SPDR S&P 500 ETF (SPY) Funding Rate History
SPDR S&P 500 ETF (SPY) perpetual futures funding ranges from -7.80 bps on CRYPTOCOM to 5.80 bps on EDGEX across 12 reporting venues, a spread of 13.60 bps. The most extreme rate (-85.41% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 5 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 SPY price.
SPY Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| CRYPTOCOM | -7.80 bps | -85.41% APY | -3.50 bps | $411.64K |
| EDGEX | 5.80 bps | 63.51% APY | -2.60 bps | $3.90M |
| GRVT | -4.10 bps | -44.89% APY | -3.10 bps | $684.03K |
| NADO | -2.10 bps | -23.00% APY | -1.10 bps | $539.65K |
| KUCOIN | 2.00 bps | 21.90% APY | 0.00 bps | $286.96K |
| BITGET | -1.10 bps | -12.04% APY | -2.60 bps | $2.20M |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $47.17K |
| ASTER | -0.40 bps | -4.38% APY | -0.20 bps | $18.91K |
| VEST | 0.40 bps | 4.38% APY | 0.30 bps | $15.18K |
| LIGHTER | 0.30 bps | 3.28% APY | 0.10 bps | $1.08M |
| BINANCE | 0.00 bps | 0.00% APY | 0.00 bps | $17.85M |
| OKX | 0.00 bps | 0.00% APY | 0.20 bps | $2.00M |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: SPY open interest, SPY volume, SPY perp market data.