SPDR S&P 500 ETF Trust (SPY) Funding Rate
SPDR S&P 500 ETF Trust (SPY) perpetual funding on 17 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.
Updated · How we count
SPDR S&P 500 ETF Trust (SPY) funding rate on every exchange
| Exchange | Rate per 8 h | Per period | Predicted | By premium | Annual | 1 day · 7 days · 30 days | Next payment | 24h volume | ||
|---|---|---|---|---|---|---|---|---|---|---|
 BloFin8 hbest long | −0.0120% | −0.0120% | — | +0.0100% | −13.1% | −0.0120% | −0.107% | −0.756% | $329.1K | |
 WEEX8 h | −0.0016% | −0.0016% | — | +0.0100% | −1.8% | −0.0039% | +0.0443% | +0.264% | $2.8M | |
 Bitget8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.110% | +0.601% | $755.6K | |
 Gate8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0331% | +0.0841% | $3M | |
 Toobit8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0457% | +0.251% | $480.9K | |
 OKX8 h | 0.0000% | 0.0000% | — | — | 0.0% | 0.0000% | +0.0133% | +0.147% | $3M | |
 XT8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0549% | +0.248% | $4.8M | |
 KuCoin8 h | 0.0000% | 0.0000% | — | — | 0.0% | −0.0150% | +0.0123% | −0.0373% | $810.1K | |
 LBank8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0457% | +0.128% | — | |
 Aster8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0468% | +0.179% | $225.8K | |
 BTSE8 h | 0.0000% | 0.0000% | — | — | 0.0% | 0.0000% | 0.0000% | 0.0000% | $808.7K | |
 MEXC8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0454% | +0.227% | $4M | |
 Binance8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0457% | +0.228% | — | |
 Bybit8 h | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | +0.0292% | +0.132% | $21.9M | |
 Lighter1 h | +0.0032% | +0.0004% | — | — | 3.5% | +0.0102% | +0.103% | +0.482% | $7.8M | |
 Deepcoin8 h | +0.0100% | +0.0100% | — | — | 11.0% | +0.0300% | +0.200% | +0.868% | $14.5M | |
 WhiteBIT8 hbest short | +0.0100% | +0.0100% | — | +0.0100% | 11.0% | −0.0100% | +0.101% | −0.0193% | $154.9K | |
What SPDR S&P 500 ETF Trust (SPY) funding actually paid
Over 7 days, a SPDR S&P 500 ETF Trust (SPY) long paid +0.0484% on average across exchanges (2.5% a year). The most on Deepcoin (+0.200%), the least on BloFin (−0.107%).
Over 30 days, a SPDR S&P 500 ETF Trust (SPY) long paid +0.178% on average across exchanges (2.2% a year). The most on Deepcoin (+0.868%), the least on BloFin (−0.756%).
SPDR S&P 500 ETF Trust (SPY) funding rate history chart
Loading payments…
SPDR S&P 500 ETF Trust (SPY) funding arbitrage right now
Among the exchanges that publish a 24h volume, the lowest rate now is on BloFin (−0.0120% per 8 h), the highest on WhiteBIT (+0.0100%). Long on BloFin and short on WhiteBIT, price hedged: a difference of 24.1% a year before fees and before the rates move.
Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →
SPDR S&P 500 ETF Trust (SPY) perpetual futures by exchange
BybitSPY/USDT:USDT$762.2950$21.9MDeepcoinSPY/USDT:USDT$762.5450$14.5MLighterSPY/USDC:USDC$761.5950$7.8MXTSPY/USDT:USDT$762.5450$4.8MMEXCSPY/USDT:USDT$762.5450$4MGateSPY/USDT:USDT$762.3950$3MOKXSPY/USDT:USDT$762.4650$3MWEEXSPY/USDT:USDT$762.5400$2.8MKuCoinSPY/USDT:USDT$762.0550$810.1KBTSESPY/USDT:USDT$762.4650$808.7KBitgetSPY/USDT:USDT$762.5650$755.6KToobitSPY/USDT:USDT$762.4850$480.9KBloFinSPY/USDT:USDT$762.5400$329.1KAsterSPY/USDT:USDT$762.6650$225.8KWhiteBITSPY/USDT:USDT$762.5000$154.9KLBankSPY/USDT:USDT—BinanceSPY/USDT:USDT$762.5450—FAQ
- What is the SPDR S&P 500 ETF Trust (SPY) funding rate?
A periodic payment between long and short holders of SPDR S&P 500 ETF Trust (SPY) perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from −0.0120% to 0.0100% per 8 hours across 17 exchanges.
- How often is SPDR S&P 500 ETF Trust (SPY) funding paid?
Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.
- Why is the SPDR S&P 500 ETF Trust (SPY) funding rate different on each exchange?
Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.
- Does a high APR mean high profit?
No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.