SP500 永续合约资金费率 — 各交易所对比
S&P 500 Index
Funding Rates by Exchange
+7.67%
Interval
8h
Open Interest
$192K
Mark Price
$7,704.2
+7.34%
Interval
8h
Open Interest
$69.6M
Mark Price
$7,708.6
+7.01%
Interval
8h
Open Interest
—
Mark Price
$7,708.4
+5.52%
Interval
1h
Open Interest
$9.8M
Mark Price
$7,709.63
+5.52%
Interval
1h
Open Interest
$556K
Mark Price
$7,709.6
+5.48%
Interval
1h
Open Interest
$494K
Mark Price
$7,704.15
+5.48%
Interval
8h
Open Interest
$42K
Mark Price
$7,708.8044
+5.48%
Interval
1h
Open Interest
$808K
Mark Price
$7,708.7
+5.48%
Interval
1h
Open Interest
$9.1M
Mark Price
$7,708.3
+4.02%
Interval
1h
Open Interest
$403.7M
Mark Price
$7,708.9
+3.51%
Interval
1h
Open Interest
$2.2M
Mark Price
$7,709.4
+0.36%
Interval
8h
Open Interest
—
Mark Price
$7,710
+0.00%
Interval
8h
Open Interest
$134K
Mark Price
$7,713
+0.00%
Interval
8h
Open Interest
$7.1M
Mark Price
$7,711.1
+0.00%
Interval
8h
Open Interest
$1.7M
Mark Price
$7,700.76
+0.00%
Interval
8h
Open Interest
$8.6M
Mark Price
$7,710.48
+0.00%
Interval
1h
Open Interest
$12K
Mark Price
$7,708.76
+0.00%
Interval
8h
Open Interest
—
Mark Price
$7,730.1
+0.00%
Interval
1h
Open Interest
$10.3M
Mark Price
$7,708.9959
-0.39%
Interval
8h
Open Interest
—
Mark Price
$7,708.6
-23.38%
Interval
8h
Open Interest
$364K
Mark Price
$7,705.18
-24.40%
Interval
1h
Open Interest
$311K
Mark Price
$7,703.3
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 ToobitBest Short | +7.67% | 8h | $192K | $7,704.2 |
 MEXC | +7.34% | 8h | $69.6M | $7,708.6 |
 LBank | +7.01% | 8h | — | $7,708.4 |
 Ondo | +5.52% | 1h | $9.8M | $7,709.63 |
 PopDEX | +5.52% | 1h | $556K | $7,709.6 |
 HTX | +5.48% | 1h | $494K | $7,704.15 |
 Paradex | +5.48% | 8h | $42K | $7,708.8044 |
 SoDEX | +5.48% | 1h | $808K | $7,708.7 |
 Polymarket | +5.48% | 1h | $9.1M | $7,708.3 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +4.02% | 1h | $403.7M | $7,708.9 |
 Lighter | +3.51% | 1h | $2.2M | $7,709.4 |
 Hotcoin | +0.36% | 8h | — | $7,710 |
 OKX | +0.00% | 8h | $134K | $7,713 |
 Bitget | +0.00% | 8h | $7.1M | $7,711.1 |
 Gate.io | +0.00% | 8h | $1.7M | $7,700.76 |
 BitMart | +0.00% | 8h | $8.6M | $7,710.48 |
 Bullet | +0.00% | 1h | $12K | $7,708.76 |
 CoinW | +0.00% | 8h | — | $7,730.1 |
 QFEX | +0.00% | 1h | $10.3M | $7,708.9959 |
 WEEX | -0.39% | 8h | — | $7,708.6 |
 WOOFi Pro | -23.38% | 8h | $364K | $7,705.18 |
 PacificaBest Long | -24.40% | 1h | $311K | $7,703.3 |
SP500 资金费率的含义
资金费率数据更新于 2026-09-23 23:05 UTC
ORBIT 按交易所实时汇总 SP500（S&P 500 Index） 代币化（RWA）永续合约在 22 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 SP500 的年化资金费率从 Pacifica 的 -24.40% 到 Toobit 的 +7.67% 不等。
SP500 当前最大的跨所资金费率价差为年化 32.1%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Pacifica 做多，在费率最高的 Toobit 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。
SP500 在所跟踪的永续品种中持仓量排名第 23，各交易所合计持仓量 $525.0M，24 小时成交量 $289.7M，成交量加权标记价格 $7,708.8865。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 SP500 资金费率最高？
- Toobit，年化 +7.67%。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，SP500 应在哪家交易所做多？
- Pacifica 的 SP500 资金费率最低，为年化 -24.40%，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。
- SP500 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Pacifica 做多 / Toobit 做空，扣除成本前约为年化 32.1%。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。
- SP500 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。
- SP500 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -24.40% 到 +7.67%——正是这种分歧创造了跨所套利机会。