SMCI 永续合约资金费率 — 各交易所对比
Super Micro (SMCI)
Best Spread
96.3% APR
Long (Lowest)
BybitShort (Highest)
Crypto.comMark Price
$41.4998
Total OI
$10.8M
24h Volume
$9.8M
SMCI 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。
过去一周，SMCI 没有任何多空组合的资金费收入能覆盖开平仓成本。
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
+96.34%
Interval
1h
Open Interest
$3K
Mark Price
$41.49
+33.00%
Interval
8h
Open Interest
—
Mark Price
$41.54
+31.91%
Interval
8h
Open Interest
$621K
Mark Price
$41.5
+30.68%
Interval
1h
Open Interest
$0K
Mark Price
$41.4703
+30.46%
Interval
8h
Open Interest
$2.7M
Mark Price
$41.49
+30.33%
Interval
8h
Open Interest
$73K
Mark Price
$41.5
+28.98%
Interval
8h
Open Interest
$144K
Mark Price
$41.49
+27.92%
Interval
8h
Open Interest
$555K
Mark Price
$41.523
+27.61%
Interval
8h
Open Interest
—
Mark Price
$41.52
+24.54%
Interval
8h
Open Interest
$1K
Mark Price
$41.53
+24.52%
Interval
8h
Open Interest
$114K
Mark Price
$41.5083
+13.68%
Interval
1h
Open Interest
$149K
Mark Price
$41.4673
+12.46%
Interval
1h
Open Interest
$0K
Mark Price
$41.51
+10.96%
Interval
8h
Open Interest
$7K
Mark Price
$41.515
+10.96%
Interval
1h
Open Interest
$2K
Mark Price
$41.47
+8.77%
Interval
1h
Open Interest
$84K
Mark Price
$41.544
+5.52%
Interval
1h
Open Interest
—
Mark Price
$41.46
+5.52%
Interval
1h
Open Interest
$108K
Mark Price
$41.57
+4.96%
Interval
1h
Open Interest
$576K
Mark Price
$41.445
+0.55%
Interval
8h
Open Interest
$1.5M
Mark Price
$41.505
+0.00%
Interval
8h
Open Interest
$903K
Mark Price
$41.46
+0.00%
Interval
8h
Open Interest
$525K
Mark Price
$41.53
+0.00%
Interval
8h
Open Interest
$777K
Mark Price
$41.5
+0.00%
Interval
8h
Open Interest
$473K
Mark Price
$41.51
+0.00%
Interval
8h
Open Interest
$1.5M
Mark Price
$41.53
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| Crypto.comBest Short | +96.34% | 1h | $3K | $41.49 |
 Bitunix | +33.00% | 8h | — | $41.54 |
 Hotcoin | +31.91% | 8h | $621K | $41.5 |
 Extended | +30.68% | 1h | $0K | $41.4703 |
 MEXC | +30.46% | 8h | $2.7M | $41.49 |
 BloFin | +30.33% | 8h | $73K | $41.5 |
 Toobit | +28.98% | 8h | $144K | $41.49 |
 WEEX | +27.92% | 8h | $555K | $41.523 |
 LBank | +27.61% | 8h | — | $41.52 |
 grvt | +24.54% | 8h | $1K | $41.53 |
 Variational | +24.52% | 8h | $114K | $41.5083 |
 Paragon | +13.68% | 1h | $149K | $41.4673 |
 SoDEX | +12.46% | 1h | $0K | $41.51 |
 HTX | +10.96% | 8h | $7K | $41.515 |
 TxFlow | +10.96% | 1h | $2K | $41.47 |
 Lighter Robinhood | +8.77% | 1h | $84K | $41.544 |
 Ondo | +5.52% | 1h | — | $41.46 |
 PopDEX | +5.52% | 1h | $108K | $41.57 |
 QFEX | +4.96% | 1h | $576K | $41.445 |
 Bitget | +0.55% | 8h | $1.5M | $41.505 |
| BybitBest Long | +0.00% | 8h | $903K | $41.46 |
 OKX | +0.00% | 8h | $525K | $41.53 |
 Gate.io | +0.00% | 8h | $777K | $41.5 |
 KuCoin | +0.00% | 8h | $473K | $41.51 |
 Phemex | +0.00% | 8h | $1.5M | $41.53 |
SMCI 资金费率的含义
资金费率数据更新于 2026-10-01 05:03 UTC
ORBIT 按交易所实时汇总 SMCI（Super Micro (SMCI)） 代币化（RWA）永续合约在 25 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 SMCI 的年化资金费率从 Phemex 的 +0.00% 到 Crypto.com 的 +96.34% 不等。
SMCI 当前最大的跨所资金费率价差为年化 96.3%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Bybit 做多，在费率最高的 Crypto.com 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。
SMCI 在所跟踪的永续品种中持仓量排名第 415，各交易所合计持仓量 $10.8M，24 小时成交量 $9.8M，成交量加权标记价格 $41.4998。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 SMCI 资金费率最高？
- Crypto.com，年化 +96.34%。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，SMCI 应在哪家交易所做多？
- Phemex 的 SMCI 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。
- SMCI 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Bybit 做多 / Crypto.com 做空，扣除成本前约为年化 96.3%。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。
- SMCI 的资金费用多久结算一次？
- 各交易所资金间隔不同（1 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。
- SMCI 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 +96.34%——正是这种分歧创造了跨所套利机会。