ZHIPU 永续合约资金费率 — 各交易所对比
Zhipu AI (pre-IPO)
ZHIPU 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,ZHIPU 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
+108.86%
Interval
1h
Open Interest
$2K
Mark Price
$81.73
+16.87%
Interval
4h
Open Interest
$191K
Mark Price
$81.75
+10.96%
Interval
8h
Open Interest
$1K
Mark Price
$81.67
+10.96%
Interval
1h
Open Interest
$24K
Mark Price
$81.7407
+10.96%
Interval
1h
Open Interest
$5K
Mark Price
$81.68
+10.25%
Interval
4h
Open Interest
$81K
Mark Price
$81.72
+5.52%
Interval
1h
Open Interest
$27K
Mark Price
$81.7022
+5.52%
Interval
1h
Open Interest
$106K
Mark Price
$81.66
+5.48%
Interval
1h
Open Interest
$11.8M
Mark Price
$81.753
+5.48%
Interval
1h
Open Interest
$25K
Mark Price
$81.71
+3.51%
Interval
1h
Open Interest
$100K
Mark Price
$81.74
+0.65%
Interval
4h
Open Interest
$1.0M
Mark Price
$81.7
+0.00%
Interval
8h
Open Interest
$2.4M
Mark Price
$81.72
+0.00%
Interval
8h
Open Interest
$5.6M
Mark Price
$81.72
+0.00%
Interval
8h
Open Interest
$5.0M
Mark Price
$81.77
+0.00%
Interval
8h
Open Interest
$2.1M
Mark Price
$81.75
+0.00%
Interval
4h
Open Interest
$45K
Mark Price
$81.75
+0.00%
Interval
4h
Open Interest
$3.0M
Mark Price
$81.7
+0.00%
Interval
8h
Open Interest
$56K
Mark Price
$81.6687
+0.00%
Interval
4h
Open Interest
$137K
Mark Price
$81.72
+0.00%
Interval
4h
Open Interest
—
Mark Price
$81.68
+0.00%
Interval
4h
Open Interest
—
Mark Price
$81.72
-2.98%
Interval
4h
Open Interest
—
Mark Price
$81.73
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| +108.86% | 1h | $2K | $81.73 | |
| +16.87% | 4h | $191K | $81.75 | |
| +10.96% | 8h | $1K | $81.67 | |
| +10.96% | 1h | $24K | $81.7407 | |
| +10.96% | 1h | $5K | $81.68 | |
| +10.25% | 4h | $81K | $81.72 | |
| +5.52% | 1h | $27K | $81.7022 | |
| +5.52% | 1h | $106K | $81.66 | |
| +5.48% | 1h | $11.8M | $81.753 | |
| +5.48% | 1h | $25K | $81.71 | |
| +3.51% | 1h | $100K | $81.74 | |
| +0.65% | 4h | $1.0M | $81.7 | |
| +0.00% | 8h | $2.4M | $81.72 | |
| +0.00% | 8h | $5.6M | $81.72 | |
| +0.00% | 8h | $5.0M | $81.77 | |
| +0.00% | 8h | $2.1M | $81.75 | |
| +0.00% | 4h | $45K | $81.75 | |
| +0.00% | 4h | $3.0M | $81.7 | |
| +0.00% | 8h | $56K | $81.6687 | |
| +0.00% | 4h | $137K | $81.72 | |
| +0.00% | 4h | — | $81.68 | |
| +0.00% | 4h | — | $81.72 | |
| -2.98% | 4h | — | $81.73 |
ZHIPU 资金费率的含义
资金费率数据更新于 2026-10-01 12:05 UTC
ORBIT 按交易所实时汇总 ZHIPU(Zhipu AI (pre-IPO)) 代币化(RWA)永续合约在 23 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 ZHIPU 的年化资金费率从 Bitunix 的 -2.98% 到 Crypto.com 的 +108.86% 不等。
ZHIPU 当前最大的跨所资金费率价差为年化 19.9%。德尔塔中性的跨所套利正是赚取这一差额:在费率最低的 Bitunix 做多,在费率最高的 KuCoin 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。
ZHIPU 在所跟踪的永续品种中持仓量排名第 177,各交易所合计持仓量 $31.8M,24 小时成交量 $9.3M,成交量加权标记价格 $81.7395。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 ZHIPU 资金费率最高?
- Crypto.com,年化 +108.86%。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,ZHIPU 应在哪家交易所做多?
- Bitunix 的 ZHIPU 资金费率最低,为年化 -2.98%,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。
- ZHIPU 最佳的资金费率套利组合是什么?
- 价差最大的组合是 Bitunix 做多 / KuCoin 做空,扣除成本前约为年化 19.9%。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。
- ZHIPU 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。
- ZHIPU 的资金费率目前是正还是负?
- 各交易所正负不一,年化从 -2.98% 到 +108.86%——正是这种分歧创造了跨所套利机会。