S&P 500 Index (SP500) Funding Rate History
S&P 500 Index (SP500) perpetual futures funding ranges from -2.00 bps on GATEIO to 12.00 bps on FELIX across 17 reporting venues, a spread of 14.00 bps. The most extreme rate (131.40% APY annualized) is on FELIX. Currently funding signs are mixed: 11 positive, 3 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 |
|---|---|---|---|---|
| FELIX | 12.00 bps | 131.40% APY | -7.60 bps | $1.24M |
| GATEIO | -2.00 bps | -21.90% APY | -0.50 bps | $312.88K |
| HOTSTUFF | -2.00 bps | -21.90% APY | -1.90 bps | $3.70K |
| AFTERMATH | 1.40 bps | 15.33% APY | 1.40 bps | $0 |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $340.97K |
| PACIFICA | 1.00 bps | 10.95% APY | 1.00 bps | $140.45K |
| WOOFIPRO | 1.00 bps | 10.95% APY | 1.00 bps | $47.28K |
| MEXC | -0.80 bps | -8.76% APY | -0.60 bps | $155.93M |
| TRADEXYZ | 0.50 bps | 5.47% APY | 0.10 bps | $835.48M |
| KINETIQ | 0.50 bps | 5.47% APY | -0.20 bps | $10.30M |
| DREAMCASH | 0.50 bps | 5.47% APY | 0.30 bps | $7.14M |
| VEST | 0.50 bps | 5.47% APY | n/a | $1.24M |
| LIGHTER | 0.30 bps | 3.28% APY | 0.30 bps | $4.81M |
| EXTENDED | 0.30 bps | 3.28% APY | -0.10 bps | $2.83M |
| VARIATIONAL | 0.00 bps | 0.00% APY | -0.20 bps | $6.42M |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $78.70K |
| QFEX | 0.00 bps | 0.00% APY | 0.00 bps | $229.75 |
Last updated 2026-06-12T11:01:01.902863Z (UTC).
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Related: SP500 open interest, SP500 volume, SP500 perp market data.