SPDR S&P 500 ETF (SPY) Funding Rate History
SPDR S&P 500 ETF (SPY) perpetual futures funding ranges from -6.80 bps on ASTER to 1.00 bps on GRVT across 12 reporting venues, a spread of 7.80 bps. The most extreme rate (-74.46% APY annualized) is on ASTER. Currently funding signs are mixed: 6 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 |
|---|---|---|---|---|
| ASTER | -6.80 bps | -74.46% APY | -1.50 bps | $16.91K |
| BITGET | -4.70 bps | -51.46% APY | -1.60 bps | $1.83M |
| EDGEX | -3.00 bps | -32.85% APY | -1.80 bps | $4.03M |
| NADO | -1.60 bps | -17.52% APY | -0.10 bps | $1.75M |
| GRVT | 1.00 bps | 10.95% APY | 1.40 bps | $664.98K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $47.04K |
| OKX | 0.70 bps | 7.66% APY | 0.30 bps | $2.04M |
| CRYPTOCOM | 0.50 bps | 5.47% APY | -0.50 bps | $363.58K |
| VEST | 0.50 bps | 5.47% APY | 0.40 bps | $255.46K |
| LIGHTER | 0.30 bps | 3.28% APY | 0.30 bps | $1.30M |
| BINANCE | 0.00 bps | 0.00% APY | 1.40 bps | $6.79M |
| KUCOIN | 0.00 bps | 0.00% APY | 1.70 bps | $136.00K |
Last updated 2026-05-16T09:34:59.274451Z (UTC).
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Related: SPY open interest, SPY volume, SPY perp market data.