PENDLE 永续合约资金费率 — 各交易所对比
Pendle
Funding Rates by Exchange
+29.37%
Interval
1h
Open Interest
$3K
Mark Price
$2.4882
+10.96%
Interval
4h
Open Interest
$97K
Mark Price
$2.4911
+10.96%
Interval
4h
Open Interest
$3.1M
Mark Price
$2.487
+10.96%
Interval
1h
Open Interest
$13.9M
Mark Price
$2.49
+10.96%
Interval
8h
Open Interest
$6.9M
Mark Price
$2.4862
+10.96%
Interval
8h
Open Interest
$4.6M
Mark Price
$2.4894
+10.96%
Interval
8h
Open Interest
$964K
Mark Price
$2.496
+10.96%
Interval
8h
Open Interest
$910K
Mark Price
$2.4903
+10.96%
Interval
8h
Open Interest
$58K
Mark Price
$2.4888
+10.96%
Interval
1h
Open Interest
$443K
Mark Price
$2.4913
+10.96%
Interval
8h
Open Interest
$757K
Mark Price
$2.4929
+10.96%
Interval
4h
Open Interest
$23K
Mark Price
$2.4894
+10.96%
Interval
1h
Open Interest
$22K
Mark Price
$2.4932
+10.96%
Interval
1h
Open Interest
$13.9M
Mark Price
$2.49
+10.96%
Interval
1h
Open Interest
$13.9M
Mark Price
$2.49
+10.70%
Interval
8h
Open Interest
$31K
Mark Price
$2.489
+10.52%
Interval
1h
Open Interest
$564K
Mark Price
$2.492
+9.59%
Interval
8h
Open Interest
$1.1M
Mark Price
$2.4884
+9.32%
Interval
8h
Open Interest
$107K
Mark Price
$2.4952
+9.09%
Interval
8h
Open Interest
$411K
Mark Price
$2.4887
+8.77%
Interval
8h
Open Interest
$16.0M
Mark Price
$2.4877
+8.77%
Interval
1h
Open Interest
$180K
Mark Price
$2.4879
+8.77%
Interval
8h
Open Interest
$1.7M
Mark Price
$2.4884
+8.77%
Interval
8h
Open Interest
—
Mark Price
$2.4904
+8.77%
Interval
8h
Open Interest
—
Mark Price
$2.4904
+8.69%
Interval
8h
Open Interest
$243K
Mark Price
$2.4885
+8.63%
Interval
8h
Open Interest
—
Mark Price
$2.488
+8.56%
Interval
8h
Open Interest
$23.8M
Mark Price
$2.4876
+3.88%
Interval
8h
Open Interest
$21K
Mark Price
$2.4891
+0.25%
Interval
1h
Open Interest
$11K
Mark Price
$2.4936
-10.24%
Interval
8h
Open Interest
—
Mark Price
$2.4886
-12.70%
Interval
1h
Open Interest
$18K
Mark Price
$2.4878
-16.67%
Interval
1h
Open Interest
$90K
Mark Price
$2.4914
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 ReyaBest Short | +29.37% | 1h | $3K | $2.4882 |
 Bybit | +10.96% | 4h | $97K | $2.4911 |
 OKX | +10.96% | 4h | $3.1M | $2.487 |
 Hyperliquid | +10.96% | 1h | $13.9M | $2.49 |
 BingX | +10.96% | 8h | $6.9M | $2.4862 |
 Bitget | +10.96% | 8h | $4.6M | $2.4894 |
 Gate.io | +10.96% | 8h | $964K | $2.496 |
 KuCoin | +10.96% | 8h | $910K | $2.4903 |
 Aster | +10.96% | 8h | $58K | $2.4888 |
 Backpack | +10.96% | 1h | $443K | $2.4913 |
 Variational | +10.96% | 8h | $757K | $2.4929 |
 edgeX V2 | +10.96% | 4h | $23K | $2.4894 |
 Polymarket | +10.96% | 1h | $22K | $2.4932 |
 dreamcash | +10.96% | 1h | $13.9M | $2.49 |
 Ventuals | +10.96% | 1h | $13.9M | $2.49 |
 Paradex | +10.70% | 8h | $31K | $2.489 |
 Lighter | +10.52% | 1h | $564K | $2.492 |
 BloFin | +9.59% | 8h | $1.1M | $2.4884 |
 Toobit | +9.32% | 8h | $107K | $2.4952 |
 grvt | +9.09% | 8h | $411K | $2.4887 |
 MEXC | +8.77% | 8h | $16.0M | $2.4877 |
 Extended | +8.77% | 1h | $180K | $2.4879 |
 Hotcoin | +8.77% | 8h | $1.7M | $2.4884 |
 WEEX | +8.77% | 8h | — | $2.4904 |
 LBank | +8.77% | 8h | — | $2.4904 |
 Pionex | +8.69% | 8h | $243K | $2.4885 |
 Bitunix | +8.63% | 8h | — | $2.488 |
 Binance Futures | +8.56% | 8h | $23.8M | $2.4876 |
 WOOFi Pro | +3.88% | 8h | $21K | $2.4891 |
 dYdX | +0.25% | 1h | $11K | $2.4936 |
 CoinW | -10.24% | 8h | — | $2.4886 |
 TxFlow | -12.70% | 1h | $18K | $2.4878 |
 ApeXBest Long | -16.67% | 1h | $90K | $2.4914 |
PENDLE 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 PENDLE（Pendle） 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 PENDLE 的年化资金费率从 ApeX 的 -16.67% 到 Reya 的 +29.37% 不等。
PENDLE 当前最大的跨所资金费率价差为年化 46.0%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 ApeX 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。
PENDLE 在所跟踪的永续品种中持仓量排名第 100，各交易所合计持仓量 $104.0M，24 小时成交量 $145.2M，成交量加权标记价格 $2.4888。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 PENDLE 资金费率最高？
- Reya，年化 +29.37%。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，PENDLE 应在哪家交易所做多？
- ApeX 的 PENDLE 资金费率最低，为年化 -16.67%，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。
- PENDLE 最佳的资金费率套利组合是什么？
- 价差最大的组合是 ApeX 做多 / Reya 做空，扣除成本前约为年化 46.0%。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。
- PENDLE 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。
- PENDLE 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -16.67% 到 +29.37%——正是这种分歧创造了跨所套利机会。