TAO 永续合约资金费率 — 各交易所对比
Bittensor
Funding Rates by Exchange
+200.14%
Interval
1h
Open Interest
—
Mark Price
$232.6436
+78.15%
Interval
1h
Open Interest
$0K
Mark Price
$286.7475
+51.02%
Interval
1h
Open Interest
$765K
Mark Price
$285.465
+43.83%
Interval
1h
Open Interest
$3K
Mark Price
$287.13
+37.26%
Interval
4h
Open Interest
$4.3M
Mark Price
$286.81
+13.15%
Interval
4h
Open Interest
$5.5M
Mark Price
$286.76
+12.22%
Interval
1h
Open Interest
$255K
Mark Price
$287
+11.58%
Interval
1h
Open Interest
$974K
Mark Price
$286.875
+11.40%
Interval
1h
Open Interest
$686K
Mark Price
$286.7252
+10.96%
Interval
4h
Open Interest
$81.4M
Mark Price
$286.7904
+10.96%
Interval
4h
Open Interest
$693K
Mark Price
$286.93
+10.96%
Interval
8h
Open Interest
$23.7M
Mark Price
$286.7
+10.96%
Interval
1h
Open Interest
$78.4M
Mark Price
$287.04
+10.96%
Interval
4h
Open Interest
$27.5M
Mark Price
$286.88
+10.96%
Interval
4h
Open Interest
$32.4M
Mark Price
$286.72
+10.96%
Interval
4h
Open Interest
$29.7M
Mark Price
$286.4
+10.96%
Interval
4h
Open Interest
$100K
Mark Price
$286.165
+10.96%
Interval
4h
Open Interest
$16.8M
Mark Price
$286.91
+10.96%
Interval
4h
Open Interest
$116.3M
Mark Price
$286.7
+10.96%
Interval
4h
Open Interest
$1.2M
Mark Price
$287.1149
+10.96%
Interval
1h
Open Interest
$491K
Mark Price
$287.105
+10.96%
Interval
1h
Open Interest
$122K
Mark Price
$286.9
+10.96%
Interval
1h
Open Interest
$51K
Mark Price
$286.94
+10.96%
Interval
4h
Open Interest
$486K
Mark Price
$286.8548
+10.96%
Interval
4h
Open Interest
$5.8M
Mark Price
$286.505
+10.96%
Interval
4h
Open Interest
$33K
Mark Price
$286.7515
+10.96%
Interval
4h
Open Interest
$30.7M
Mark Price
$286.7228
+10.96%
Interval
4h
Open Interest
$200K
Mark Price
$286.77
+10.96%
Interval
1h
Open Interest
$11K
Mark Price
$286.82
+10.96%
Interval
4h
Open Interest
—
Mark Price
$286.82
+10.96%
Interval
4h
Open Interest
—
Mark Price
$286.8
+10.96%
Interval
4h
Open Interest
$1.2M
Mark Price
$286.7904
+10.96%
Interval
4h
Open Interest
—
Mark Price
$286.77
+10.96%
Interval
4h
Open Interest
—
Mark Price
$286.85
+10.96%
Interval
1h
Open Interest
$130K
Mark Price
$286.79
+10.96%
Interval
1h
Open Interest
$143K
Mark Price
$287.01
+10.96%
Interval
1h
Open Interest
$95K
Mark Price
$287.04
+10.96%
Interval
1h
Open Interest
$58K
Mark Price
$286.77
+10.96%
Interval
1h
Open Interest
$78.4M
Mark Price
$287.04
+10.96%
Interval
1h
Open Interest
$78.4M
Mark Price
$287.04
+10.95%
Interval
8h
Open Interest
$13K
Mark Price
$286.8402
+10.87%
Interval
4h
Open Interest
$45K
Mark Price
$286.89
+10.52%
Interval
1h
Open Interest
$1.3M
Mark Price
$286.946
+0.00%
Interval
1h
Open Interest
$61K
Mark Price
$286.8885
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +200.14% | 1h | — | $232.6436 | |
 ReyaBest Short | +78.15% | 1h | $0K | $286.7475 |
 RiseX | +51.02% | 1h | $765K | $285.465 |
 N1 | +43.83% | 1h | $3K | $287.13 |
 BloFin | +37.26% | 4h | $4.3M | $286.81 |
 Hotcoin | +13.15% | 4h | $5.5M | $286.76 |
 Phoenix | +12.22% | 1h | $255K | $287 |
 NADO | +11.58% | 1h | $974K | $286.875 |
 Extended | +11.40% | 1h | $686K | $286.7252 |
 Binance Futures | +10.96% | 4h | $81.4M | $286.7904 |
 Bybit | +10.96% | 4h | $693K | $286.93 |
 OKX | +10.96% | 8h | $23.7M | $286.7 |
 Hyperliquid | +10.96% | 1h | $78.4M | $287.04 |
 BingX | +10.96% | 4h | $27.5M | $286.88 |
 Bitget | +10.96% | 4h | $32.4M | $286.72 |
 Gate.io | +10.96% | 4h | $29.7M | $286.4 |
 HTX | +10.96% | 4h | $100K | $286.165 |
 KuCoin | +10.96% | 4h | $16.8M | $286.91 |
 MEXC | +10.96% | 4h | $116.3M | $286.7 |
 Aster | +10.96% | 4h | $1.2M | $287.1149 |
 Pacifica | +10.96% | 1h | $491K | $287.105 |
 Backpack | +10.96% | 1h | $122K | $286.9 |
 ApeX | +10.96% | 1h | $51K | $286.94 |
 grvt | +10.96% | 4h | $486K | $286.8548 |
 Variational | +10.96% | 4h | $5.8M | $286.505 |
 edgeX V2 | +10.96% | 4h | $33K | $286.7515 |
 BitMart | +10.96% | 4h | $30.7M | $286.7228 |
 Toobit | +10.96% | 4h | $200K | $286.77 |
 Bullet | +10.96% | 1h | $11K | $286.82 |
 Bitunix | +10.96% | 4h | — | $286.82 |
 WEEX | +10.96% | 4h | — | $286.8 |
 Pionex | +10.96% | 4h | $1.2M | $286.7904 |
 CoinW | +10.96% | 4h | — | $286.77 |
 LBank | +10.96% | 4h | — | $286.85 |
 TxFlow | +10.96% | 1h | $130K | $286.79 |
 Arcus | +10.96% | 1h | $143K | $287.01 |
 Polymarket | +10.96% | 1h | $95K | $287.04 |
 PopDEX | +10.96% | 1h | $58K | $286.77 |
 dreamcash | +10.96% | 1h | $78.4M | $287.04 |
 Ventuals | +10.96% | 1h | $78.4M | $287.04 |
 Paradex | +10.95% | 8h | $13K | $286.8402 |
 WOOFi Pro | +10.87% | 4h | $45K | $286.89 |
 Lighter | +10.52% | 1h | $1.3M | $286.946 |
 dYdXBest Long | +0.00% | 1h | $61K | $286.8885 |
TAO 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 TAO（Bittensor） 永续合约在 44 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 TAO 的年化资金费率从 dYdX 的 +0.00% 到 Ethereal 的 +200.14% 不等。
TAO 当前最大的跨所资金费率价差为年化 78.2%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 dYdX 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。
TAO 在所跟踪的永续品种中持仓量排名第 27，各交易所合计持仓量 $618.4M，24 小时成交量 $999.0M，成交量加权标记价格 $286.8435。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 TAO 资金费率最高？
- Ethereal，年化 +200.14%。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，TAO 应在哪家交易所做多？
- dYdX 的 TAO 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。
- TAO 最佳的资金费率套利组合是什么？
- 价差最大的组合是 dYdX 做多 / Reya 做空，扣除成本前约为年化 78.2%。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。
- TAO 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。
- TAO 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 +200.14%——正是这种分歧创造了跨所套利机会。