开仓成本

Name: 各交易所永续合约仓位的执行成本
License: https://creativecommons.org/licenses/by/4.0/

资产

$10k 仓位开平仓成本最低MEXC25.8 bp

开仓加平仓共需支付−$26

成本次低的交易所高出+$22

可成交的交易所9/ 13 家

50x 杠杆下的保证金$200

交易所	价格	吃单 / 挂单	开仓成本	平仓成本	开仓 + 平仓	最高杠杆保证金	24h 中位数	7日中位数	7日 p10-p90
MEXC UMA_USDT成本最低	0.4165	0.020%/0.010%	−$14	−$12	−$26 25.8 bp	$200 50x	24.8 bp	25.4 bp	19.1-31.5 bp
Binance UMAUSDT	0.4165	0.050%/0.020%	−$28	−$20	−$48 47.6 bp	$200 50x	38.8 bp	44.0 bp	32.7-53.3 bp
BingX UMA-USDT	0.4160	0.050%/0.020%	−$28	−$23	−$51 51.5 bp	—	42.7 bp	49.6 bp	39.3-59.5 bp
Hyperliquid UMA	0.4169	0.045%/0.015%	−$32	−$25	−$57 56.6 bp	$3,333 3x	49.3 bp	50.6 bp	40.3-67.9 bp
Bitget UMAUSDT	0.4165	0.060%/0.020%	−$34	−$25	−$59 58.6 bp	$200 50x	45.0 bp	50.4 bp	35.5-65.9 bp
OKX UMA-USDT-SWAP	0.4162	0.050%/0.020%	−$39	−$25	−$64 63.8 bp	$1,000 10x	48.4 bp	61.4 bp	46.6-77.6 bp
Bybit UMAUSDT	0.4162	0.055%/0.020%	−$55	−$40	−$95 95.3 bp	$400 25x	97.8 bp	109.8 bp	87.2-130.1 bp
KuCoin UMAUSDTM	0.4162	0.060%/0.020%	−$55	−$51	−$106 106.2 bp	$333 30x	328.9 bp	868.1 bp	586.6-1155.4 bp
Variational Omni UMA	0.4167	0.000%/0.000%	−$116	−$104	−$221 220.7 bp	$200 50x	224.8 bp	244.5 bp	200.3-300.0 bp
BloFin UMA-USDT	0.4164	0.060%/0.020%	持仓量和成交量均低于 $100k：未采样
Gate UMA_USDT	0.4163	0.075%/0.020%	持仓量和成交量均低于 $100k：未采样
Aster UMAUSDT	0.4164	0.040%/0.000%	持仓量和成交量均低于 $100k：未采样
Kraken Futures PF_UMAUSD	0.4171	0.050%/0.020%	持仓量和成交量均低于 $100k：未采样

介于两个实测点之间的仓位采用插值计算，并以 ~ 标记。手续费：各交易所的基础吃单费率档。未对采用预言机定价的交易所（GMX、Avantis、Jupiter）建模；RFQ 交易所（Variational）仅对 $1k、$100k 和 $1M 报价。