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SPDR S&P 500 ETF (SPY) Funding Rate History

SPDR S&P 500 ETF (SPY) perpetual futures funding ranges from -1.90 bps on CRYPTOCOM to 8.00 bps on WOOFIPRO across 16 reporting venues, a spread of 9.90 bps. The most extreme rate (87.60% APY annualized) is on WOOFIPRO. Currently funding signs are mixed: 8 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 SPY price.

SPY Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
WOOFIPRO8.00 bps87.60% APY8.00 bps$0
CRYPTOCOM-1.90 bps-20.80% APY0.50 bps$75.33K
GRVT1.70 bps18.61% APY4.00 bps$768.20K
BINGX-1.00 bps-10.95% APY-0.90 bps$1.81M
KUCOIN1.00 bps10.95% APY0.60 bps$292.20K
DECIBEL1.00 bps10.95% APY1.00 bps$52.28K
GATEIO0.60 bps6.57% APY0.40 bps$539.82K
VEST0.50 bps5.47% APY0.50 bps$1.14M
LIGHTER0.30 bps3.28% APY0.30 bps$408.73K
COINBASE INTL0.20 bps2.19% APY-0.50 bps$392.51K
NADO-0.20 bps-2.19% APY-0.80 bps$312.22K
BINANCE0.00 bps0.00% APY0.10 bps$27.02M
OKX0.00 bps0.00% APYn/a$1.84M
HUOBI0.00 bps0.00% APYn/a$26.34K
PHEMEX0.00 bps0.00% APY0.00 bps$5.28K
ASTER0.00 bps0.00% APY0.00 bps$5.16K

Last updated 2026-07-16T22:32:50Z (UTC).

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