永续 DEX 流动性现状
各家永续合约交易所的持仓量和成交量究竟分布在哪里，每个资产在实时订单簿上能承接多大的量，以及各交易所对持仓成本的判断相差多远。数据与扫描器同源，因此这里的数字不会和站内其他页面对不上。
Updated 2026-09-18 21:22 UTC · 171 days of funding history, 132 days of orderbook history
Venue market shares
Open interest and 24h volume, summed from the latest snapshot of every active market. Shares are of the verified total.
Hyperliquid↗$12.4B40.5%![trade[XYZ]](/icons/exchanges/hl-xyz.svg)
trade[XYZ]↗$3.8B12.2%
Variational↗$748M2.4%
Lighter Robinhood↗$205M0.7%
In this tab: 35 venues, 3439 markets. Shares are computed within the tab.
Fastest growing venues (30 days)
Change in open interest versus 30 days ago. Venues with less than $1M of open interest a month ago are not ranked — a jump from a tiny base says nothing about a venue.
Deepest assets by executable depth
Dollars resting in the orderbook within 50% of mid, summed across venues, on the thinner side of each book. This is what a position can actually be filled against, not notional open interest.
Where venues disagree most on funding
Annualised funding across venues for the same asset, as a p10–p90 range. Assets whose median is itself extreme are excluded — that is a market at its funding cap, not venues disagreeing.
- VEVELODROMEBinance Futures → Bybit11% … 413%7 venues
AINBitget → Pionex-230% … 95%10 venues
RAVEBitget → Bybit41% … 364%11 venues
BLESSgrvt → BingX10% … 324%10 venues- GPGPROQFEX → OKX42% … 311%6 venues
AKEHTX → Gate.io-250% … -9%13 venues
POWRBybit → Gate.io-206% … 11%7 venues- ARARIABinance Futures → Bybit11% … 216%8 venues
Method: open interest and volume are each venue's own reported figures, taken from the latest snapshot per market. Depth is measured by walking the published orderbook — we see the 50 levels each venue publishes, so where a book hits that cap the real depth is larger than shown, and hidden or iceberg liquidity is invisible to everyone. Funding is annualised from each market's own settlement interval. Nothing here is a recommendation to trade.
这些数字是怎么来的
持仓量与成交量是各交易所自行上报的数字，取自我们为每个市场保存的最新快照。 我们直接读取各家自己的公开 API，不从数据商采购，也不复制其他聚合器的结果。
深度通过扫描公开订单簿测得：统计距中间价 50% 以内的挂单金额， 并取每个订单簿较薄的一侧 — 这才是仓位真正能成交的对手盘，而不是名义持仓量。 需要说明的是，我们只能看到各交易所公布的 50 个价格档位，因此订单簿触及该上限时， 真实深度会高于显示值；隐藏单与冰山单对所有人都不可见。
资金费率分歧以同一资产在各交易所年化费率的 p10–p90 区间表示。 中位数本身就处于极值的资产会被排除 — 那是整个市场触及费率上限，而不是交易所之间真的有分歧。
上报数据不可信的交易所会被剔除出占比统计：如果一家交易所声称的持仓量 是自身日成交量的许多倍，那些从不成交的仓位无法验证，把它们计入百分比只会扭曲其他所有行。 它们的原始数字仍然展示，只是不参与份额计算。
本页内容均为数据陈述，不构成任何交易建议。