S&P 500 Index (SP500) Funding Rate History
S&P 500 Index (SP500) perpetual futures funding ranges from -2.00 bps on GATEIO to 1.30 bps on AFTERMATH across 14 reporting venues, a spread of 3.30 bps. The most extreme rate (-21.90% APY annualized) is on GATEIO. Currently funding signs are mixed: 7 positive, 5 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on SP500 price.
SP500 Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GATEIO | -2.00 bps | -21.90% APY | -1.30 bps | $98.85K |
| HOTSTUFF | -2.00 bps | -21.90% APY | -2.60 bps | $49.36K |
| PACIFICA | -1.60 bps | -17.52% APY | -0.50 bps | $105.86K |
| MEXC | -1.40 bps | -15.33% APY | -1.10 bps | $27.13M |
| AFTERMATH | 1.30 bps | 14.23% APY | 1.30 bps | $0 |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $261.33K |
| WOOFIPRO | 1.00 bps | 10.95% APY | 1.00 bps | $24.58K |
| DREAMCASH | 0.70 bps | 7.66% APY | 0.00 bps | $4.39M |
| KINETIQ | 0.50 bps | 5.47% APY | 0.20 bps | $7.07M |
| LIGHTER | 0.30 bps | 3.28% APY | 0.30 bps | $1.05M |
| FELIX | 0.20 bps | 2.19% APY | -0.10 bps | $78.04K |
| TRADEXYZ | -0.10 bps | -1.09% APY | 0.00 bps | $171.99M |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $57.72K |
| QFEX | 0.00 bps | 0.00% APY | n/a | $0 |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: SP500 open interest, SP500 volume, SP500 perp market data.