PONS 永续合约资金费率 — 各交易所对比
Funding Rates by Exchange
+40.07%
Interval
4h
Open Interest
—
Mark Price
$0.6366
+37.26%
Interval
4h
Open Interest
$1.8M
Mark Price
$0.6373
+22.90%
Interval
4h
Open Interest
$214K
Mark Price
$0.6363
+21.66%
Interval
1h
Open Interest
$78K
Mark Price
$0.6377
+12.57%
Interval
4h
Open Interest
$28K
Mark Price
$0.6358
+11.90%
Interval
4h
Open Interest
—
Mark Price
$0.6385
+11.40%
Interval
1h
Open Interest
$234K
Mark Price
$0.6385
+10.96%
Interval
4h
Open Interest
$40.8M
Mark Price
$0.6361
+10.96%
Interval
4h
Open Interest
$17.0M
Mark Price
$0.6353
+10.96%
Interval
4h
Open Interest
$12.1M
Mark Price
$0.6374
+10.96%
Interval
1h
Open Interest
$63.9M
Mark Price
$0.636
+10.96%
Interval
4h
Open Interest
$2.1M
Mark Price
$0.6374
+10.96%
Interval
4h
Open Interest
$4.5M
Mark Price
$0.6358
+10.96%
Interval
4h
Open Interest
$59K
Mark Price
$0.638
+10.96%
Interval
4h
Open Interest
$1.3M
Mark Price
$0.6359
+10.96%
Interval
4h
Open Interest
$7.2M
Mark Price
$0.6358
+10.96%
Interval
4h
Open Interest
$1.1M
Mark Price
$0.6382
+10.96%
Interval
1h
Open Interest
$33K
Mark Price
$0.636
+10.96%
Interval
4h
Open Interest
$4K
Mark Price
$0.638
+10.96%
Interval
1h
Open Interest
$34K
Mark Price
$0.6356
+10.96%
Interval
1h
Open Interest
$77K
Mark Price
$0.6353
+10.96%
Interval
4h
Open Interest
$1.2M
Mark Price
$0.635
+10.96%
Interval
1h
Open Interest
$28K
Mark Price
$0.6353
+10.96%
Interval
4h
Open Interest
—
Mark Price
$0.6361
+10.96%
Interval
4h
Open Interest
—
Mark Price
$0.6381
+10.96%
Interval
4h
Open Interest
$614K
Mark Price
$0.6383
+10.96%
Interval
4h
Open Interest
—
Mark Price
$0.6355
+10.96%
Interval
1h
Open Interest
$31K
Mark Price
$0.6352
+10.96%
Interval
1h
Open Interest
$20K
Mark Price
$0.6354
+10.96%
Interval
1h
Open Interest
$63.9M
Mark Price
$0.636
+10.96%
Interval
1h
Open Interest
$63.9M
Mark Price
$0.636
+10.52%
Interval
1h
Open Interest
$1.7M
Mark Price
$0.6352
+5.26%
Interval
1h
Open Interest
$432K
Mark Price
$0.6347
+1.26%
Interval
1h
Open Interest
$81K
Mark Price
$0.6355
-50.84%
Interval
4h
Open Interest
$5.5M
Mark Price
$0.6363
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +40.07% | 4h | — | $0.6366 | |
| +37.26% | 4h | $1.8M | $0.6373 | |
| +22.90% | 4h | $214K | $0.6363 | |
| +21.66% | 1h | $78K | $0.6377 | |
| +12.57% | 4h | $28K | $0.6358 | |
| +11.90% | 4h | — | $0.6385 | |
| +11.40% | 1h | $234K | $0.6385 | |
| +10.96% | 4h | $40.8M | $0.6361 | |
| +10.96% | 4h | $17.0M | $0.6353 | |
| +10.96% | 4h | $12.1M | $0.6374 | |
| +10.96% | 1h | $63.9M | $0.636 | |
| +10.96% | 4h | $2.1M | $0.6374 | |
| +10.96% | 4h | $4.5M | $0.6358 | |
| +10.96% | 4h | $59K | $0.638 | |
| +10.96% | 4h | $1.3M | $0.6359 | |
| +10.96% | 4h | $7.2M | $0.6358 | |
| +10.96% | 4h | $1.1M | $0.6382 | |
| +10.96% | 1h | $33K | $0.636 | |
| +10.96% | 4h | $4K | $0.638 | |
| +10.96% | 1h | $34K | $0.6356 | |
| +10.96% | 1h | $77K | $0.6353 | |
| +10.96% | 4h | $1.2M | $0.635 | |
| +10.96% | 1h | $28K | $0.6353 | |
| +10.96% | 4h | — | $0.6361 | |
| +10.96% | 4h | — | $0.6381 | |
| +10.96% | 4h | $614K | $0.6383 | |
| +10.96% | 4h | — | $0.6355 | |
| +10.96% | 1h | $31K | $0.6352 | |
| +10.96% | 1h | $20K | $0.6354 | |
| +10.96% | 1h | $63.9M | $0.636 | |
| +10.96% | 1h | $63.9M | $0.636 | |
| +10.52% | 1h | $1.7M | $0.6352 | |
| +5.26% | 1h | $432K | $0.6347 | |
| +1.26% | 1h | $81K | $0.6355 | |
| -50.84% | 4h | $5.5M | $0.6363 |
PONS 资金费率的含义
资金费率数据更新于 2026-09-23 23:04 UTC
ORBIT 按交易所实时汇总 PONS 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 PONS 的年化资金费率从 Gate.io 的 -50.84% 到 CoinW 的 +40.07% 不等。
PONS 当前最大的跨所资金费率价差为年化 90.9%。德尔塔中性的跨所套利正是赚取这一差额:在费率最低的 Gate.io 做多,在费率最高的 CoinW 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。
PONS 在所跟踪的永续品种中持仓量排名第 60,各交易所合计持仓量 $290.2M,24 小时成交量 $552.0M,成交量加权标记价格 $0.6361。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 PONS 资金费率最高?
- CoinW,年化 +40.07%。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,PONS 应在哪家交易所做多?
- Gate.io 的 PONS 资金费率最低,为年化 -50.84%,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。
- PONS 最佳的资金费率套利组合是什么?
- 价差最大的组合是 Gate.io 做多 / CoinW 做空,扣除成本前约为年化 90.9%。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。
- PONS 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。
- PONS 的资金费率目前是正还是负?
- 各交易所正负不一,年化从 -50.84% 到 +40.07%——正是这种分歧创造了跨所套利机会。