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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

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
WOOFIPRO8.00 bps87.60% APY8.00 bps$0
CRYPTOCOM-3.10 bps-33.95% APY0.60 bps$90.33K
GRVT1.70 bps18.61% APY4.10 bps$770.24K
BINGX-1.00 bps-10.95% APY-0.90 bps$1.83M
DECIBEL1.00 bps10.95% APY1.00 bps$47.54K
COINBASE INTL-0.80 bps-8.76% APY-0.50 bps$202.96K
VEST0.50 bps5.47% APY0.50 bps$834.26K
GATEIO-0.40 bps-4.38% APY0.40 bps$532.76K
LIGHTER0.30 bps3.28% APY0.30 bps$378.01K
KUCOIN0.30 bps3.28% APY0.60 bps$283.33K
NADO0.20 bps2.19% APY-0.80 bps$455.98K
BINANCE0.00 bps0.00% APY0.10 bps$27.03M
OKX0.00 bps0.00% APYn/a$1.90M
HUOBI0.00 bps0.00% APYn/a$27.88K
PHEMEX0.00 bps0.00% APY0.00 bps$4.82K
ASTER0.00 bps0.00% APY0.00 bps$3.62K

Last updated 2026-07-16T18:38:26Z (UTC).

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