PENGU 永续合约资金费率 — 各交易所对比
Pudgy Penguins
PENGU 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 PENGU：做多 KuCoin / 做空 BloFin → 扣除成本后一周 +$33.15（实际结算年化 23.8%）。
- 做多 KuCoin做空 BloFin+$33.15每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +23.8%
- 稳定
- 89%
回本 4 天 - 做多 KuCoin做空 MEXC+$17.84每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +16.9%
- 稳定
- 75%
回本 3 天 - 做多 KuCoin做空 Hotcoin+$12.95每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +19.8%
- 稳定
- 77%
回本 4 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
+10.96%
Interval
4h
Open Interest
$85K
Mark Price
$0.0058
+10.96%
Interval
1h
Open Interest
$21K
Mark Price
$0.0058
+10.96%
Interval
1h
Open Interest
$74K
Mark Price
$0.0058
+10.96%
Interval
1h
Open Interest
$19K
Mark Price
$0.0058
+10.96%
Interval
1h
Open Interest
$1K
Mark Price
$0.0058
+10.96%
Interval
1h
Open Interest
$39K
Mark Price
$0.0058
+10.96%
Interval
4h
Open Interest
$1.4M
Mark Price
$0.0058
+10.52%
Interval
1h
Open Interest
$223K
Mark Price
$0.0058
+7.58%
Interval
4h
Open Interest
$73K
Mark Price
$0.0058
+6.57%
Interval
4h
Open Interest
$302K
Mark Price
$0.0058
+2.78%
Interval
4h
Open Interest
$8K
Mark Price
$0.0058
+0.84%
Interval
4h
Open Interest
$1.8M
Mark Price
$0.0058
+0.44%
Interval
4h
Open Interest
$6.6M
Mark Price
$0.0058
+0.00%
Interval
1h
Open Interest
$8K
Mark Price
$0.0058
-0.44%
Interval
4h
Open Interest
$1.5M
Mark Price
$0.0058
-1.85%
Interval
4h
Open Interest
$1.0M
Mark Price
$0.0058
-2.44%
Interval
4h
Open Interest
—
Mark Price
$0.0058
-2.63%
Interval
4h
Open Interest
$5.2M
Mark Price
$0.0058
-2.63%
Interval
1h
Open Interest
$32K
Mark Price
$0.0058
-2.63%
Interval
4h
Open Interest
—
Mark Price
$0.0058
-2.64%
Interval
4h
Open Interest
$23.8M
Mark Price
$0.0058
-2.73%
Interval
4h
Open Interest
$1.3M
Mark Price
$0.0058
-2.81%
Interval
4h
Open Interest
—
Mark Price
$0.0058
-2.82%
Interval
4h
Open Interest
—
Mark Price
$0.0058
-4.02%
Interval
4h
Open Interest
$314K
Mark Price
$0.0058
-4.83%
Interval
4h
Open Interest
$138K
Mark Price
$0.0058
-6.25%
Interval
4h
Open Interest
$10.3M
Mark Price
$0.0058
-7.89%
Interval
4h
Open Interest
$6.9M
Mark Price
$0.0058
-8.89%
Interval
1h
Open Interest
$59K
Mark Price
$0.0058
-9.80%
Interval
1h
Open Interest
$3.1M
Mark Price
$0.0058
-9.80%
Interval
1h
Open Interest
$3.1M
Mark Price
$0.0058
-9.80%
Interval
1h
Open Interest
$3.1M
Mark Price
$0.0058
-9.80%
Interval
1h
Open Interest
$3.1M
Mark Price
$0.0058
-9.80%
Interval
1h
Open Interest
$3.1M
Mark Price
$0.0058
-9.99%
Interval
1h
Open Interest
$60K
Mark Price
$0.0058
-11.31%
Interval
4h
Open Interest
$5.3M
Mark Price
$0.0058
-30.68%
Interval
4h
Open Interest
$3.5M
Mark Price
$0.0058
-45.58%
Interval
1h
Open Interest
$0K
Mark Price
$0.0058
-119.02%
Interval
1h
Open Interest
$6K
Mark Price
$0.0058
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 AsterBest Short | +10.96% | 4h | $85K | $0.0058 |
 Pacifica | +10.96% | 1h | $21K | $0.0058 |
 Backpack | +10.96% | 1h | $74K | $0.0058 |
 ApeX | +10.96% | 1h | $19K | $0.0058 |
 SoDEX | +10.96% | 1h | $1K | $0.0058 |
 Arcus | +10.96% | 1h | $39K | $0.0058 |
 Phemex | +10.96% | 4h | $1.4M | $0.0058 |
 Lighter | +10.52% | 1h | $223K | $0.0058 |
 HTX | +7.58% | 4h | $73K | $0.0058 |
 grvt | +6.57% | 4h | $302K | $0.0058 |
 WOOFi Pro | +2.78% | 4h | $8K | $0.0058 |
 Hotcoin | +0.84% | 4h | $1.8M | $0.0058 |
 Bitget | +0.44% | 4h | $6.6M | $0.0058 |
 dYdX | +0.00% | 1h | $8K | $0.0058 |
 BingX | -0.44% | 4h | $1.5M | $0.0058 |
 BloFin | -1.85% | 4h | $1.0M | $0.0058 |
 Bitunix | -2.44% | 4h | — | $0.0058 |
 MEXC | -2.63% | 4h | $5.2M | $0.0058 |
 Extended | -2.63% | 1h | $32K | $0.0058 |
 LBank | -2.63% | 4h | — | $0.0058 |
 Binance Futures | -2.64% | 4h | $23.8M | $0.0058 |
 Toobit | -2.73% | 4h | $1.3M | $0.0058 |
 WEEX | -2.81% | 4h | — | $0.0058 |
 CoinW | -2.82% | 4h | — | $0.0058 |
 Pionex | -4.02% | 4h | $314K | $0.0058 |
 Variational | -4.83% | 4h | $138K | $0.0058 |
 Bybit | -6.25% | 4h | $10.3M | $0.0058 |
 Gate.io | -7.89% | 4h | $6.9M | $0.0058 |
 NADO | -8.89% | 1h | $59K | $0.0058 |
 Hyperliquid | -9.80% | 1h | $3.1M | $0.0058 |
 dreamcash | -9.80% | 1h | $3.1M | $0.0058 |
 Ventuals | -9.80% | 1h | $3.1M | $0.0058 |
 Kinetiq | -9.80% | 1h | $3.1M | $0.0058 |
 Entropy | -9.80% | 1h | $3.1M | $0.0058 |
 TxFlow | -9.99% | 1h | $60K | $0.0058 |
 OKX | -11.31% | 4h | $5.3M | $0.0058 |
 KuCoinBest Long | -30.68% | 4h | $3.5M | $0.0058 |
 N1 | -45.58% | 1h | $0K | $0.0058 |
 Crypto.com | -119.02% | 1h | $6K | $0.0058 |
PENGU 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 PENGU（Pudgy Penguins） 永续合约在 39 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 PENGU 的年化资金费率从 Crypto.com 的 -119.02% 到 Aster 的 +10.96% 不等。
PENGU 当前最大的跨所资金费率价差为年化 41.6%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 KuCoin 做多，在费率最高的 Aster 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。
PENGU 在所跟踪的永续品种中持仓量排名第 81，各交易所合计持仓量 $85.5M，24 小时成交量 $84.8M，成交量加权标记价格 $0.0058。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 PENGU 资金费率最高？
- Aster，年化 +10.96%。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，PENGU 应在哪家交易所做多？
- Crypto.com 的 PENGU 资金费率最低，为年化 -119.02%，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。
- PENGU 最佳的资金费率套利组合是什么？
- 价差最大的组合是 KuCoin 做多 / Aster 做空，扣除成本前约为年化 41.6%。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。
- PENGU 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）。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。
- PENGU 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -119.02% 到 +10.96%——正是这种分歧创造了跨所套利机会。