Variational 已宣布 TGE 后拟将进入协议金库的收入 100% 用于回购并销毁 VAR；本站将协议金库每日正向 USDC 余额增量作为实验参考，但不把余额变化描述为已确认收入或真实回购。
官方公开市场数据 · 费率单位逐项标注
| 资产 | 标记价格 | 持仓费率（年化明确标注） | 多头 OI (USDC) | 空头 OI (USDC) | 总 OI | 净 OI / 方向 | 净敞口比例 | 自然净额率 | 24H 成交额 | 数据新鲜度 |
|---|---|---|---|---|---|---|---|---|---|---|
| BTCBitcoin · UNKNOWN | $83.07K | PERP FUNDING5.9966%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $102.76M | $85.58M | $188.33M | LONG$17.18M多头净敞口 · SIGNED +$17.18M | 9.1223% | 90.8777% | $614.51M | FRESHOI 2026-09-29 17:27:45 UTC |
| ETHEthereum · UNKNOWN | $2.67K | PERP FUNDING7.3849%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $95.83M | $45.00M | $140.84M | LONG$50.83M多头净敞口 · SIGNED +$50.83M | 36.0922% | 63.9078% | $313.54M | FRESHOI 2026-09-29 17:27:45 UTC |
| US100SSwap on US Non-Financial 100 · SWAP | $30.29K | SWAP FINANCING · LATEST_APPLIEDLONG4.8800% p.a.支付SHORT-2.8800% p.a.收取Annualized · Daily settlement · ACT/360 · PASS · AS OF 2026-09-28 21:05:00 UTC | $38.81M | $25.71M | $64.52M | LONG$13.09M多头净敞口 · SIGNED +$13.09M | 20.2954% | 79.7046% | $1.51B | FRESHOI 2026-09-29 17:27:45 UTC |
| XAUSSwap on Gold Spot · SWAP | $4.15K | SWAP FINANCING · LATEST_APPLIEDLONG5.7731% p.a.支付SHORT-2.5928% p.a.收取Annualized · Daily settlement · ACT/360 · PASS · AS OF 2026-09-28 21:05:00 UTC | $53.72M | $3.54M | $57.26M | LONG$50.18M多头净敞口 · SIGNED +$50.18M | 87.6355% | 12.3645% | $191.37M | FRESHOI 2026-09-29 17:27:45 UTC |
| XAUGold · UNKNOWN | $4.15K | PERP FUNDING15.7504%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $18.78M | $35.24M | $54.02M | SHORT$16.46M空头净敞口 · SIGNED −$16.46M | 30.4651% | 69.5349% | $30.08M | FRESHOI 2026-09-29 17:27:45 UTC |
| US500SSwap on US 500 · SWAP | $7.66K | SWAP FINANCING · LATEST_APPLIEDLONG4.8800% p.a.支付SHORT-2.8800% p.a.收取Annualized · Daily settlement · ACT/360 · PASS · AS OF 2026-09-28 21:05:00 UTC | $29.95M | $14.57M | $44.52M | LONG$15.38M多头净敞口 · SIGNED +$15.38M | 34.5515% | 65.4485% | $455.36M | FRESHOI 2026-09-29 17:27:45 UTC |
| ZECZcash · UNKNOWN | $1.39K | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $38.42M | $3.84M | $42.25M | LONG$34.58M多头净敞口 · SIGNED +$34.58M | 81.8456% | 18.1544% | $64.68M | FRESHOI 2026-09-29 17:27:45 UTC |
| SOLSolana · UNKNOWN | $117.7838 | PERP FUNDING2.6826%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $23.98M | $13.24M | $37.22M | LONG$10.74M多头净敞口 · SIGNED +$10.74M | 28.8419% | 71.1581% | $62.14M | FRESHOI 2026-09-29 17:27:45 UTC |
| HYPEHyperliquid · UNKNOWN | $85.9622 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $22.56M | $6.79M | $29.35M | LONG$15.77M多头净敞口 · SIGNED +$15.77M | 53.7297% | 46.2703% | $47.42M | FRESHOI 2026-09-29 17:27:45 UTC |
| XAUTTether Gold · UNKNOWN | $4.15K | PERP FUNDING-1.5707%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $19.64M | $8.92M | $28.55M | LONG$10.72M多头净敞口 · SIGNED +$10.72M | 37.5403% | 62.4597% | $166.15K | FRESHOI 2026-09-29 17:27:45 UTC |
| US500State Street SPDR S&P 500 ETF Trust · UNKNOWN | $763.6526 | PERP FUNDING11.2325%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $12.05M | $9.55M | $21.60M | LONG$2.51M多头净敞口 · SIGNED +$2.51M | 11.6051% | 88.3949% | $7.58M | FRESHOI 2026-09-29 17:27:45 UTC |
| QQQInvesco QQQ Trust, Series 1 · UNKNOWN | $737.2496 | PERP FUNDING0.0000%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $11.52M | $5.06M | $16.58M | LONG$6.46M多头净敞口 · SIGNED +$6.46M | 38.9952% | 61.0048% | $3.45M | FRESHOI 2026-09-29 17:27:45 UTC |
| NEARNEAR Protocol · UNKNOWN | $4.8922 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $13.22M | $408.67K | $13.63M | LONG$12.81M多头净敞口 · SIGNED +$12.81M | 94.0025% | 5.9975% | $18.37M | FRESHOI 2026-09-29 17:27:45 UTC |
| XAGSSwap on Silver Spot · SWAP | $60.80 | SWAP FINANCING · LATEST_APPLIEDLONG5.9199% p.a.支付SHORT-2.5209% p.a.收取Annualized · Daily settlement · ACT/360 · PASS · AS OF 2026-09-28 21:05:00 UTC | $10.93M | $2.35M | $13.28M | LONG$8.58M多头净敞口 · SIGNED +$8.58M | 64.5718% | 35.4282% | $42.54M | FRESHOI 2026-09-29 17:27:45 UTC |
| CLWTI Crude Oil · UNKNOWN | $90.531 | PERP FUNDING0.0000%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $6.75M | $5.53M | $12.28M | LONG$1.22M多头净敞口 · SIGNED +$1.22M | 9.9435% | 90.0565% | $11.14M | FRESHOI 2026-09-29 17:27:45 UTC |
| PAXGPAX Gold · UNKNOWN | $4.15K | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.11M | $8.32M | $11.43M | SHORT$5.21M空头净敞口 · SIGNED −$5.21M | 45.5597% | 54.4403% | $761.5327 | FRESHOI 2026-09-29 17:27:45 UTC |
| BZBrent Oil · UNKNOWN | $96.8893 | PERP FUNDING-21.3541%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.86M | $5.77M | $9.64M | SHORT$1.91M空头净敞口 · SIGNED −$1.91M | 19.8472% | 80.1528% | $5.05M | FRESHOI 2026-09-29 17:27:45 UTC |
| USOILPSwap on WTI Crude Oil · SWAP | $89.534 | SWAP FINANCING · LATEST_APPLIEDLONG-0.139441 pts/unit收取SHORT0.139441 pts/unit支付NOT_ANNUALIZED · Daily price points · PASS · AS OF 2026-09-28 21:05:00 UTC | $8.71M | $793.96K | $9.50M | LONG$7.91M多头净敞口 · SIGNED +$7.91M | 83.2848% | 16.7152% | $30.77M | FRESHOI 2026-09-29 17:27:45 UTC |
| XRPXRP · UNKNOWN | $1.4836 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $6.19M | $1.46M | $7.65M | LONG$4.73M多头净敞口 · SIGNED +$4.73M | 61.7722% | 38.2278% | $11.03M | FRESHOI 2026-09-29 17:27:45 UTC |
| DOGEDogecoin · UNKNOWN | $0.0931 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $4.20M | $3.19M | $7.39M | LONG$1.01M多头净敞口 · SIGNED +$1.01M | 13.6123% | 86.3877% | $1.11M | FRESHOI 2026-09-29 17:27:45 UTC |
| LIGHTERLighter · UNKNOWN | $4.4123 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $5.94M | $1.46M | $7.39M | LONG$4.48M多头净敞口 · SIGNED +$4.48M | 60.5579% | 39.4421% | $4.28M | FRESHOI 2026-09-29 17:27:45 UTC |
| PUMPFUNPump.fun · UNKNOWN | $0.0056 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $6.79M | $448.09K | $7.23M | LONG$6.34M多头净敞口 · SIGNED +$6.34M | 87.6103% | 12.3897% | $11.84M | FRESHOI 2026-09-29 17:27:45 UTC |
| XAGSilver · UNKNOWN | $60.8489 | PERP FUNDING3.1225%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.46M | $3.11M | $6.56M | LONG$348.93K多头净敞口 · SIGNED +$348.93K | 5.3171% | 94.6829% | $6.53M | FRESHOI 2026-09-29 17:27:45 UTC |
| TWISSwap on Taiwan Index · SWAP | $4.26K | SWAP FINANCING · LATEST_APPLIEDLONG4.8800% p.a.支付SHORT-2.8800% p.a.收取Annualized · Daily settlement · ACT/360 · PASS · AS OF 2026-09-28 21:05:00 UTC | $3.73M | $2.71M | $6.45M | LONG$1.02M多头净敞口 · SIGNED +$1.02M | 15.8813% | 84.1187% | $73.81M | FRESHOI 2026-09-29 17:27:45 UTC |
| SPCXSPAC and New Issue ETF · UNKNOWN | $149.5054 | PERP FUNDING14.0218%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.22M | $3.80M | $6.02M | SHORT$1.58M空头净敞口 · SIGNED −$1.58M | 26.1727% | 73.8273% | $5.15M | FRESHOI 2026-09-29 17:27:45 UTC |
| AAVEAave · UNKNOWN | $167.5406 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $5.69M | $82.44K | $5.78M | LONG$5.61M多头净敞口 · SIGNED +$5.61M | 97.1455% | 2.8545% | $4.76M | FRESHOI 2026-09-29 17:27:45 UTC |
| GOOGLAlphabet Inc. · UNKNOWN | $339.455 | PERP FUNDING20.6172%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $4.84M | $530.96K | $5.37M | LONG$4.31M多头净敞口 · SIGNED +$4.31M | 80.2176% | 19.7824% | $1.60M | FRESHOI 2026-09-29 17:27:45 UTC |
| NVDANVIDIA Corporation · UNKNOWN | $229.2443 | PERP FUNDING14.6229%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.71M | $1.59M | $5.29M | LONG$2.12M多头净敞口 · SIGNED +$2.12M | 40.0642% | 59.9358% | $4.59M | FRESHOI 2026-09-29 17:27:45 UTC |
| LTCLitecoin · UNKNOWN | $67.3572 | PERP FUNDING-0.7827%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $4.52M | $305.24K | $4.83M | LONG$4.22M多头净敞口 · SIGNED +$4.22M | 87.3597% | 12.6403% | $949.06K | FRESHOI 2026-09-29 17:27:45 UTC |
| BNBBNB · UNKNOWN | $751.6508 | PERP FUNDING-6.3141%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.81M | $967.00K | $4.78M | LONG$2.84M多头净敞口 · SIGNED +$2.84M | 59.5158% | 40.4842% | $4.73M | FRESHOI 2026-09-29 17:27:45 UTC |
| XMRMonero · UNKNOWN | $545.8104 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.39M | $1.29M | $4.69M | LONG$2.10M多头净敞口 · SIGNED +$2.10M | 44.8222% | 55.1778% | $519.29K | FRESHOI 2026-09-29 17:27:45 UTC |
| ENAEthena · UNKNOWN | $0.2459 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $4.16M | $255.04K | $4.41M | LONG$3.90M多头净敞口 · SIGNED +$3.90M | 88.4467% | 11.5533% | $6.29M | FRESHOI 2026-09-29 17:27:45 UTC |
| UNIUniswap · UNKNOWN | $8.8362 | PERP FUNDING6.1928%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.75M | $480.06K | $4.23M | LONG$3.27M多头净敞口 · SIGNED +$3.27M | 77.3082% | 22.6918% | $2.40M | FRESHOI 2026-09-29 17:27:45 UTC |
| SNDKSandisk Corporation · UNKNOWN | $1.71K | PERP FUNDING0.0000%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.51M | $645.50K | $4.15M | LONG$2.86M多头净敞口 · SIGNED +$2.86M | 68.9274% | 31.0726% | $3.66M | FRESHOI 2026-09-29 17:27:45 UTC |
| TAOBittensor · UNKNOWN | $307.4535 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.89M | $113.97K | $4.00M | LONG$3.78M多头净敞口 · SIGNED +$3.78M | 94.3076% | 5.6924% | $2.30M | FRESHOI 2026-09-29 17:27:45 UTC |
| XPLPlasma · UNKNOWN | $0.098 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.71M | $1.01M | $3.71M | LONG$1.70M多头净敞口 · SIGNED +$1.70M | 45.7533% | 54.2467% | $3.76M | FRESHOI 2026-09-29 17:27:45 UTC |
| UKOILPSwap on Brent Crude Oil · SWAP | $96.559 | SWAP FINANCING · LATEST_APPLIEDLONG-0.134071 pts/unit收取SHORT0.134071 pts/unit支付NOT_ANNUALIZED · Daily price points · PASS · AS OF 2026-09-28 21:05:00 UTC | $2.58M | $997.43K | $3.58M | LONG$1.58M多头净敞口 · SIGNED +$1.58M | 44.2628% | 55.7372% | $29.31M | FRESHOI 2026-09-29 17:27:45 UTC |
| ZROLayerZero · UNKNOWN | $1.586 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.95M | $488.58K | $3.44M | LONG$2.46M多头净敞口 · SIGNED +$2.46M | 71.6042% | 28.3958% | $2.00M | FRESHOI 2026-09-29 17:27:45 UTC |
| WLDWorldcoin · UNKNOWN | $0.4914 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.19M | $149.47K | $3.34M | LONG$3.04M多头净敞口 · SIGNED +$3.04M | 91.0582% | 8.9418% | $6.08M | FRESHOI 2026-09-29 17:27:45 UTC |
| LINKChainlink · UNKNOWN | $14.6166 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $3.09M | $191.00K | $3.28M | LONG$2.90M多头净敞口 · SIGNED +$2.90M | 88.3685% | 11.6315% | $3.03M | FRESHOI 2026-09-29 17:27:45 UTC |
| MUMicron Technology, Inc. · UNKNOWN | $1.07K | PERP FUNDING8.3207%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.55M | $465.51K | $3.01M | LONG$2.08M多头净敞口 · SIGNED +$2.08M | 69.1100% | 30.8900% | $3.26M | FRESHOI 2026-09-29 17:27:45 UTC |
| ADACardano · UNKNOWN | $0.2414 | PERP FUNDING7.9883%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $280.58K | $2.61M | $2.89M | SHORT$2.33M空头净敞口 · SIGNED −$2.33M | 80.6091% | 19.3909% | $955.50K | FRESHOI 2026-09-29 17:27:45 UTC |
| GRASSGrass · UNKNOWN | $0.6727 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.77M | $75.99K | $2.84M | LONG$2.69M多头净敞口 · SIGNED +$2.69M | 94.6507% | 5.3493% | $196.64K | FRESHOI 2026-09-29 17:27:45 UTC |
| METAMeta Platforms, Inc. · UNKNOWN | $728.0221 | PERP FUNDING0.0000%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.50M | $275.79K | $2.78M | LONG$2.22M多头净敞口 · SIGNED +$2.22M | 80.1271% | 19.8729% | $959.79K | FRESHOI 2026-09-29 17:27:45 UTC |
| ASTERAster · UNKNOWN | $0.7163 | PERP FUNDING10.9500%4h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.38M | $382.63K | $2.76M | LONG$2.00M多头净敞口 · SIGNED +$2.00M | 72.3108% | 27.6892% | $219.61K | FRESHOI 2026-09-29 17:27:45 UTC |
| AMZNAmazon.com, Inc. · UNKNOWN | $246.835 | PERP FUNDING0.0000%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.28M | $438.48K | $2.71M | LONG$1.84M多头净敞口 · SIGNED +$1.84M | 67.6945% | 32.3055% | $943.68K | FRESHOI 2026-09-29 17:27:45 UTC |
| AVAXAvalanche · UNKNOWN | $11.1016 | PERP FUNDING10.9500%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.55M | $109.16K | $2.66M | LONG$2.44M多头净敞口 · SIGNED +$2.44M | 91.7905% | 8.2095% | $1.80M | FRESHOI 2026-09-29 17:27:45 UTC |
| CRCLCircle Internet Group · UNKNOWN | $84.3726 | PERP FUNDING8.7668%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $2.11M | $439.09K | $2.55M | LONG$1.67M多头净敞口 · SIGNED +$1.67M | 65.5715% | 34.4285% | $1.85M | FRESHOI 2026-09-29 17:27:45 UTC |
| AAPLApple Inc. · UNKNOWN | $331.835 | PERP FUNDING0.0000%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $1.56M | $849.11K | $2.40M | LONG$706.12K多头净敞口 · SIGNED +$706.12K | 29.3685% | 70.6315% | $2.14M | FRESHOI 2026-09-29 17:27:45 UTC |
| ANTHROPICAnthropic · UNKNOWN | $2.00K | PERP FUNDING5.4750%8h interval · NOT_ANNUALIZED · 当前周期原始值，方向待验证 | $1.95M | $435.87K | $2.38M | LONG$1.51M多头净敞口 · SIGNED +$1.51M | 63.4305% | 36.5695% | $412.24K | FRESHOI 2026-09-29 17:27:45 UTC |