ZEC 永续合约资金费率 — 各交易所对比
Zcash
ZEC 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 ZEC：做多 BULK / 做空 Variational → 扣除成本后一周 +$6.47（实际结算年化 9.8%）。
- 做多 BULK做空 Variational+$6.47每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +9.8%
- 稳定
- 38%
回本 3 天 - 做多 NADO做空 Variational+$4.27每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +9.0%
- 稳定
- 65%
回本 3 天 - 做多 BULK做空 Lighter Robinhood+$2.81每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +9.3%
- 稳定
- 34%
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
+22.62%
Interval
8h
Open Interest
$19.2M
Mark Price
$908.31
+17.01%
Interval
1h
Open Interest
$1.0M
Mark Price
$907.185
+14.24%
Interval
8h
Open Interest
$29.2M
Mark Price
$907.26
+11.40%
Interval
1h
Open Interest
$458K
Mark Price
$906.479
+10.96%
Interval
8h
Open Interest
$416.0M
Mark Price
$907.4755
+10.96%
Interval
8h
Open Interest
$38.1M
Mark Price
$907.02
+10.96%
Interval
8h
Open Interest
$155.2M
Mark Price
$907.12
+10.96%
Interval
8h
Open Interest
$2.9M
Mark Price
$907.395
+10.96%
Interval
8h
Open Interest
$59.2M
Mark Price
$907.17
+10.96%
Interval
8h
Open Interest
$111.8M
Mark Price
$907.58
+10.96%
Interval
8h
Open Interest
$7.2M
Mark Price
$907.48
+10.96%
Interval
1h
Open Interest
$1.1M
Mark Price
$907.4
+10.96%
Interval
1h
Open Interest
$1.4M
Mark Price
$906.49
+10.96%
Interval
8h
Open Interest
$1.7M
Mark Price
$907.4
+10.96%
Interval
8h
Open Interest
$13.4M
Mark Price
$906.11
+10.96%
Interval
4h
Open Interest
$476K
Mark Price
$906.7649
+10.96%
Interval
1h
Open Interest
$108K
Mark Price
$906.6057
+10.96%
Interval
1h
Open Interest
$195K
Mark Price
$907.95
+10.96%
Interval
8h
Open Interest
$11.5M
Mark Price
$907.59
+10.96%
Interval
1h
Open Interest
$130K
Mark Price
$907.29
+10.96%
Interval
8h
Open Interest
—
Mark Price
$907.44
+10.96%
Interval
8h
Open Interest
$141.1M
Mark Price
$907
+10.96%
Interval
8h
Open Interest
$2.2M
Mark Price
$906.8288
+10.96%
Interval
8h
Open Interest
—
Mark Price
$906.46
+10.96%
Interval
8h
Open Interest
—
Mark Price
$907.11
+10.96%
Interval
1h
Open Interest
$663K
Mark Price
$906.23
+10.96%
Interval
1h
Open Interest
$818K
Mark Price
$906.584
+10.96%
Interval
1h
Open Interest
$503K
Mark Price
$906.2705
+10.96%
Interval
1h
Open Interest
$227K
Mark Price
$907.36
+10.96%
Interval
8h
Open Interest
$2.1M
Mark Price
$907.52
+10.96%
Interval
1h
Open Interest
$11K
Mark Price
$906.14
+10.95%
Interval
1h
Open Interest
$1.7M
Mark Price
$912.38
+10.92%
Interval
8h
Open Interest
$1K
Mark Price
$907
+10.52%
Interval
1h
Open Interest
$9.5M
Mark Price
$907.539
+10.52%
Interval
1h
Open Interest
$1.3M
Mark Price
$908.58
+10.01%
Interval
1h
Open Interest
$9K
Mark Price
$906.7746
+7.50%
Interval
8h
Open Interest
$52K
Mark Price
$906.4468
+7.39%
Interval
1h
Open Interest
$246K
Mark Price
$907.59
+5.09%
Interval
1h
Open Interest
$30K
Mark Price
$905.6182
+2.34%
Interval
8h
Open Interest
$125.1M
Mark Price
$906.74
+0.88%
Interval
1h
Open Interest
$3K
Mark Price
$906.48
+0.44%
Interval
8h
Open Interest
$100.6M
Mark Price
$907.82
+0.00%
Interval
8h
Open Interest
$143.7M
Mark Price
$907.04
+0.00%
Interval
1h
Open Interest
$149K
Mark Price
$907.48
+0.00%
Interval
1h
Open Interest
$30K
Mark Price
$906.67
-0.18%
Interval
1h
Open Interest
$347.2M
Mark Price
$907.77
-0.18%
Interval
1h
Open Interest
$347.2M
Mark Price
$907.77
-0.18%
Interval
1h
Open Interest
$347.2M
Mark Price
$907.77
-0.18%
Interval
1h
Open Interest
$347.2M
Mark Price
$907.77
-0.18%
Interval
1h
Open Interest
$347.2M
Mark Price
$907.77
-1.37%
Interval
1h
Open Interest
$475K
Mark Price
$907.1
-2.18%
Interval
8h
Open Interest
$298K
Mark Price
$906.94
-6.06%
Interval
1h
Open Interest
$668K
Mark Price
$907.0507
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 BloFinBest Short | +22.62% | 8h | $19.2M | $908.31 |
 RiseX | +17.01% | 1h | $1.0M | $907.185 |
 Hotcoin | +14.24% | 8h | $29.2M | $907.26 |
 Extended | +11.40% | 1h | $458K | $906.479 |
 Binance Futures | +10.96% | 8h | $416.0M | $907.4755 |
 BingX | +10.96% | 8h | $38.1M | $907.02 |
 Gate.io | +10.96% | 8h | $155.2M | $907.12 |
 HTX | +10.96% | 8h | $2.9M | $907.395 |
 KuCoin | +10.96% | 8h | $59.2M | $907.17 |
 MEXC | +10.96% | 8h | $111.8M | $907.58 |
 Aster | +10.96% | 8h | $7.2M | $907.48 |
 Pacifica | +10.96% | 1h | $1.1M | $907.4 |
 Backpack | +10.96% | 1h | $1.4M | $906.49 |
 grvt | +10.96% | 8h | $1.7M | $907.4 |
 Variational | +10.96% | 8h | $13.4M | $906.11 |
 edgeX V2 | +10.96% | 4h | $476K | $906.7649 |
 Ondo | +10.96% | 1h | $108K | $906.6057 |
 SoDEX | +10.96% | 1h | $195K | $907.95 |
 Toobit | +10.96% | 8h | $11.5M | $907.59 |
 Bullet | +10.96% | 1h | $130K | $907.29 |
 Bitunix | +10.96% | 8h | — | $907.44 |
 WEEX | +10.96% | 8h | $141.1M | $907 |
 Pionex | +10.96% | 8h | $2.2M | $906.8288 |
 CoinW | +10.96% | 8h | — | $906.46 |
 LBank | +10.96% | 8h | — | $907.11 |
 TxFlow | +10.96% | 1h | $663K | $906.23 |
 Arcus | +10.96% | 1h | $818K | $906.584 |
 BULK | +10.96% | 1h | $503K | $906.2705 |
 PopDEX | +10.96% | 1h | $227K | $907.36 |
 Phemex | +10.96% | 8h | $2.1M | $907.52 |
 Decibel | +10.96% | 1h | $11K | $906.14 |
 Phoenix | +10.95% | 1h | $1.7M | $912.38 |
 Katana Perps | +10.92% | 8h | $1K | $907 |
 Lighter | +10.52% | 1h | $9.5M | $907.539 |
 Lighter Robinhood | +10.52% | 1h | $1.3M | $908.58 |
 Meridian | +10.01% | 1h | $9K | $906.7746 |
 Paradex | +7.50% | 8h | $52K | $906.4468 |
 ApeX | +7.39% | 1h | $246K | $907.59 |
 Aftermath | +5.09% | 1h | $30K | $905.6182 |
 OKX | +2.34% | 8h | $125.1M | $906.74 |
 N1 | +0.88% | 1h | $3K | $906.48 |
 Bitget | +0.44% | 8h | $100.6M | $907.82 |
 Bybit | +0.00% | 8h | $143.7M | $907.04 |
 dYdX | +0.00% | 1h | $149K | $907.48 |
 Perpl | +0.00% | 1h | $30K | $906.67 |
 Hyperliquid | -0.18% | 1h | $347.2M | $907.77 |
 dreamcash | -0.18% | 1h | $347.2M | $907.77 |
 Ventuals | -0.18% | 1h | $347.2M | $907.77 |
 Kinetiq | -0.18% | 1h | $347.2M | $907.77 |
 Entropy | -0.18% | 1h | $347.2M | $907.77 |
 Polymarket | -1.37% | 1h | $475K | $907.1 |
 WOOFi Pro | -2.18% | 8h | $298K | $906.94 |
 NADOBest Long | -6.06% | 1h | $668K | $907.0507 |
ZEC 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 ZEC（Zcash） 永续合约在 53 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 ZEC 的年化资金费率从 NADO 的 -6.06% 到 BloFin 的 +22.62% 不等。
ZEC 当前最大的跨所资金费率价差为年化 28.7%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 NADO 做多，在费率最高的 BloFin 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。
ZEC 在所跟踪的永续品种中持仓量排名第 7，各交易所合计持仓量 $3.14B，24 小时成交量 $7.46B，成交量加权标记价格 $907.5524。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 ZEC 资金费率最高？
- BloFin，年化 +22.62%。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，ZEC 应在哪家交易所做多？
- NADO 的 ZEC 资金费率最低，为年化 -6.06%，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。
- ZEC 最佳的资金费率套利组合是什么？
- 价差最大的组合是 NADO 做多 / BloFin 做空，扣除成本前约为年化 28.7%。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。
- ZEC 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。
- ZEC 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -6.06% 到 +22.62%——正是这种分歧创造了跨所套利机会。