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
| 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 | -1.90 bps | -20.80% APY | 0.50 bps | $75.33K |
| GRVT | 1.70 bps | 18.61% APY | 4.00 bps | $768.20K |
| BINGX | -1.00 bps | -10.95% APY | -0.90 bps | $1.81M |
| KUCOIN | 1.00 bps | 10.95% APY | 0.60 bps | $292.20K |
| DECIBEL | 1.00 bps | 10.95% APY | 1.00 bps | $52.28K |
| GATEIO | 0.60 bps | 6.57% APY | 0.40 bps | $539.82K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $1.14M |
| LIGHTER | 0.30 bps | 3.28% APY | 0.30 bps | $408.73K |
| COINBASE INTL | 0.20 bps | 2.19% APY | -0.50 bps | $392.51K |
| NADO | -0.20 bps | -2.19% APY | -0.80 bps | $312.22K |
| BINANCE | 0.00 bps | 0.00% APY | 0.10 bps | $27.02M |
| OKX | 0.00 bps | 0.00% APY | n/a | $1.84M |
| HUOBI | 0.00 bps | 0.00% APY | n/a | $26.34K |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $5.28K |
| ASTER | 0.00 bps | 0.00% APY | 0.00 bps | $5.16K |
Last updated 2026-07-16T22:32:50Z (UTC).
Loading SPY funding history...
Related: SPY open interest, SPY volume, SPY perp market data.