TSM 永续合约资金费率 — 各交易所对比
TSMC
Best Spread
51.6% APR
Long (Lowest)
Crypto.comShort (Highest)
HotcoinMark Price
$458.7675
Total OI
$21.3M
24h Volume
$15.9M
TSM 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，TSM 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
+10.96%
Interval
8h
Open Interest
$0K
Mark Price
$458.47
+10.96%
Interval
8h
Open Interest
$2.8M
Mark Price
$458.82
+10.96%
Interval
1h
Open Interest
$6K
Mark Price
$458.78
+5.52%
Interval
1h
Open Interest
$171K
Mark Price
$458.4393
+5.48%
Interval
1h
Open Interest
$4.0M
Mark Price
$458.54
+5.48%
Interval
1h
Open Interest
$0K
Mark Price
$458.58
+5.48%
Interval
1h
Open Interest
$162K
Mark Price
$458.28
+3.51%
Interval
1h
Open Interest
$522K
Mark Price
$458.96
+3.51%
Interval
1h
Open Interest
$332K
Mark Price
$458.4
+2.97%
Interval
8h
Open Interest
$31K
Mark Price
$459.05
+1.10%
Interval
8h
Open Interest
—
Mark Price
$458.93
+0.08%
Interval
1h
Open Interest
$140K
Mark Price
$459.65
+0.00%
Interval
8h
Open Interest
$2.2M
Mark Price
$458.64
+0.00%
Interval
8h
Open Interest
$3.7M
Mark Price
$458.66
+0.00%
Interval
8h
Open Interest
$2.1M
Mark Price
$458.93
+0.00%
Interval
8h
Open Interest
$997K
Mark Price
$459.05
+0.00%
Interval
8h
Open Interest
$9K
Mark Price
$458.945
+0.00%
Interval
8h
Open Interest
$277K
Mark Price
$458.95
+0.00%
Interval
8h
Open Interest
$894K
Mark Price
$458.83
+0.00%
Interval
8h
Open Interest
$86K
Mark Price
$458.6153
+0.00%
Interval
8h
Open Interest
$5K
Mark Price
$458.9347
+0.00%
Interval
8h
Open Interest
$1.1M
Mark Price
$458.898
+0.00%
Interval
1h
Open Interest
$2K
Mark Price
$458.5926
+0.00%
Interval
8h
Open Interest
$306K
Mark Price
$459.03
+0.00%
Interval
8h
Open Interest
—
Mark Price
$458.75
+0.00%
Interval
8h
Open Interest
$1.5M
Mark Price
$459.12
-0.38%
Interval
8h
Open Interest
$41K
Mark Price
$458.76
-40.63%
Interval
1h
Open Interest
$60K
Mark Price
$458.51
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 WOOFi Pro | +10.96% | 8h | $0K | $458.47 |
| HotcoinBest Short | +10.96% | 8h | $2.8M | $458.82 |
 TxFlow | +10.96% | 1h | $6K | $458.78 |
 Ondo | +5.52% | 1h | $171K | $458.4393 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +5.48% | 1h | $4.0M | $458.54 |
 SoDEX | +5.48% | 1h | $0K | $458.58 |
 Polymarket | +5.48% | 1h | $162K | $458.28 |
 Lighter | +3.51% | 1h | $522K | $458.96 |
 Lighter Robinhood | +3.51% | 1h | $332K | $458.4 |
 BloFin | +2.97% | 8h | $31K | $459.05 |
 Bitunix | +1.10% | 8h | — | $458.93 |
 Phoenix | +0.08% | 1h | $140K | $459.65 |
 Bybit | +0.00% | 8h | $2.2M | $458.64 |
 OKX | +0.00% | 8h | $3.7M | $458.66 |
 Bitget | +0.00% | 8h | $2.1M | $458.93 |
 Gate.io | +0.00% | 8h | $997K | $459.05 |
 HTX | +0.00% | 8h | $9K | $458.945 |
 KuCoin | +0.00% | 8h | $277K | $458.95 |
 MEXC | +0.00% | 8h | $894K | $458.83 |
 Aster | +0.00% | 8h | $86K | $458.6153 |
 grvt | +0.00% | 8h | $5K | $458.9347 |
 Variational | +0.00% | 8h | $1.1M | $458.898 |
 Extended | +0.00% | 1h | $2K | $458.5926 |
 Toobit | +0.00% | 8h | $306K | $459.03 |
 CoinW | +0.00% | 8h | — | $458.75 |
 Phemex | +0.00% | 8h | $1.5M | $459.12 |
 WEEX | -0.38% | 8h | $41K | $458.76 |
| Crypto.comBest Long | -40.63% | 1h | $60K | $458.51 |
TSM 资金费率的含义
资金费率数据更新于 2026-10-01 12:02 UTC
ORBIT 按交易所实时汇总 TSM（TSMC） 代币化（RWA）永续合约在 28 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 TSM 的年化资金费率从 Crypto.com 的 -40.63% 到 WOOFi Pro 的 +10.96% 不等。
TSM 当前最大的跨所资金费率价差为年化 51.6%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Crypto.com 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。
TSM 在所跟踪的永续品种中持仓量排名第 241，各交易所合计持仓量 $21.3M，24 小时成交量 $15.9M，成交量加权标记价格 $458.7675。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 TSM 资金费率最高？
- WOOFi Pro，年化 +10.96%。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，TSM 应在哪家交易所做多？
- Crypto.com 的 TSM 资金费率最低，为年化 -40.63%，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。
- TSM 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Crypto.com 做多 / Hotcoin 做空，扣除成本前约为年化 51.6%。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。
- TSM 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。
- TSM 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -40.63% 到 +10.96%——正是这种分歧创造了跨所套利机会。