XCU 永续合约资金费率 — 各交易所对比
Copper
Best Spread
150.1% APR
Long (Lowest)
PionexShort (Highest)
Crypto.comMark Price
$6.5584
Total OI
$35.9M
24h Volume
$44.3M
XCU 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 XCU：做多 Variational / 做空 Gate.io → 扣除成本后一周 +$23.97（实际结算年化 28.3%）。
- 做多 Variational做空 Gate.io+$23.97每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +28.3%
- 稳定
- 60%
回本 2 天 - 做多 Variational做空 Bitget+$23.62每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +23.2%
- 稳定
- 58%
回本 2 天 - 做多 MEXC做空 Gate.io+$15.80每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +27.5%
- 稳定
- 58%
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
+149.14%
Interval
1h
Open Interest
$23K
Mark Price
$6.553
+101.37%
Interval
4h
Open Interest
$494K
Mark Price
$6.561
+51.72%
Interval
1h
Open Interest
$458K
Mark Price
$6.5703
+45.80%
Interval
4h
Open Interest
$445K
Mark Price
$6.561
+43.25%
Interval
8h
Open Interest
$410K
Mark Price
$6.5622
+36.49%
Interval
8h
Open Interest
$507K
Mark Price
$6.562
+24.98%
Interval
4h
Open Interest
$1.6M
Mark Price
$6.559
+23.89%
Interval
4h
Open Interest
—
Mark Price
$6.56
+23.23%
Interval
4h
Open Interest
—
Mark Price
$6.558
+12.71%
Interval
4h
Open Interest
$96K
Mark Price
$6.5629
+10.96%
Interval
1h
Open Interest
$11K
Mark Price
$6.5533
+10.96%
Interval
8h
Open Interest
$3K
Mark Price
$6.565
+10.96%
Interval
1h
Open Interest
$32K
Mark Price
$6.557
+7.93%
Interval
8h
Open Interest
$1K
Mark Price
$6.5619
+6.51%
Interval
1h
Open Interest
$1.2M
Mark Price
$6.551
+5.52%
Interval
1h
Open Interest
$83K
Mark Price
$6.552
+5.48%
Interval
1h
Open Interest
$6.7M
Mark Price
$6.555
+5.48%
Interval
1h
Open Interest
$0K
Mark Price
$6.5525
+5.11%
Interval
4h
Open Interest
$47K
Mark Price
$6.562
+3.51%
Interval
1h
Open Interest
$656K
Mark Price
$6.5549
+3.08%
Interval
4h
Open Interest
—
Mark Price
$6.558
+0.36%
Interval
1h
Open Interest
$79K
Mark Price
$6.5751
+0.00%
Interval
4h
Open Interest
$40K
Mark Price
$6.5645
+0.00%
Interval
4h
Open Interest
$17.4M
Mark Price
$6.559
+0.00%
Interval
4h
Open Interest
$34K
Mark Price
$6.5595
+0.00%
Interval
4h
Open Interest
$1.2M
Mark Price
$6.5559
+0.00%
Interval
4h
Open Interest
—
Mark Price
$6.565
+0.00%
Interval
4h
Open Interest
—
Mark Price
$6.558
+0.00%
Interval
4h
Open Interest
$4.0M
Mark Price
$6.561
-0.65%
Interval
4h
Open Interest
$75K
Mark Price
$6.5593
-1.00%
Interval
4h
Open Interest
$359K
Mark Price
$6.5611
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| Crypto.comBest Short | +149.14% | 1h | $23K | $6.553 |
 Toobit | +101.37% | 4h | $494K | $6.561 |
 Lighter | +51.72% | 1h | $458K | $6.5703 |
 KuCoin | +45.80% | 4h | $445K | $6.561 |
 OKX | +43.25% | 8h | $410K | $6.5622 |
 Gate.io | +36.49% | 8h | $507K | $6.562 |
 Bitget | +24.98% | 4h | $1.6M | $6.559 |
 Hotcoin | +23.89% | 4h | — | $6.56 |
 WEEX | +23.23% | 4h | — | $6.558 |
 grvt | +12.71% | 4h | $96K | $6.5629 |
 Pacifica | +10.96% | 1h | $11K | $6.5533 |
 WOOFi Pro | +10.96% | 8h | $3K | $6.565 |
 TxFlow | +10.96% | 1h | $32K | $6.557 |
 Paradex | +7.93% | 8h | $1K | $6.5619 |
 QFEX | +6.51% | 1h | $1.2M | $6.551 |
 Ondo | +5.52% | 1h | $83K | $6.552 |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ] | +5.48% | 1h | $6.7M | $6.555 |
 SoDEX | +5.48% | 1h | $0K | $6.5525 |
 BloFin | +5.11% | 4h | $47K | $6.562 |
 Extended | +3.51% | 1h | $656K | $6.5549 |
 Bitunix | +3.08% | 4h | — | $6.558 |
 Phoenix | +0.36% | 1h | $79K | $6.5751 |
 HTX | +0.00% | 4h | $40K | $6.5645 |
 MEXC | +0.00% | 4h | $17.4M | $6.559 |
 Aster | +0.00% | 4h | $34K | $6.5595 |
 Variational | +0.00% | 4h | $1.2M | $6.5559 |
 CoinW | +0.00% | 4h | — | $6.565 |
 LBank | +0.00% | 4h | — | $6.558 |
 Phemex | +0.00% | 4h | $4.0M | $6.561 |
 edgeX V2 | -0.65% | 4h | $75K | $6.5593 |
| PionexBest Long | -1.00% | 4h | $359K | $6.5611 |
XCU 资金费率的含义
资金费率数据更新于 2026-10-01 15:15 UTC
ORBIT 按交易所实时汇总 XCU（Copper） 代币化（RWA）永续合约在 31 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 XCU 的年化资金费率从 Pionex 的 -1.00% 到 Crypto.com 的 +149.14% 不等。
XCU 当前最大的跨所资金费率价差为年化 150.1%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Pionex 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。
XCU 在所跟踪的永续品种中持仓量排名第 154，各交易所合计持仓量 $35.9M，24 小时成交量 $44.3M，成交量加权标记价格 $6.5584。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 XCU 资金费率最高？
- Crypto.com，年化 +149.14%。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，XCU 应在哪家交易所做多？
- Pionex 的 XCU 资金费率最低，为年化 -1.00%，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。
- XCU 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Pionex 做多 / Crypto.com 做空，扣除成本前约为年化 150.1%。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。
- XCU 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。
- XCU 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -1.00% 到 +149.14%——正是这种分歧创造了跨所套利机会。