SPDR S&P 500 ETF (SPY) Funding Rate History
SPDR S&P 500 ETF (SPY) perpetual futures funding ranges from -3.10 bps on CRYPTOCOM to 8.00 bps on WOOFIPRO across 16 reporting venues, a spread of 11.10 bps. The most extreme rate (87.60% APY annualized) is on WOOFIPRO. Currently funding signs are mixed: 7 positive, 4 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 |
|---|---|---|---|---|
| WOOFIPRO | 8.00 bps | 87.60% APY | 8.00 bps | $0 |
| CRYPTOCOM | -3.10 bps | -33.95% APY | 0.60 bps | $90.33K |
| GRVT | 1.70 bps | 18.61% APY | 4.10 bps | $770.24K |
| BINGX | -1.00 bps | -10.95% APY | -0.90 bps | $1.83M |
| DECIBEL | 1.00 bps | 10.95% APY | 1.00 bps | $47.54K |
| COINBASE INTL | -0.80 bps | -8.76% APY | -0.50 bps | $202.96K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $834.26K |
| GATEIO | -0.40 bps | -4.38% APY | 0.40 bps | $532.76K |
| LIGHTER | 0.30 bps | 3.28% APY | 0.30 bps | $378.01K |
| KUCOIN | 0.30 bps | 3.28% APY | 0.60 bps | $283.33K |
| NADO | 0.20 bps | 2.19% APY | -0.80 bps | $455.98K |
| BINANCE | 0.00 bps | 0.00% APY | 0.10 bps | $27.03M |
| OKX | 0.00 bps | 0.00% APY | n/a | $1.90M |
| HUOBI | 0.00 bps | 0.00% APY | n/a | $27.88K |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $4.82K |
| ASTER | 0.00 bps | 0.00% APY | 0.00 bps | $3.62K |
Last updated 2026-07-16T18:38:26Z (UTC).
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Related: SPY open interest, SPY volume, SPY perp market data.