TRUMP 永续合约资金费率 — 各交易所对比
TRUMP 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 TRUMP：做多 Variational / 做空 Hotcoin → 扣除成本后一周 +$38.35（实际结算年化 30.0%）。
- 做多 Variational做空 Hotcoin+$38.35每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +30.0%
- 稳定
- 71%
回本 1 天 - 做多 Variational做空 Phemex+$33.35每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +25.2%
- 稳定
- 74%
回本 2 天 - 做多 OKX做空 Hotcoin+$11.97每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +23.4%
- 稳定
- 60%
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
+56.88%
Interval
4h
Open Interest
$2.1M
Mark Price
$1.051
+10.96%
Interval
4h
Open Interest
$395K
Mark Price
$1.052
+10.96%
Interval
4h
Open Interest
$285K
Mark Price
$1.052
+10.96%
Interval
1h
Open Interest
$50K
Mark Price
$1.0534
+10.96%
Interval
4h
Open Interest
$1.1M
Mark Price
$1.054
-2.63%
Interval
1h
Open Interest
$85K
Mark Price
$1.0535
-7.11%
Interval
1h
Open Interest
$5K
Mark Price
$1.052
-10.68%
Interval
4h
Open Interest
$7K
Mark Price
$1.051
-12.07%
Interval
1h
Open Interest
$69K
Mark Price
$1.053
-13.25%
Interval
4h
Open Interest
$10.8M
Mark Price
$1.052
-21.65%
Interval
4h
Open Interest
$18.0M
Mark Price
$1.053
-33.53%
Interval
4h
Open Interest
$514K
Mark Price
$1.0517
-35.50%
Interval
4h
Open Interest
$20.0M
Mark Price
$1.053
-36.13%
Interval
4h
Open Interest
$1.9M
Mark Price
$1.053
-39.01%
Interval
4h
Open Interest
$4.4M
Mark Price
$1.053
-41.95%
Interval
8h
Open Interest
$1K
Mark Price
$1.0515
-45.78%
Interval
4h
Open Interest
$148K
Mark Price
$1.0525
-47.22%
Interval
4h
Open Interest
—
Mark Price
$1.054
-48.89%
Interval
4h
Open Interest
—
Mark Price
$1.052
-49.81%
Interval
4h
Open Interest
$32K
Mark Price
$1.0517
-49.97%
Interval
1h
Open Interest
$18K
Mark Price
$1.0514
-50.84%
Interval
4h
Open Interest
$114K
Mark Price
$1.052
-51.09%
Interval
1h
Open Interest
$125K
Mark Price
$1.0523
-51.30%
Interval
4h
Open Interest
$2.1M
Mark Price
$1.053
-51.30%
Interval
4h
Open Interest
—
Mark Price
$1.053
-51.77%
Interval
4h
Open Interest
$27.4M
Mark Price
$1.054
-56.10%
Interval
1h
Open Interest
$191K
Mark Price
$1.0524
-57.52%
Interval
1h
Open Interest
$46K
Mark Price
$1.0525
-81.67%
Interval
1h
Open Interest
$11K
Mark Price
$1.0518
-90.95%
Interval
4h
Open Interest
$3.3M
Mark Price
$1.053
-92.90%
Interval
1h
Open Interest
$7.3M
Mark Price
$1.0535
-92.90%
Interval
1h
Open Interest
$7.3M
Mark Price
$1.0535
-92.90%
Interval
1h
Open Interest
$7.3M
Mark Price
$1.0535
-92.90%
Interval
1h
Open Interest
$7.3M
Mark Price
$1.0535
-92.90%
Interval
1h
Open Interest
$7.3M
Mark Price
$1.0535
-93.90%
Interval
1h
Open Interest
$7.3M
Mark Price
$1.0527
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 HotcoinBest Short | +56.88% | 4h | $2.1M | $1.051 |
 HTX | +10.96% | 4h | $395K | $1.052 |
 Aster | +10.96% | 4h | $285K | $1.052 |
 Pacifica | +10.96% | 1h | $50K | $1.0534 |
 Phemex | +10.96% | 4h | $1.1M | $1.054 |
 PopDEX | -2.63% | 1h | $85K | $1.0535 |
 TxFlow | -7.11% | 1h | $5K | $1.052 |
 WOOFi Pro | -10.68% | 4h | $7K | $1.051 |
 Crypto.com | -12.07% | 1h | $69K | $1.053 |
 OKX | -13.25% | 4h | $10.8M | $1.052 |
 Bybit | -21.65% | 4h | $18.0M | $1.053 |
 Variational | -33.53% | 4h | $514K | $1.0517 |
 Gate.io | -35.50% | 4h | $20.0M | $1.053 |
 BloFin | -36.13% | 4h | $1.9M | $1.053 |
 Bitget | -39.01% | 4h | $4.4M | $1.053 |
 Paradex | -41.95% | 8h | $1K | $1.0515 |
 Pionex | -45.78% | 4h | $148K | $1.0525 |
 Bitunix | -47.22% | 4h | — | $1.054 |
 WEEX | -48.89% | 4h | — | $1.052 |
 edgeX V2 | -49.81% | 4h | $32K | $1.0517 |
 Extended | -49.97% | 1h | $18K | $1.0514 |
 grvt | -50.84% | 4h | $114K | $1.052 |
 Backpack | -51.09% | 1h | $125K | $1.0523 |
 Toobit | -51.30% | 4h | $2.1M | $1.053 |
 CoinW | -51.30% | 4h | — | $1.053 |
 Binance Futures | -51.77% | 4h | $27.4M | $1.054 |
 Lighter | -56.10% | 1h | $191K | $1.0524 |
 SoDEX | -57.52% | 1h | $46K | $1.0525 |
 Decibel | -81.67% | 1h | $11K | $1.0518 |
 KuCoin | -90.95% | 4h | $3.3M | $1.053 |
 Hyperliquid | -92.90% | 1h | $7.3M | $1.0535 |
 dreamcash | -92.90% | 1h | $7.3M | $1.0535 |
 Ventuals | -92.90% | 1h | $7.3M | $1.0535 |
 Kinetiq | -92.90% | 1h | $7.3M | $1.0535 |
 Entropy | -92.90% | 1h | $7.3M | $1.0535 |
 BullpenBest Long | -93.90% | 1h | $7.3M | $1.0527 |
TRUMP 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 TRUMP 永续合约在 36 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 TRUMP 的年化资金费率从 Bullpen 的 -93.90% 到 Hotcoin 的 +56.88% 不等。
TRUMP 当前最大的跨所资金费率价差为年化 150.8%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Bullpen 做多，在费率最高的 Hotcoin 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。
TRUMP 在所跟踪的永续品种中持仓量排名第 72，各交易所合计持仓量 $137.2M，24 小时成交量 $165.7M，成交量加权标记价格 $1.0532。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 TRUMP 资金费率最高？
- Hotcoin，年化 +56.88%。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，TRUMP 应在哪家交易所做多？
- Bullpen 的 TRUMP 资金费率最低，为年化 -93.90%，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。
- TRUMP 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Bullpen 做多 / Hotcoin 做空，扣除成本前约为年化 150.8%。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。
- TRUMP 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。
- TRUMP 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -93.90% 到 +56.88%——正是这种分歧创造了跨所套利机会。