XLM 永续合约资金费率 — 各交易所对比
Stellar
Best Spread
70.8% APR
Long (Lowest)
PhoenixShort (Highest)
Crypto.comMark Price
$0.1444
Total OI
$217.3M
24h Volume
$195.0M
XLM 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，XLM 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
+52.56%
Interval
1h
Open Interest
$66K
Mark Price
$0.1443
+11.40%
Interval
1h
Open Interest
$174K
Mark Price
$0.1441
+10.96%
Interval
1h
Open Interest
$8.7M
Mark Price
$0.1445
+10.96%
Interval
8h
Open Interest
$92K
Mark Price
$0.1444
+10.96%
Interval
8h
Open Interest
$12.6M
Mark Price
$0.1445
+10.96%
Interval
8h
Open Interest
$628K
Mark Price
$0.1442
+10.96%
Interval
1h
Open Interest
$104K
Mark Price
$0.1443
+10.96%
Interval
4h
Open Interest
$4K
Mark Price
$0.1442
+10.96%
Interval
1h
Open Interest
$58K
Mark Price
$0.1444
+10.96%
Interval
4h
Open Interest
$7K
Mark Price
$0.1441
+10.96%
Interval
1h
Open Interest
$107K
Mark Price
$0.1443
+10.96%
Interval
1h
Open Interest
$8.7M
Mark Price
$0.1445
+10.96%
Interval
1h
Open Interest
$8.7M
Mark Price
$0.1445
+10.96%
Interval
1h
Open Interest
$8.7M
Mark Price
$0.1445
+10.96%
Interval
1h
Open Interest
$8.7M
Mark Price
$0.1445
+10.52%
Interval
1h
Open Interest
$198K
Mark Price
$0.1445
+7.34%
Interval
8h
Open Interest
$419K
Mark Price
$0.1442
+5.37%
Interval
8h
Open Interest
$2.2M
Mark Price
$0.1443
+5.37%
Interval
8h
Open Interest
$17.3M
Mark Price
$0.1444
+4.78%
Interval
8h
Open Interest
$1.3M
Mark Price
$0.1445
+4.00%
Interval
8h
Open Interest
$2.2M
Mark Price
$0.1442
+3.91%
Interval
8h
Open Interest
—
Mark Price
$0.1444
+3.68%
Interval
8h
Open Interest
$29.3M
Mark Price
$0.1445
+3.68%
Interval
8h
Open Interest
$2.3M
Mark Price
$0.1445
+3.68%
Interval
8h
Open Interest
$26.3M
Mark Price
$0.1445
+3.68%
Interval
8h
Open Interest
—
Mark Price
$0.1444
+3.62%
Interval
8h
Open Interest
$395K
Mark Price
$0.1442
+3.60%
Interval
8h
Open Interest
$793K
Mark Price
$0.1444
+3.55%
Interval
8h
Open Interest
—
Mark Price
$0.1443
+3.51%
Interval
8h
Open Interest
$17.5M
Mark Price
$0.1444
+2.11%
Interval
8h
Open Interest
$6.4M
Mark Price
$0.1445
+0.00%
Interval
1h
Open Interest
$29K
Mark Price
$0.1444
-0.71%
Interval
8h
Open Interest
$27.0M
Mark Price
$0.1444
-1.01%
Interval
8h
Open Interest
$9.0M
Mark Price
$0.1444
-2.52%
Interval
8h
Open Interest
$17.2M
Mark Price
$0.1445
-10.47%
Interval
1h
Open Interest
$67K
Mark Price
$0.1441
-16.62%
Interval
1h
Open Interest
$0K
Mark Price
$0.1444
-18.19%
Interval
1h
Open Interest
$23K
Mark Price
$0.1446
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| Crypto.comBest Short | +52.56% | 1h | $66K | $0.1443 |
 Extended | +11.40% | 1h | $174K | $0.1441 |
 Hyperliquid | +10.96% | 1h | $8.7M | $0.1445 |
 HTX | +10.96% | 8h | $92K | $0.1444 |
 KuCoin | +10.96% | 8h | $12.6M | $0.1445 |
 Aster | +10.96% | 8h | $628K | $0.1442 |
 Backpack | +10.96% | 1h | $104K | $0.1443 |
 WOOFi Pro | +10.96% | 4h | $4K | $0.1442 |
 ApeX | +10.96% | 1h | $58K | $0.1444 |
 edgeX V2 | +10.96% | 4h | $7K | $0.1441 |
 PopDEX | +10.96% | 1h | $107K | $0.1443 |
 dreamcash | +10.96% | 1h | $8.7M | $0.1445 |
 Ventuals | +10.96% | 1h | $8.7M | $0.1445 |
 Kinetiq | +10.96% | 1h | $8.7M | $0.1445 |
 Entropy | +10.96% | 1h | $8.7M | $0.1445 |
 Lighter | +10.52% | 1h | $198K | $0.1445 |
 Variational | +7.34% | 8h | $419K | $0.1442 |
 BingX | +5.37% | 8h | $2.2M | $0.1443 |
 Bitget | +5.37% | 8h | $17.3M | $0.1444 |
 BloFin | +4.78% | 8h | $1.3M | $0.1445 |
 Hotcoin | +4.00% | 8h | $2.2M | $0.1442 |
 Bitunix | +3.91% | 8h | — | $0.1444 |
 Binance Futures | +3.68% | 8h | $29.3M | $0.1445 |
 Toobit | +3.68% | 8h | $2.3M | $0.1445 |
 WEEX | +3.68% | 8h | $26.3M | $0.1445 |
 LBank | +3.68% | 8h | — | $0.1444 |
 grvt | +3.62% | 8h | $395K | $0.1442 |
 Pionex | +3.60% | 8h | $793K | $0.1444 |
 CoinW | +3.55% | 8h | — | $0.1443 |
 MEXC | +3.51% | 8h | $17.5M | $0.1444 |
 Phemex | +2.11% | 8h | $6.4M | $0.1445 |
 dYdX | +0.00% | 1h | $29K | $0.1444 |
 Bybit | -0.71% | 8h | $27.0M | $0.1444 |
 OKX | -1.01% | 8h | $9.0M | $0.1444 |
 Gate.io | -2.52% | 8h | $17.2M | $0.1445 |
 TxFlow | -10.47% | 1h | $67K | $0.1441 |
 SoDEX | -16.62% | 1h | $0K | $0.1444 |
| PhoenixBest Long | -18.19% | 1h | $23K | $0.1446 |
XLM 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 XLM（Stellar） 永续合约在 38 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 XLM 的年化资金费率从 Phoenix 的 -18.19% 到 Crypto.com 的 +52.56% 不等。
XLM 当前最大的跨所资金费率价差为年化 70.8%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Phoenix 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。
XLM 在所跟踪的永续品种中持仓量排名第 58，各交易所合计持仓量 $217.3M，24 小时成交量 $195.0M，成交量加权标记价格 $0.1444。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 XLM 资金费率最高？
- Crypto.com，年化 +52.56%。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，XLM 应在哪家交易所做多？
- Phoenix 的 XLM 资金费率最低，为年化 -18.19%，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。
- XLM 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Phoenix 做多 / Crypto.com 做空，扣除成本前约为年化 70.8%。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。
- XLM 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。
- XLM 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -18.19% 到 +52.56%——正是这种分歧创造了跨所套利机会。