中文

LINK 永续合约

同一币种,跨交易所比较资金成本。

数据更新于 2026-09-30 23:45 UTC

LINK 在 11 个合约上有报价。当前费率数值最高的是 Aster(年化 +10.95%,费率基期 8 小时), 最低的是 欧易(+10.42%),相差 0.53 个百分点。 这些合约的费率基期不同,下表统一换算为单利年化后再比较。

当前费率最高
+10.95%
Aster · 8h
当前费率最低
+10.42%
欧易 · 8h
费率差
0.53
个百分点
30 天区间年化最高
+13.67%
Hyperliquid

各场所对比

场所 费率 年化 30 天实付年化 最大杠杆 24h 成交额 操作
Aster链上LINKUSDT +0.0100%8小时 +10.95% —
暂无历史
50x 899.8K
币安中心化LINKUSDC +0.0100%8小时 +10.95% +6.41%
区间年化 · +6.41% · 区间 -12.8% … +11.0% · 25 次结算
75x 13.4M
币安中心化LINKUSDT +0.0100%8小时 +10.95% +7.98%
区间年化 · +7.98% · 区间 -3.5% … +11.0% · 25 次结算
75x 265.9M
Bitget中心化LINKUSDT +0.0100%8小时 +10.95% +9.13%
区间年化 · +9.13% · 区间 -2.1% … +11.0% · 25 次结算
75x 33.8M
Bybit中心化LINKPERP +0.0100%8小时 +10.95% —
暂无历史
50x 104.2K
Gate中心化LINK_USDT +0.0100%8小时 +10.95% +6.69%
区间年化 · +6.69% · 区间 -4.2% … +11.0% · 25 次结算
75x 13.6M
Hyperliquid链上LINK +0.0013%1小时 +10.95% +13.67%
区间年化 · +13.67% · 区间 +8.0% … +56.4% · 199 次结算
10x 26.9M
欧易中心化LINK-USD-SWAP +0.0100%8小时 +10.95% —
暂无历史
50x —
Bybit中心化LINKUSDT +0.0098%8小时 +10.71% +6.41%
区间年化 · +6.41% · 区间 -4.1% … +11.0% · 25 次结算
75x 74.2M
Lighter链上LINK +0.0096%8小时 +10.51% —
暂无历史
10x 1.6M
欧易中心化LINK-USDT-SWAP +0.0095%8小时 +10.42% +7.39%
区间年化 · +7.39% · 区间 -4.6% … +11.0% · 25 次结算
50x 90.6M

常见问题

哪些交易所有 LINK 永续合约?

LINK 目前共有 11 个永续合约,分布在 8 个场所:Aster、币安、Bitget、Bybit、Gate、Hyperliquid、Lighter 和欧易。成交最活跃的是币安,过去 24 小时成交 $279.4M,占全部场所的 54%。

LINK 的资金费率现在哪里最低?

对多头最有利的是年化 +10.42%,在欧易 LINK-USDT-SWAP;对空头最有利的是 +10.95%,在 Aster,两者相差 0.53 个百分点。目前采集到的所有场所都是多头付费。

10,000 USDT 的 LINK 仓位每天要付多少资金费?

按当前费率,10,000 USDT 的多头每天约付 +3.00 USDT(Aster)和 +2.85 USDT(欧易 LINK-USDT-SWAP)。过去 30 天,欧易 LINK-USDT-SWAP 实际结算下来,同样仓位平均每天 +2.02 USDT。

LINK 的资金费多久结算一次?

各场所不同:Hyperliquid 和 Lighter 每 1 小时;Aster、币安、Bitget、Bybit、Gate 和欧易每 8 小时。

LINK 过去 30 天的资金费实际付了多少?

实际结算最高的是 Hyperliquid:年化 +13.67%,共 199 次结算,其中 0% 为负。最低的是币安 LINKUSDC,年化 +6.41%。7 个合约(共 11 个)有至少一周的已结算历史可供衡量。

LINK 最高能开多少倍杠杆?

已采集的最高杠杆上限是 75x,在 Bitget、Bybit LINKUSDT、Gate、币安 LINKUSDC 和币安 LINKUSDT。Bitget 的这一上限适用于名义价值 10K USDT 以内,超过后降到 50x。

LINK 对比范围与资金费方向

本页保留 LINK 的低成交额合约,不使用总榜的 100 万美元门槛。正费率多头付空头,负费率反向;“最高/最低”不是收益推荐。这些合约分别以 USD、USDC 和 USDT 报价,比较前请打开合约参数核对结算币种和合约乘数。费率年化口径 · 官方来源。

费率与图表说明

区间年化按该合约在窗口内实际结算的费率求和,再按这些结算覆盖的小时数折算成年化——不是把当前费率外推。上市不足 30 天的合约按其自身区间折算。灰线为零轴:线在上方表示多头付费,下方表示空头付费。本列各行共用同一纵向标尺,可直接横向比较波动幅度。

交易链接说明

合作披露:通过部分链接注册并交易,本站可能获得佣金。数据展示与排名不受合作关系影响。

各场所保证金阶梯

Aster · LINKUSDT 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 1000000 quote 1.5000% 50.00x —
2 1000000 – 5000000 quote 2.5000% 20.00x 10000
3 5000000 – 10000000 quote 5.0000% 10.00x 135000
4 10000000 – 20000000 quote 10.0000% 5.00x 635000
5 20000000 – 30000000 quote 12.5000% 4.00x 1135000
6 30000000 – 40000000 quote 16.6700% 3.00x 2386000
7 40000000 – 100000000 quote 25.0000% 2.00x 5718000
8 100000000 – 1000000000 quote 50.0000% 1.00x 30718000

币安 · LINKUSDC 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 5000 quote 0.5000% 75.00x —
2 5000 – 10000 quote 0.6000% 50.00x 5
3 10000 – 50000 quote 1.0000% 40.00x 45
4 50000 – 250000 quote 2.0000% 25.00x 545
5 250000 – 1000000 quote 5.0000% 10.00x 8045
6 1000000 – 5000000 quote 10.0000% 5.00x 58045
7 5000000 – 10000000 quote 12.5000% 4.00x 183045
8 10000000 – 20000000 quote 15.0000% 3.00x 433045
9 20000000 – 30000000 quote 25.0000% 2.00x 2433045
10 30000000 – 50000000 quote 50.0000% 1.00x 9933045

币安 · LINKUSDT 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 10000 quote 0.5000% 75.00x —
2 10000 – 200000 quote 1.0000% 50.00x 50
3 200000 – 400000 quote 1.5000% 40.00x 1050
4 400000 – 800000 quote 2.0000% 25.00x 3050
5 800000 – 1600000 quote 2.5000% 20.00x 7050
6 1600000 – 8000000 quote 5.0000% 10.00x 47050
7 8000000 – 16000000 quote 10.0000% 5.00x 447050
8 16000000 – 20000000 quote 12.5000% 4.00x 847050
9 20000000 – 40000000 quote 25.0000% 2.00x 3347050
10 40000000 – 80000000 quote 50.0000% 1.00x 13347050

Bitget · LINKUSDT 无扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 10000 quote 0.6700% 75.00x —
2 10000 – 100000 quote 1.0000% 50.00x —
3 100000 – 200000 quote 1.2500% 40.00x —
4 200000 – 800000 quote 2.0000% 25.00x —
5 800000 – 1600000 quote 2.5000% 20.00x —
6 1600000 – 8000000 quote 5.0000% 10.00x —
7 8000000 – 16000000 quote 10.0000% 5.00x —
8 16000000 – 20000000 quote 12.5000% 4.00x —
9 20000000 – 40000000 quote 25.0000% 2.00x —
10 40000000 – ∞ quote 50.0000% 1.00x —

Bybit · LINKPERP 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 10000 quote 1.0000% 50.00x —
2 10000 – 20000 quote 1.2500% 40.00x 25
3 20000 – 40000 quote 1.5000% 33.34x 75
4 40000 – 125000 quote 2.0000% 25.00x 275
5 125000 – 750000 quote 2.5000% 20.00x 900
6 750000 – 1200000 quote 5.0000% 10.00x 19650
7 1200000 – 2000000 quote 10.0000% 5.00x 79650
8 2000000 – 5000000 quote 12.5000% 4.00x 129650
9 5000000 – 8000000 quote 25.0000% 2.00x 754650
10 8000000 – ∞ quote 50.0000% 1.00x 2754650

Gate · LINK_USDT 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 20000 quote 0.6500% 75.00x —
2 20000 – 30000 quote 0.7000% 70.00x 10
3 30000 – 40000 quote 0.7500% 60.00x 25
4 40000 – 50000 quote 0.9000% 55.00x 85
5 50000 – 70000 quote 1.0000% 50.00x 135
6 70000 – 100000 quote 1.2000% 45.00x 275
7 100000 – 150000 quote 1.2500% 40.00x 325
8 150000 – 200000 quote 1.3500% 37.00x 475
9 200000 – 250000 quote 1.4000% 35.00x 575
10 250000 – 350000 quote 1.6500% 30.00x 1200
11 350000 – 500000 quote 1.8000% 28.00x 1725
12 500000 – 700000 quote 2.0000% 25.00x 2725
13 700000 – 1000000 quote 2.3000% 22.00x 4825
14 1000000 – 1500000 quote 2.5000% 20.00x 6825
15 1500000 – 2500000 quote 3.3300% 15.00x 19275
16 2500000 – 5000000 quote 5.0000% 10.00x 61025
17 5000000 – 8000000 quote 6.6600% 7.50x 144025
18 8000000 – 10000000 quote 10.0000% 5.00x 411225
19 10000000 – 15000000 quote 15.0000% 3.00x 911225
20 15000000 – ∞ quote 50.0000% 1.05x 6161225

Hyperliquid · LINK 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 20000000 quote 5.0000% 10.00x —
2 20000000 – ∞ quote 10.0000% 5.00x 1000000

欧易 · LINK-USD-SWAP 无扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 5000 quote 1.0000% 50.00x —
2 5010 – 10000 quote 1.5000% 40.00x —
3 10010 – 20000 quote 3.0000% 20.00x —
4 20010 – 40000 quote 3.5000% 18.18x —
5 40010 – 60000 quote 4.0000% 16.66x —
6 60010 – 80000 quote 4.5000% 15.38x —
7 80010 – 100000 quote 5.0000% 14.28x —
8 100010 – 120000 quote 5.5000% 13.33x —
9 120010 – 140000 quote 6.0000% 12.50x —
10 140010 – 160000 quote 6.5000% 11.76x —
11 160010 – 180000 quote 7.0000% 11.11x —
12 180010 – 200000 quote 7.5000% 10.52x —
13 200010 – 220000 quote 8.0000% 10.00x —
14 220010 – 240000 quote 8.5000% 9.52x —
15 240010 – 260000 quote 9.0000% 9.09x —
16 260010 – 280000 quote 9.5000% 8.69x —
17 280010 – 300000 quote 10.0000% 8.33x —
18 300010 – 320000 quote 10.5000% 8.00x —
19 320010 – 340000 quote 11.0000% 7.69x —
20 340010 – 360000 quote 11.5000% 7.40x —
21 360010 – 380000 quote 12.0000% 7.14x —
22 380010 – 400000 quote 12.5000% 6.89x —
23 400010 – 420000 quote 13.0000% 6.66x —
24 420010 – 440000 quote 13.5000% 6.45x —
25 440010 – 460000 quote 14.0000% 6.25x —
26 460010 – 480000 quote 14.5000% 6.06x —
27 480010 – 500000 quote 15.0000% 5.88x —
28 500010 – 520000 quote 15.5000% 5.71x —
29 520010 – 540000 quote 16.0000% 5.55x —
30 540010 – 560000 quote 16.5000% 5.40x —
31 560010 – 580000 quote 17.0000% 5.26x —
32 580010 – 600000 quote 17.5000% 5.12x —
33 600010 – 620000 quote 18.0000% 5.00x —
34 620010 – 640000 quote 18.5000% 4.87x —
35 640010 – 660000 quote 19.0000% 4.76x —
36 660010 – 680000 quote 19.5000% 4.65x —
37 680010 – 700000 quote 20.0000% 4.54x —
38 700010 – 720000 quote 20.5000% 4.44x —
39 720010 – 740000 quote 21.0000% 4.34x —
40 740010 – 760000 quote 21.5000% 4.25x —
41 760010 – 780000 quote 22.0000% 4.16x —
42 780010 – 800000 quote 22.5000% 4.08x —
43 800010 – 820000 quote 23.0000% 4.00x —
44 820010 – 840000 quote 23.5000% 3.92x —
45 840010 – 860000 quote 24.0000% 3.84x —
46 860010 – 880000 quote 24.5000% 3.77x —
47 880010 – 900000 quote 25.0000% 3.70x —
48 900010 – 920000 quote 25.5000% 3.63x —
49 920010 – 940000 quote 26.0000% 3.57x —
50 940010 – 960000 quote 26.5000% 3.50x —
51 960010 – 980000 quote 27.0000% 3.44x —
52 980010 – 1000000 quote 27.5000% 3.38x —
53 1000010 – 1020000 quote 28.0000% 3.33x —
54 1020010 – 1040000 quote 28.5000% 3.27x —
55 1040010 – 1060000 quote 29.0000% 3.22x —
56 1060010 – 1080000 quote 29.5000% 3.17x —
57 1080010 – 1100000 quote 30.0000% 3.12x —
58 1100010 – 1120000 quote 30.5000% 3.07x —
59 1120010 – 1140000 quote 31.0000% 3.03x —
60 1140010 – 1160000 quote 31.5000% 2.98x —
61 1160010 – 1180000 quote 32.0000% 2.94x —
62 1180010 – 1200000 quote 32.5000% 2.89x —
63 1200010 – 1220000 quote 33.0000% 2.85x —
64 1220010 – 1240000 quote 33.5000% 2.81x —
65 1240010 – 1260000 quote 34.0000% 2.77x —
66 1260010 – 1280000 quote 34.5000% 2.73x —
67 1280010 – 1300000 quote 35.0000% 2.70x —
68 1300010 – 1320000 quote 35.5000% 2.66x —
69 1320010 – 1340000 quote 36.0000% 2.63x —
70 1340010 – 1360000 quote 36.5000% 2.59x —
71 1360010 – 1380000 quote 37.0000% 2.56x —
72 1380010 – 1400000 quote 37.5000% 2.53x —
73 1400010 – 1420000 quote 38.0000% 2.50x —
74 1420010 – 1440000 quote 38.5000% 2.46x —
75 1440010 – 1460000 quote 39.0000% 2.43x —
76 1460010 – 1480000 quote 39.5000% 2.40x —
77 1480010 – 1500000 quote 40.0000% 2.38x —
78 1500010 – 1520000 quote 40.5000% 2.35x —
79 1520010 – 1540000 quote 41.0000% 2.32x —
80 1540010 – 1560000 quote 41.5000% 2.29x —
81 1560010 – 1580000 quote 42.0000% 2.27x —
82 1580010 – 1600000 quote 42.5000% 2.24x —
83 1600010 – 1620000 quote 43.0000% 2.22x —
84 1620010 – 1640000 quote 43.5000% 2.19x —
85 1640010 – 1660000 quote 44.0000% 2.17x —
86 1660010 – 1680000 quote 44.5000% 2.15x —
87 1680010 – 1700000 quote 45.0000% 2.12x —
88 1700010 – 1720000 quote 45.5000% 2.10x —
89 1720010 – 1740000 quote 46.0000% 2.08x —
90 1740010 – 1760000 quote 46.5000% 2.06x —
91 1760010 – 1780000 quote 47.0000% 2.04x —
92 1780010 – 1800000 quote 47.5000% 2.02x —
93 1800010 – 1820000 quote 48.0000% 2.00x —

Bybit · LINKUSDT 带扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 10000 quote 0.6700% 75.00x —
2 10000 – 50000 quote 0.7100% 70.00x 4
3 50000 – 100000 quote 0.7700% 65.00x 34
4 100000 – 150000 quote 0.9100% 55.00x 174
5 150000 – 200000 quote 1.0000% 50.00x 309
6 200000 – 300000 quote 1.1100% 45.00x 529
7 300000 – 400000 quote 1.2500% 40.00x 949
8 400000 – 500000 quote 1.4300% 35.00x 1669
9 500000 – 600000 quote 1.6700% 30.00x 2869
10 600000 – 700000 quote 2.0000% 25.00x 4849
11 700000 – 900000 quote 2.5000% 20.00x 8349
12 900000 – 1100000 quote 2.6300% 19.00x 9519
13 1100000 – 1300000 quote 2.7800% 18.00x 11169
14 1300000 – 1500000 quote 2.9400% 17.00x 13249
15 1500000 – 1700000 quote 3.1300% 16.00x 16099
16 1700000 – 1900000 quote 3.3300% 15.00x 19499
17 1900000 – 2100000 quote 3.5700% 14.00x 24059
18 2100000 – 2800000 quote 3.8500% 13.00x 29939
19 2800000 – 3000000 quote 4.1700% 12.00x 38899
20 3000000 – 3200000 quote 4.5500% 11.00x 50299
21 3200000 – 4000000 quote 5.0000% 10.00x 64699
22 4000000 – 4500000 quote 5.5600% 9.00x 87099
23 4500000 – 5000000 quote 6.2500% 8.00x 118149
24 5000000 – 6500000 quote 7.1400% 7.00x 162649
25 6500000 – 7500000 quote 8.3300% 6.00x 239999
26 7500000 – 9000000 quote 10.0000% 5.00x 365249
27 9000000 – 10000000 quote 12.5000% 4.00x 590249
28 10000000 – 11000000 quote 19.9800% 3.00x 1338249
29 11000000 – 12500000 quote 30.0000% 2.00x 2440449
30 12500000 – 15000000 quote 40.0200% 1.50x 3692949
31 15000000 – ∞ quote 50.0000% 1.00x 5189949

Lighter · LINK 无扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – ∞ quote 6.0000% 10.00x —

欧易 · LINK-USDT-SWAP 无扣减项

档位 区间 维持保证金率 最大杠杆 速算扣减
1 0 – 6200 base 0.6500% 50.00x —
2 6200.1 – 12000 base 1.0000% 40.00x —
3 12000.1 – 25000 base 1.5000% 20.00x —
4 25000.1 – 50000 base 2.0000% 18.18x —
5 50000.1 – 75000 base 2.5000% 16.66x —
6 75000.1 – 100000 base 3.0000% 15.38x —
7 100000.1 – 125000 base 3.5000% 14.28x —
8 125000.1 – 150000 base 4.0000% 13.33x —
9 150000.1 – 175000 base 4.5000% 12.50x —
10 175000.1 – 200000 base 5.0000% 11.76x —
11 200000.1 – 225000 base 5.5000% 11.11x —
12 225000.1 – 250000 base 6.0000% 10.52x —
13 250000.1 – 275000 base 6.5000% 10.00x —
14 275000.1 – 300000 base 7.0000% 9.52x —
15 300000.1 – 325000 base 7.5000% 9.09x —
16 325000.1 – 350000 base 8.0000% 8.69x —
17 350000.1 – 375000 base 8.5000% 8.33x —
18 375000.1 – 400000 base 9.0000% 8.00x —
19 400000.1 – 425000 base 9.5000% 7.69x —
20 425000.1 – 450000 base 10.0000% 7.40x —
21 450000.1 – 475000 base 10.5000% 7.14x —
22 475000.1 – 500000 base 11.0000% 6.89x —
23 500000.1 – 525000 base 11.5000% 6.66x —
24 525000.1 – 550000 base 12.0000% 6.45x —
25 550000.1 – 575000 base 12.5000% 6.25x —
26 575000.1 – 600000 base 13.0000% 6.06x —
27 600000.1 – 625000 base 13.5000% 5.88x —
28 625000.1 – 650000 base 14.0000% 5.71x —
29 650000.1 – 675000 base 14.5000% 5.55x —
30 675000.1 – 700000 base 15.0000% 5.40x —
31 700000.1 – 725000 base 15.5000% 5.26x —
32 725000.1 – 750000 base 16.0000% 5.12x —
33 750000.1 – 775000 base 16.5000% 5.00x —
34 775000.1 – 800000 base 17.0000% 4.87x —
35 800000.1 – 825000 base 17.5000% 4.76x —
36 825000.1 – 850000 base 18.0000% 4.65x —
37 850000.1 – 875000 base 18.5000% 4.54x —
38 875000.1 – 900000 base 19.0000% 4.44x —
39 900000.1 – 925000 base 19.5000% 4.34x —
40 925000.1 – 950000 base 20.0000% 4.25x —
41 950000.1 – 975000 base 20.5000% 4.16x —
42 975000.1 – 1000000 base 21.0000% 4.08x —
43 1000000.1 – 1025000 base 21.5000% 4.00x —
44 1025000.1 – 1050000 base 22.0000% 3.92x —
45 1050000.1 – 1075000 base 22.5000% 3.84x —
46 1075000.1 – 1100000 base 23.0000% 3.77x —
47 1100000.1 – 1125000 base 23.5000% 3.70x —
48 1125000.1 – 1150000 base 24.0000% 3.63x —
49 1150000.1 – 1175000 base 24.5000% 3.57x —
50 1175000.1 – 1200000 base 25.0000% 3.50x —
51 1200000.1 – 1225000 base 25.5000% 3.44x —
52 1225000.1 – 1250000 base 26.0000% 3.38x —
53 1250000.1 – 1275000 base 26.5000% 3.33x —
54 1275000.1 – 1300000 base 27.0000% 3.27x —
55 1300000.1 – 1325000 base 27.5000% 3.22x —
56 1325000.1 – 1350000 base 28.0000% 3.17x —
57 1350000.1 – 1375000 base 28.5000% 3.12x —
58 1375000.1 – 1400000 base 29.0000% 3.07x —
59 1400000.1 – 1425000 base 29.5000% 3.03x —
60 1425000.1 – 1450000 base 30.0000% 2.98x —
61 1450000.1 – 1475000 base 30.5000% 2.94x —
62 1475000.1 – 1500000 base 31.0000% 2.89x —
63 1500000.1 – 1525000 base 31.5000% 2.85x —
64 1525000.1 – 1550000 base 32.0000% 2.81x —
65 1550000.1 – 1575000 base 32.5000% 2.77x —
66 1575000.1 – 1600000 base 33.0000% 2.73x —
67 1600000.1 – 1625000 base 33.5000% 2.70x —
68 1625000.1 – 1650000 base 34.0000% 2.66x —
69 1650000.1 – 1675000 base 34.5000% 2.63x —
70 1675000.1 – 1700000 base 35.0000% 2.59x —
71 1700000.1 – 1725000 base 35.5000% 2.56x —
72 1725000.1 – 1750000 base 36.0000% 2.53x —
73 1750000.1 – 1775000 base 36.5000% 2.50x —
74 1775000.1 – 1800000 base 37.0000% 2.46x —
75 1800000.1 – 1825000 base 37.5000% 2.43x —
76 1825000.1 – 1850000 base 38.0000% 2.40x —
77 1850000.1 – 1875000 base 38.5000% 2.38x —
78 1875000.1 – 1900000 base 39.0000% 2.35x —
79 1900000.1 – 1925000 base 39.5000% 2.32x —
80 1925000.1 – 1950000 base 40.0000% 2.29x —
81 1950000.1 – 1975000 base 40.5000% 2.27x —
82 1975000.1 – 2000000 base 41.0000% 2.24x —
83 2000000.1 – 2025000 base 41.5000% 2.22x —
84 2025000.1 – 2050000 base 42.0000% 2.19x —
85 2050000.1 – 2075000 base 42.5000% 2.17x —
86 2075000.1 – 2100000 base 43.0000% 2.15x —
87 2100000.1 – 2125000 base 43.5000% 2.12x —
88 2125000.1 – 2150000 base 44.0000% 2.10x —
89 2150000.1 – 2175000 base 44.5000% 2.08x —
90 2175000.1 – 2200000 base 45.0000% 2.06x —
91 2200000.1 – 2225000 base 45.5000% 2.04x —
92 2225000.1 – 2250000 base 46.0000% 2.02x —
93 2250000.1 – 2275000 base 46.5000% 2.00x —