ZRO 永续合约资金费率 — 各交易所对比
LayerZero
Best Spread
84.0% APR
Long (Lowest)
Crypto.comShort (Highest)
BloFinMark Price
$1.5262
Total OI
$334.4M
24h Volume
$143.8M
ZRO 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 ZRO：做多 MEXC / 做空 BloFin → 扣除成本后一周 +$19.49（实际结算年化 17.3%）。
- 做多 MEXC做空 BloFin+$19.49每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +17.3%
- 稳定
- 77%
回本 3 天 - 做多 Variational做空 BloFin+$14.50每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +15.1%
- 稳定
- 72%
回本 3 天 - 做多 Binance Futures做空 BloFin+$12.22每周（$10k）, 扣除成本后
- 实际结算，7 天均值
- +17.3%
- 稳定
- 77%
回本 5 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
+43.83%
Interval
4h
Open Interest
$1.1M
Mark Price
$1.5245
+12.09%
Interval
4h
Open Interest
$2K
Mark Price
$1.524
+11.40%
Interval
1h
Open Interest
$268K
Mark Price
$1.5247
+10.96%
Interval
4h
Open Interest
$24.6M
Mark Price
$1.5264
+10.96%
Interval
1h
Open Interest
$43.4M
Mark Price
$1.5267
+10.96%
Interval
4h
Open Interest
$2.3M
Mark Price
$1.525
+10.96%
Interval
4h
Open Interest
$8.0M
Mark Price
$1.524
+10.96%
Interval
4h
Open Interest
$2.8M
Mark Price
$1.5257
+10.96%
Interval
4h
Open Interest
$7.2M
Mark Price
$1.5243
+10.96%
Interval
4h
Open Interest
$159K
Mark Price
$1.526
+10.96%
Interval
1h
Open Interest
$95K
Mark Price
$1.5288
+10.96%
Interval
1h
Open Interest
$13K
Mark Price
$1.509
+10.96%
Interval
1h
Open Interest
$433K
Mark Price
$1.528
+10.96%
Interval
4h
Open Interest
$1.5M
Mark Price
$1.5268
+10.96%
Interval
4h
Open Interest
—
Mark Price
$1.5253
+10.96%
Interval
4h
Open Interest
$1.9M
Mark Price
$1.5252
+10.96%
Interval
4h
Open Interest
$24.6M
Mark Price
$1.5255
+10.96%
Interval
4h
Open Interest
$41K
Mark Price
$1.5255
+10.96%
Interval
4h
Open Interest
—
Mark Price
$1.5256
+10.96%
Interval
4h
Open Interest
—
Mark Price
$1.5256
+10.96%
Interval
1h
Open Interest
$92K
Mark Price
$1.5238
+10.96%
Interval
1h
Open Interest
$46K
Mark Price
$1.525
+10.96%
Interval
1h
Open Interest
$177K
Mark Price
$1.5278
+10.96%
Interval
1h
Open Interest
$43.4M
Mark Price
$1.5267
+10.96%
Interval
1h
Open Interest
$43.4M
Mark Price
$1.5267
+10.96%
Interval
1h
Open Interest
$43.4M
Mark Price
$1.5267
+10.96%
Interval
1h
Open Interest
$43.4M
Mark Price
$1.5267
+10.52%
Interval
1h
Open Interest
$4.9M
Mark Price
$1.526
+10.52%
Interval
1h
Open Interest
$27K
Mark Price
$1.5258
+9.99%
Interval
1h
Open Interest
$84K
Mark Price
$1.5255
+2.89%
Interval
4h
Open Interest
$47K
Mark Price
$1.5247
-2.63%
Interval
4h
Open Interest
$3.6M
Mark Price
$1.5248
-3.30%
Interval
4h
Open Interest
$23.9M
Mark Price
$1.5242
-3.54%
Interval
1h
Open Interest
$8K
Mark Price
$1.524
-3.74%
Interval
4h
Open Interest
$6.2M
Mark Price
$1.5254
-18.39%
Interval
4h
Open Interest
$3.4M
Mark Price
$1.5241
-28.35%
Interval
1h
Open Interest
$33K
Mark Price
$1.5461
-37.03%
Interval
1h
Open Interest
$160K
Mark Price
$1.5247
-40.16%
Interval
1h
Open Interest
$12K
Mark Price
$1.5232
-41.20%
Interval
1h
Open Interest
$0K
Mark Price
$1.5225
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
| BloFinBest Short | +43.83% | 4h | $1.1M | $1.5245 |
 edgeX V2 | +12.09% | 4h | $2K | $1.524 |
 Extended | +11.40% | 1h | $268K | $1.5247 |
 Binance Futures | +10.96% | 4h | $24.6M | $1.5264 |
 Hyperliquid | +10.96% | 1h | $43.4M | $1.5267 |
 BingX | +10.96% | 4h | $2.3M | $1.525 |
 Gate.io | +10.96% | 4h | $8.0M | $1.524 |
 KuCoin | +10.96% | 4h | $2.8M | $1.5257 |
 MEXC | +10.96% | 4h | $7.2M | $1.5243 |
 Aster | +10.96% | 4h | $159K | $1.526 |
 Pacifica | +10.96% | 1h | $95K | $1.5288 |
 ApeX | +10.96% | 1h | $13K | $1.509 |
 NADO | +10.96% | 1h | $433K | $1.528 |
 Toobit | +10.96% | 4h | $1.5M | $1.5268 |
 Bitunix | +10.96% | 4h | — | $1.5253 |
 Hotcoin | +10.96% | 4h | $1.9M | $1.5252 |
 WEEX | +10.96% | 4h | $24.6M | $1.5255 |
 Pionex | +10.96% | 4h | $41K | $1.5255 |
 CoinW | +10.96% | 4h | — | $1.5256 |
 LBank | +10.96% | 4h | — | $1.5256 |
 TxFlow | +10.96% | 1h | $92K | $1.5238 |
 Arcus | +10.96% | 1h | $46K | $1.525 |
 Polymarket | +10.96% | 1h | $177K | $1.5278 |
 dreamcash | +10.96% | 1h | $43.4M | $1.5267 |
 Ventuals | +10.96% | 1h | $43.4M | $1.5267 |
 Kinetiq | +10.96% | 1h | $43.4M | $1.5267 |
 Entropy | +10.96% | 1h | $43.4M | $1.5267 |
 Lighter | +10.52% | 1h | $4.9M | $1.526 |
 Lighter Robinhood | +10.52% | 1h | $27K | $1.5258 |
 RiseX | +9.99% | 1h | $84K | $1.5255 |
 WOOFi Pro | +2.89% | 4h | $47K | $1.5247 |
 Bitget | -2.63% | 4h | $3.6M | $1.5248 |
 Bybit | -3.30% | 4h | $23.9M | $1.5242 |
 Decibel | -3.54% | 1h | $8K | $1.524 |
 OKX | -3.74% | 4h | $6.2M | $1.5254 |
 Variational | -18.39% | 4h | $3.4M | $1.5241 |
 Phoenix | -28.35% | 1h | $33K | $1.5461 |
 Backpack | -37.03% | 1h | $160K | $1.5247 |
| Crypto.comBest Long | -40.16% | 1h | $12K | $1.5232 |
 N1 | -41.20% | 1h | $0K | $1.5225 |
ZRO 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 ZRO（LayerZero） 永续合约在 40 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 ZRO 的年化资金费率从 N1 的 -41.20% 到 BloFin 的 +43.83% 不等。
ZRO 当前最大的跨所资金费率价差为年化 84.0%。德尔塔中性的跨所套利正是赚取这一差额：在费率最低的 Crypto.com 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。
ZRO 在所跟踪的永续品种中持仓量排名第 60，各交易所合计持仓量 $334.4M，24 小时成交量 $143.8M，成交量加权标记价格 $1.5262。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 ZRO 资金费率最高？
- BloFin，年化 +43.83%。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，ZRO 应在哪家交易所做多？
- N1 的 ZRO 资金费率最低，为年化 -41.20%，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。
- ZRO 最佳的资金费率套利组合是什么？
- 价差最大的组合是 Crypto.com 做多 / BloFin 做空，扣除成本前约为年化 84.0%。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。
- ZRO 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）。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。
- ZRO 的资金费率目前是正还是负？
- 各交易所正负不一，年化从 -41.20% 到 +43.83%——正是这种分歧创造了跨所套利机会。