCoin | +10.96% | 4h | $26.1M | $3,868.43 |
 MEXC | +10.96% | 4h | $19.2M | $3,867.63 |
 Aster | +10.96% | 4h | $1.4M | $3,868.5692 |
 Pacifica | +10.96% | 1h | $421K | $3,867.96 |
 Backpack | +10.96% | 1h | $1.7M | $3,864.56 |
 Paradex | +10.96% | 8h | $52K | $3,865.9006 |
 WOOFi Pro | +10.96% | 4h | $3K | $3,865.9 |
 ApeX | +10.96% | 1h | $86K | $3,866.8 |
 grvt | +10.96% | 4h | $1.4M | $3,868.4105 |
 Variational | +10.96% | 4h | $9.9M | $3,865.075 |
 Toobit | +10.96% | 4h | $2.6M | $3,867.45 |
 Bitunix | +10.96% | 4h | — | $3,867.46 |
 Hotcoin | +10.96% | 4h | $13.4M | $3,867.74 |
 WEEX | +10.96% | 4h | — | $3,867.53 |
 Pionex | +10.96% | 4h | $3.5M | $3,867.4603 |
 CoinW | +10.96% | 4h | — | $3,867.46 |
 LBank | +10.96% | 4h | — | $3,867.46 |
 Phemex | +10.96% | 4h | $1.3M | $3,866 |
 dreamcash | +10.96% | 1h | $23.2M | $3,868.8 |
 Ventuals | +10.96% | 1h | $23.2M | $3,868.8 |
 Kinetiq | +10.96% | 1h | $23.2M | $3,868.8 |
 Entropy | +10.96% | 1h | $23.2M | $3,868.8 |
 Lighter | +10.52% | 1h | $1.6M | $3,867.77 |
 Gate.io | +8.77% | 8h | $11.4M | $3,871.32 |
 Bitget | +3.94% | 4h | $10.5M | $3,867.01 |
 dYdXBest Long | +0.00% | 1h | $74K | $3,865.8422 |
PAXG 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 PAXG（PAX Gold） 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 PAXG 的年化资金费率从 dYdX 的 +0.00% 到 Hibachi 的 +77.14% 不等。
PAXG 当前最大的跨所资金费率价差为年化 77.1%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 dYdX 做多，在费率最高的 Hibachi 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。
PAXG 在所跟踪的永续品种中持仓量排名第 48，各交易所合计持仓量 $341.4M，24 小时成交量 $121.3M，成交量加权标记价格 $3,868.0874。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 PAXG 资金费率最高？
- Hibachi，年化 +77.14%。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，PAXG 应在哪家交易所做多？
- dYdX 的 PAXG 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。
- PAXG 最佳的资金费率套利组合是什么？
- 价差最大的组合是 dYdX 做多 / Hibachi 做空，扣除成本前约为年化 77.1%。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。
- PAXG 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。
- PAXG 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 +77.14%——正是这种分歧创造了跨所套利机会。