TAO 永续合约资金费率 — 各交易所对比
Bittensor
Best Spread
80.0% APR
Long (Lowest)
BitgetShort (Highest)
Crypto.comMark Price
$207.9557
Total OI
$349.9M
24h Volume
$356.8M
TAO 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 TAO：做多 Phemex / 做空 Aster → 扣除成本后一周 +$15.03（实际结算年化 22.4%）。
- 做多 Phemex做空 Aster+$15.03每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +22.4%
- 稳定
- 69%
回本 3 天 - 做多 Phemex做空 Variational+$14.28每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +16.4%
- 稳定
- 61%
回本 3 天 - 做多 Phemex做空 MEXC+$13.64每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +19.3%
- 稳定
- 65%
回本 3 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
+60.68%
Interval
1h
Open Interest
$52K
Mark Price
$207.83
+12.60%
Interval
1h
Open Interest
$30K
Mark Price
$208.7
+11.40%
Interval
1h
Open Interest
$311K
Mark Price
$207.7739
+10.96%
Interval
4h
Open Interest
$28.9M
Mark Price
$208.05
+10.96%
Interval
1h
Open Interest
$24.2M
Mark Price
$208
+10.96%
Interval
4h
Open Interest
$4.6M
Mark Price
$207.9
+10.96%
Interval
4h
Open Interest
$58K
Mark Price
$207.675
+10.96%
Interval
4h
Open Interest
$732K
Mark Price
$207.9
+10.96%
Interval
1h
Open Interest
$29K
Mark Price
$207.93
+10.96%
Interval
1h
Open Interest
$116K
Mark Price
$207.88
+10.96%
Interval
1h
Open Interest
$42K
Mark Price
$208.02
+10.96%
Interval
4h
Open Interest
$361K
Mark Price
$208.0555
+10.96%
Interval
4h
Open Interest
$1.1M
Mark Price
$207.7685
+10.96%
Interval
1h
Open Interest
$27K
Mark Price
$207.9026
+10.96%
Interval
1h
Open Interest
$111K
Mark Price
$207.84
+10.96%
Interval
1h
Open Interest
$75K
Mark Price
$207.97
+10.96%
Interval
1h
Open Interest
$60K
Mark Price
$208
+10.96%
Interval
1h
Open Interest
$24.2M
Mark Price
$208
+10.96%
Interval
1h
Open Interest
$24.2M
Mark Price
$208
+10.96%
Interval
1h
Open Interest
$24.2M
Mark Price
$208
+10.96%
Interval
1h
Open Interest
$24.2M
Mark Price
$208
+10.93%
Interval
8h
Open Interest
$1K
Mark Price
$207.84
+10.52%
Interval
1h
Open Interest
$480K
Mark Price
$207.939
+9.29%
Interval
1h
Open Interest
$91K
Mark Price
$207.96
+9.09%
Interval
1h
Open Interest
$8K
Mark Price
$207.63
+6.89%
Interval
8h
Open Interest
$4K
Mark Price
$207.7179
+5.63%
Interval
1h
Open Interest
$92K
Mark Price
$207.7975
+3.87%
Interval
1h
Open Interest
$118K
Mark Price
$207.72
+2.46%
Interval
4h
Open Interest
$2.3M
Mark Price
$207.99
+2.36%
Interval
4h
Open Interest
$3.7M
Mark Price
$207.94
+2.08%
Interval
4h
Open Interest
$49.5M
Mark Price
$207.98
+1.90%
Interval
4h
Open Interest
$29K
Mark Price
$207.7559
+1.90%
Interval
4h
Open Interest
—
Mark Price
$207.79
+1.75%
Interval
4h
Open Interest
—
Mark Price
$208.02
+1.65%
Interval
4h
Open Interest
$5.4M
Mark Price
$207.93
+1.65%
Interval
4h
Open Interest
—
Mark Price
$207.92
+1.53%
Interval
4h
Open Interest
$60.9M
Mark Price
$207.9
+1.38%
Interval
4h
Open Interest
$1.3M
Mark Price
$207.965
+1.24%
Interval
4h
Open Interest
$2.3M
Mark Price
$207.95
+0.87%
Interval
4h
Open Interest
—
Mark Price
$207.8
+0.68%
Interval
4h
Open Interest
$33K
Mark Price
$207.91
+0.00%
Interval
1h
Open Interest
$18K
Mark Price
$207.81
-1.68%
Interval
8h
Open Interest
$14.4M
Mark Price
$207.79
-1.75%
Interval
1h
Open Interest
$0K
Mark Price
$207.86
-2.41%
Interval
4h
Open Interest
$13.0M
Mark Price
$208
-5.70%
Interval
4h
Open Interest
$17.4M
Mark Price
$207.89
-19.29%
Interval
4h
Open Interest
$21.1M
Mark Price
$207.85
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| Crypto.comBest Short | +60.68% | 1h | $52K | $207.83 |
 Phoenix | +12.60% | 1h | $30K | $208.7 |
 Extended | +11.40% | 1h | $311K | $207.7739 |
 Bybit | +10.96% | 4h | $28.9M | $208.05 |
 Hyperliquid | +10.96% | 1h | $24.2M | $208 |
 BingX | +10.96% | 4h | $4.6M | $207.9 |
 HTX | +10.96% | 4h | $58K | $207.675 |
 Aster | +10.96% | 4h | $732K | $207.9 |
 Pacifica | +10.96% | 1h | $29K | $207.93 |
 Backpack | +10.96% | 1h | $116K | $207.88 |
 ApeX | +10.96% | 1h | $42K | $208.02 |
 grvt | +10.96% | 4h | $361K | $208.0555 |
 Variational | +10.96% | 4h | $1.1M | $207.7685 |
 Bullet | +10.96% | 1h | $27K | $207.9026 |
 Arcus | +10.96% | 1h | $111K | $207.84 |
 Polymarket | +10.96% | 1h | $75K | $207.97 |
 PopDEX | +10.96% | 1h | $60K | $208 |
 dreamcash | +10.96% | 1h | $24.2M | $208 |
 Ventuals | +10.96% | 1h | $24.2M | $208 |
 Kinetiq | +10.96% | 1h | $24.2M | $208 |
 Entropy | +10.96% | 1h | $24.2M | $208 |
 Katana Perps | +10.93% | 8h | $1K | $207.84 |
 Lighter | +10.52% | 1h | $480K | $207.939 |
 RiseX | +9.29% | 1h | $91K | $207.96 |
 Decibel | +9.09% | 1h | $8K | $207.63 |
 Paradex | +6.89% | 8h | $4K | $207.7179 |
 NADO | +5.63% | 1h | $92K | $207.7975 |
 TxFlow | +3.87% | 1h | $118K | $207.72 |
 BloFin | +2.46% | 4h | $2.3M | $207.99 |
 Hotcoin | +2.36% | 4h | $3.7M | $207.94 |
 Binance Futures | +2.08% | 4h | $49.5M | $207.98 |
 edgeX V2 | +1.90% | 4h | $29K | $207.7559 |
 CoinW | +1.90% | 4h | — | $207.79 |
 LBank | +1.75% | 4h | — | $208.02 |
 Toobit | +1.65% | 4h | $5.4M | $207.93 |
 WEEX | +1.65% | 4h | — | $207.92 |
 MEXC | +1.53% | 4h | $60.9M | $207.9 |
 Pionex | +1.38% | 4h | $1.3M | $207.965 |
 Phemex | +1.24% | 4h | $2.3M | $207.95 |
 Bitunix | +0.87% | 4h | — | $207.8 |
 WOOFi Pro | +0.68% | 4h | $33K | $207.91 |
 dYdX | +0.00% | 1h | $18K | $207.81 |
 OKX | -1.68% | 8h | $14.4M | $207.79 |
 N1 | -1.75% | 1h | $0K | $207.86 |
 Gate.io | -2.41% | 4h | $13.0M | $208 |
 KuCoin | -5.70% | 4h | $17.4M | $207.89 |
| BitgetBest Long | -19.29% | 4h | $21.1M | $207.85 |
TAO 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 TAO（Bittensor） 永续合约在 47 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 Bitget 的 -19.29% 到 Crypto.com 的 +60.68% 不等。
TAO 当前最大的跨所资金费率价差为年化 80.0%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Bitget 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。
TAO 在所跟踪的永续品种中持仓量排名第 47，各交易所合计持仓量 $349.9M，24 小时成交量 $356.8M，成交量加权标记价格 $207.9557。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？
- Crypto.com，年化 +60.68%。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？
- Bitget 的 TAO 资金费率最低，为年化 -19.29%，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 Bitget 做多 / Crypto.com 做空，扣除成本前约为年化 80.0%。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 -19.29% 到 +60.68%——正是这种分歧创造了跨所套利机会。