XAU 永续合约资金费率 — 各交易所对比
Gold
XAU 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 XAU：做多 Lighter Robinhood / 做空 HTX → 扣除成本后一周 +$13.85（实际结算年化 25.6%）。
- 做多 Lighter Robinhood做空 HTX+$13.85每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +25.6%
- 稳定
- 66%
回本 1 天 - 做多 Lighter做空 HTX+$13.11每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +25.8%
- 稳定
- 66%
回本 1 天 - 做多 Variational做空 HTX+$12.08每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +23.5%
- 稳定
- 69%
回本 2 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
+18.79%
Interval
1h
Open Interest
—
Mark Price
$3,884.9974
+16.11%
Interval
4h
Open Interest
$116.5M
Mark Price
$3,886.08
+14.42%
Interval
1h
Open Interest
$7.5M
Mark Price
$3,881.8
+13.48%
Interval
4h
Open Interest
$3.7M
Mark Price
$3,887.76
+11.62%
Interval
1h
Open Interest
$18K
Mark Price
$3,883.987
+10.96%
Interval
1h
Open Interest
$746K
Mark Price
$3,880.7413
+10.96%
Interval
4h
Open Interest
$111K
Mark Price
$3,882.98
+10.96%
Interval
1h
Open Interest
$105K
Mark Price
$3,885.59
+10.96%
Interval
1h
Open Interest
$3.0M
Mark Price
$3,880.62
+10.96%
Interval
1h
Open Interest
$932K
Mark Price
$3,865.3328
+10.74%
Interval
4h
Open Interest
$564.0M
Mark Price
$3,886.16
+5.97%
Interval
8h
Open Interest
$8K
Mark Price
$3,883.2073
+5.65%
Interval
1h
Open Interest
$49K
Mark Price
$3,878.4
+5.52%
Interval
1h
Open Interest
$11.2M
Mark Price
$3,878.58
+5.52%
Interval
1h
Open Interest
$264K
Mark Price
$3,886.2
+5.48%
Interval
1h
Open Interest
$289.9M
Mark Price
$3,879.9
+5.48%
Interval
1h
Open Interest
$2.0M
Mark Price
$3,879
+5.01%
Interval
1h
Open Interest
$787K
Mark Price
$3,880.74
+3.51%
Interval
1h
Open Interest
$11.3M
Mark Price
$3,881.6
+3.51%
Interval
1h
Open Interest
$3.0M
Mark Price
$3,883.4188
+3.51%
Interval
1h
Open Interest
$8.3M
Mark Price
$3,881.82
+3.13%
Interval
4h
Open Interest
$6.4M
Mark Price
$3,886.1409
+1.71%
Interval
4h
Open Interest
$11.9M
Mark Price
$3,874.1579
+1.57%
Interval
4h
Open Interest
—
Mark Price
$3,886.16
+0.00%
Interval
4h
Open Interest
$492.6M
Mark Price
$3,886.1351
+0.00%
Interval
4h
Open Interest
$118.9M
Mark Price
$3,886.23
+0.00%
Interval
8h
Open Interest
$173.8M
Mark Price
$3,886.1
+0.00%
Interval
4h
Open Interest
$66.3M
Mark Price
$3,885.83
+0.00%
Interval
4h
Open Interest
$33.3M
Mark Price
$3,886.14
+0.00%
Interval
4h
Open Interest
$118.9M
Mark Price
$3,886.31
+0.00%
Interval
4h
Open Interest
$1.8M
Mark Price
$3,887.645
+0.00%
Interval
4h
Open Interest
$81.1M
Mark Price
$3,889.7804
+0.00%
Interval
4h
Open Interest
$921K
Mark Price
$3,886.4
+0.00%
Interval
4h
Open Interest
$32.9M
Mark Price
$3,883.25
+0.00%
Interval
1h
Open Interest
$2.6M
Mark Price
$3,886.55
+0.00%
Interval
4h
Open Interest
$90.1M
Mark Price
$3,886.25
+0.00%
Interval
4h
Open Interest
—
Mark Price
$3,886.14
+0.00%
Interval
4h
Open Interest
—
Mark Price
$3,886.12
+0.00%
Interval
1h
Open Interest
$2.7M
Mark Price
$3,883.2792
+0.00%
Interval
1h
Open Interest
$21K
Mark Price
$3,883.3
-2.78%
Interval
4h
Open Interest
—
Mark Price
$3,886.08
-263.79%
Interval
1h
Open Interest
$40K
Mark Price
$3,873.99
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 BulletBest Short | +18.79% | 1h | — | $3,884.9974 |
 Hotcoin | +16.11% | 4h | $116.5M | $3,886.08 |
 Polymarket | +14.42% | 1h | $7.5M | $3,881.8 |
 Phemex | +13.48% | 4h | $3.7M | $3,887.76 |
 Meridian | +11.62% | 1h | $18K | $3,883.987 |
 Pacifica | +10.96% | 1h | $746K | $3,880.7413 |
 WOOFi Pro | +10.96% | 4h | $111K | $3,882.98 |
 ApeX | +10.96% | 1h | $105K | $3,885.59 |
 TxFlow | +10.96% | 1h | $3.0M | $3,880.62 |
 BULK | +10.96% | 1h | $932K | $3,865.3328 |
 MEXC | +10.74% | 4h | $564.0M | $3,886.16 |
 Paradex | +5.97% | 8h | $8K | $3,883.2073 |
 Phoenix | +5.65% | 1h | $49K | $3,878.4 |
 Ondo | +5.52% | 1h | $11.2M | $3,878.58 |
 PopDEX | +5.52% | 1h | $264K | $3,886.2 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +5.48% | 1h | $289.9M | $3,879.9 |
 SoDEX | +5.48% | 1h | $2.0M | $3,879 |
 Crypto.com | +5.01% | 1h | $787K | $3,880.74 |
 Lighter | +3.51% | 1h | $11.3M | $3,881.6 |
 Extended | +3.51% | 1h | $3.0M | $3,883.4188 |
 Lighter Robinhood | +3.51% | 1h | $8.3M | $3,881.82 |
 Pionex | +3.13% | 4h | $6.4M | $3,886.1409 |
 edgeX V2 | +1.71% | 4h | $11.9M | $3,874.1579 |
 Bitunix | +1.57% | 4h | — | $3,886.16 |
 Binance Futures | +0.00% | 4h | $492.6M | $3,886.1351 |
 Bybit | +0.00% | 4h | $118.9M | $3,886.23 |
 OKX | +0.00% | 8h | $173.8M | $3,886.1 |
 Bitget | +0.00% | 4h | $66.3M | $3,885.83 |
 BloFin | +0.00% | 4h | $33.3M | $3,886.14 |
 Gate.io | +0.00% | 4h | $118.9M | $3,886.31 |
 HTX | +0.00% | 4h | $1.8M | $3,887.645 |
 Aster | +0.00% | 4h | $81.1M | $3,889.7804 |
 grvt | +0.00% | 4h | $921K | $3,886.4 |
 Variational | +0.00% | 4h | $32.9M | $3,883.25 |
 RiseX | +0.00% | 1h | $2.6M | $3,886.55 |
 Toobit | +0.00% | 4h | $90.1M | $3,886.25 |
 CoinW | +0.00% | 4h | — | $3,886.14 |
 LBank | +0.00% | 4h | — | $3,886.12 |
 QFEX | +0.00% | 1h | $2.7M | $3,883.2792 |
 Decibel | +0.00% | 1h | $21K | $3,883.3 |
 WEEXBest Long | -2.78% | 4h | — | $3,886.08 |
 Bluefin | -263.79% | 1h | $40K | $3,873.99 |
XAU 资金费率的含义
资金费率数据更新于 2026-11-14 10:45 UTC
ORBIT 按交易所实时汇总 XAU（Gold） 代币化（RWA）永续合约在 42 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 XAU 的年化资金费率从 Bluefin 的 -263.79% 到 Bullet 的 +18.79% 不等。
XAU 当前最大的跨所资金费率价差为年化 21.6%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 WEEX 做多，在费率最高的 Bullet 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。
XAU 在所跟踪的永续品种中持仓量排名第 5，各交易所合计持仓量 $2.26B，24 小时成交量 $3.00B，成交量加权标记价格 $3,885.2508。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 XAU 资金费率最高？
- Bullet，年化 +18.79%。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，XAU 应在哪家交易所做多？
- Bluefin 的 XAU 资金费率最低，为年化 -263.79%，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。
- XAU 最佳的资金费率套利组合是什么？
- 价差最大的组合是 WEEX 做多 / Bullet 做空，扣除成本前约为年化 21.6%。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。
- XAU 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。
- XAU 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -263.79% 到 +18.79%——正是这种分歧创造了跨所套利机会。