SPY funding rates
SPY perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 10.4%long RISEx, short Lighter RH · net 8.9%
- Highest funding now
- 19.3%LrLighter RH
- Lowest funding now
- 0.0%AsAster
- Listed on
- 11 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LrLighter RH | SPY | 19.3% | 5.2% | 6.8% | 6.2% | 7.1% | 100% | 1h | 04:00 | 781.43 | $46.7M | $59.9M | TradFi | LrLighter RH | |
| RwRWA Perp | PERP_SPY_USDC_mythos | 10.9% | 10.9% | 11.0% | 10.9% | 11.0% | 100% | 8h | 08:00 | 781.45 | $4k | $0 | TradFi | RwRWA Perp | |
| LiLighter | SPY | 3.5% | 3.5% | 3.7% | 5.5% | 3.7% | 100% | 1h | 04:00 | 780.88 | $6.4M | $4.4M | TradFi | LiLighter | |
| NaNado | SPY-PERP_USDT0 | 1.7% | 7.8% | 0.9% | 6.7% | −0.3% | 60% | 1h | 04:00 | 781.74 | $1.5M | $1.5M | TradFi | NaNado | |
| AsAster | SPYUSDT | 0.0% | 0.0% | 0.0% | 2.2% | 0.0% | 0% | 8h | 08:00 | 781.67 | $737k | $49k | TradFi | AsAster | |
| GrGRVT | SPY_USDT_Perp | 0.0% | 0.0% | 0.8% | 3.9% | 0.9% | 10% | 8h | 08:00 | 782.03 | $151k | $331k | TradFi | GrGRVT | |
| RxRISEx | SPY/USDC | 0.0% | −9.6% | −3.6% | 3.3% | −2.6% | 11% | 1h | 04:00 | 781.43 | $7.7M | $3.6M | TradFi | RxRISEx | |
| ByBybitCEX | SPYUSDT | 0.0% | −0.1% | −0.5% | 1.0% | −0.6% | 5% | 8h | 08:00 | 781.49 | $8.4M | $11.1M | TradFi | ByBybit | |
| BgBitgetCEX | SPYUSDT | 0.0% | 0.0% | 0.7% | 4.9% | 0.8% | 19% | 8h | 08:00 | 782.12 | $10.1M | $712k | TradFi | BgBitget | |
| GtGateCEX | SPY_USDT | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0% | 8h | 08:00 | 782.05 | $1.8M | $1.3M | TradFi | GtGate | |
| MxMEXCCEX | SPY_USDT | 0.0% | 0.0% | 0.2% | 3.1% | 0.2% | 5% | 8h | 08:00 | 781.92 | $24.9M | $2.0M | TradFi | MxMEXC |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| RxRISEx | LrLighter RH | 19.3% | 14.8% | 10.4% | 2.0% | 8.9% | 13.3% | 2.1d | steady | $7.7M | TradFi | RxLr | calc | |
| RxRISEx | LiLighter | 3.5% | 13.1% | 7.3% | 2.2% | 5.7% | 8.5% | 3.0d | steady | $6.4M | TradFi | RxLi | calc | |
| MxMEXCCEX | LrLighter RH | 19.3% | 5.2% | 6.6% | 3.0% | 5.6% | 8.4% | 2.2d | steady | $24.9M | 8h/1hTradFi | MxLr | calc | |
| AsAster | LrLighter RH | 19.3% | 5.2% | 6.8% | 3.9% | 4.8% | 7.1% | 4.3d | steady | $737k | 8h/1hTradFi | AsLr | calc | |
| ByBybitCEX | LrLighter RH | 19.3% | 5.4% | 7.3% | 5.0% | 4.5% | 6.7% | 5.5d | steady | $8.4M | 8h/1hTradFi | ByLr | calc | |
| NaNado | LrLighter RH | 17.6% | −2.6% | 6.0% | 2.1% | 4.1% | 6.2% | 4.3d | cooling | $1.5M | TradFi | NaLr | calc | |
| GrGRVT | LrLighter RH | 19.3% | 5.2% | 6.0% | 2.5% | 3.7% | 5.5% | 5.4d | steady | $151k | 8h/1hTradFi | GrLr | calc | |
| LiLighter | LrLighter RH | 15.8% | 1.7% | 3.2% | −0.2% | 3.2% | 4.8% | <0.1d | weak | $6.4M | TradFi | LiLr | calc | |
| BgBitgetCEX | LrLighter RH | 19.3% | 5.2% | 6.2% | 0.9% | 3.0% | 4.6% | 7.1d | steady | $10.1M | 8h/1hTradFi | BgLr | calc | |
| GtGateCEX | LrLighter RH | 19.3% | 5.2% | 6.8% | 5.7% | 2.9% | 4.4% | 8.0d | steady | $1.8M | 8h/1hTradFi | GtLr | calc | |
| MxMEXCCEX | LiLighter | 3.5% | 3.5% | 3.5% | 2.4% | 2.4% | 3.6% | 4.2d | weak | $6.4M | 8h/1hTradFi | MxLi | calc | |
| AsAster | LiLighter | 3.5% | 3.5% | 3.7% | 3.3% | 1.6% | 2.4% | 8.0d | weak | $737k | 8h/1hTradFi | AsLi | calc | |
| ByBybitCEX | LiLighter | 3.5% | 3.6% | 4.2% | 4.6% | 1.3% | 2.0% | 9.6d | weak | $6.4M | 8h/1hTradFi | ByLi | calc | |
| RxRISEx | MxMEXCCEX | 0.0% | 9.6% | 3.8% | −0.3% | 1.2% | 1.8% | 9.6d | weak | $7.7M | 1h/8hTradFi | RxMx | calc | |
| GrGRVT | LiLighter | 3.5% | 3.5% | 2.9% | 1.6% | 0.5% | 0.8% | 11d | weak | $151k | 8h/1hTradFi | GrLi | calc | |
| NaNado | LiLighter | 1.8% | −4.3% | 2.8% | −1.1% | 1.0% | 1.4% | 9.2d | mixed | $1.5M | TradFi | NaLi | calc | |
| RxRISEx | GrGRVT | 0.0% | 9.6% | 4.4% | 0.5% | 0.5% | 0.7% | 12d | weak | $151k | 1h/8hTradFi | RxGr | calc | |
| RxRISEx | NaNado | 1.7% | 17.4% | 4.5% | 3.3% | 1.1% | 1.6% | 11d | spike ×7.5 | $1.5M | TradFi | RxNa | calc | |
| RxRISEx | AsAster | 0.0% | 9.6% | 3.6% | −1.1% | −0.1% | −0.1% | 14d | weak | $737k | 1h/8hTradFi | RxAs | calc | |
| BgBitgetCEX | LiLighter | 3.5% | 3.5% | 3.0% | 0.6% | −0.1% | −0.2% | 15d | weak | $6.4M | 8h/1hTradFi | BgLi | calc | |
| GtGateCEX | LiLighter | 3.5% | 3.5% | 3.7% | 5.5% | −0.2% | −0.4% | 15d | weak | $1.8M | 8h/1hTradFi | GtLi | calc | |
| RxRISEx | BgBitgetCEX | 0.0% | 9.6% | 4.3% | 1.5% | −0.4% | −0.6% | 15d | weak | $7.7M | 1h/8hTradFi | RxBg | calc | |
| RxRISEx | ByBybitCEX | 0.0% | 9.4% | 3.1% | −2.4% | −1.4% | −2.0% | 20d | weak | $7.7M | 1h/8hTradFi | RxBy | calc | |
| RxRISEx | GtGateCEX | 0.0% | 9.6% | 3.6% | −3.4% | −1.9% | −2.8% | 21d | weak | $1.8M | 1h/8hTradFi | RxGt | calc | |
| MxMEXCCEX | GrGRVT | 0.0% | 0.0% | 0.6% | 0.8% | −2.8% | −4.2% | 80d | weak | $151k | TradFi | MxGr | calc | |
| AsAster | MxMEXCCEX | 0.0% | 0.0% | 0.2% | 0.8% | −2.9% | −4.4% | 215d | weak | $737k | TradFi | AsMx | calc | |
| ByBybitCEX | MxMEXCCEX | 0.0% | 0.1% | 0.7% | 2.1% | −3.2% | −4.8% | 77d | weak | $8.4M | TradFi | ByMx | calc | |
| ByBybitCEX | NaNado | 1.7% | 8.0% | 1.4% | 5.7% | −3.3% | −5.0% | 47d | weak | $1.5M | 8h/1hTradFi | ByNa | calc | |
| AsAster | GrGRVT | 0.0% | 0.0% | 0.8% | 1.6% | −3.6% | −5.4% | 78d | weak | $151k | TradFi | AsGr | calc | |
| MxMEXCCEX | BgBitgetCEX | 0.0% | 0.0% | 0.5% | 1.8% | −3.7% | −5.5% | 123d | weak | $10.1M | TradFi | MxBg | calc | |
| ByBybitCEX | GrGRVT | 0.0% | 0.1% | 1.3% | 2.9% | −3.9% | −5.9% | 56d | weak | $151k | TradFi | ByGr | calc | |
| MxMEXCCEX | NaNado | 1.7% | 7.8% | 0.7% | 3.6% | −2.2% | −3.3% | 59d | mixed | $1.5M | 8h/1hTradFi | MxNa | calc | |
| ByBybitCEX | AsAster | 0.0% | 0.1% | 0.5% | 1.3% | −4.4% | −6.7% | 137d | weak | $737k | TradFi | ByAs | calc | |
| AsAster | BgBitgetCEX | 0.0% | 0.0% | 0.7% | 2.7% | −4.5% | −6.8% | 108d | weak | $737k | TradFi | AsBg | calc | |
| GtGateCEX | MxMEXCCEX | 0.0% | 0.0% | 0.2% | 3.1% | −4.8% | −7.1% | 341d | weak | $1.8M | TradFi | GtMx | calc | |
| ByBybitCEX | BgBitgetCEX | 0.0% | 0.1% | 1.2% | 3.9% | −4.8% | −7.2% | 71d | weak | $8.4M | TradFi | ByBg | calc | |
| BgBitgetCEX | GrGRVT | 0.0% | 0.0% | 0.1% | −1.0% | −5.4% | −8.0% | 631d | weak | $151k | TradFi | BgGr | calc | |
| GtGateCEX | GrGRVT | 0.0% | 0.0% | 0.8% | 3.9% | −5.5% | −8.2% | 110d | weak | $151k | TradFi | GtGr | calc | |
| AsAster | NaNado | 1.7% | 7.8% | 0.9% | 4.4% | −3.0% | −4.5% | 62d | mixed | $737k | 8h/1hTradFi | AsNa | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 0.1% | 0.5% | −1.0% | −6.3% | −9.4% | 187d | weak | $1.8M | TradFi | ByGt | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 0.0% | 0.7% | 4.9% | −6.4% | −9.5% | 145d | weak | $1.8M | TradFi | GtBg | calc | |
| GrGRVT | NaNado | 1.7% | 7.8% | 0.1% | 2.8% | −4.1% | −6.1% | 680d | mixed | $151k | 8h/1hTradFi | GrNa | calc | |
| BgBitgetCEX | NaNado | 1.7% | 7.8% | 0.2% | 1.8% | −4.7% | −7.1% | 334d | mixed | $1.5M | 8h/1hTradFi | BgNa | calc | |
| GtGateCEX | NaNado | 1.7% | 7.8% | 0.9% | 6.7% | −4.9% | −7.3% | 91d | mixed | $1.5M | 8h/1hTradFi | GtNa | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 03:16 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
SPY · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | BgBitget782.12 | GtGate782.05 | GrGRVT782.035 | MxMEXC781.92 | NaNado781.739 | AsAster781.672 | ByBybit781.49 | RwRWA Perp781.45 | LrLighter RH781.43 | RxRISEx781.426 | LiLighter780.885 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LiLighter780.885 | 0.158% | 0.149% | 0.147% | 0.132% | 0.109% | 0.101% | 0.077% | 0.072% | 0.070% | 0.069% | — |
| RxRISEx781.426 | 0.089% | 0.080% | 0.078% | 0.063% | 0.040% | 0.032% | 0.008% | 0.003% | 0.001% | — | −0.069% |
| LrLighter RH781.43 | 0.088% | 0.079% | 0.077% | 0.063% | 0.040% | 0.031% | 0.008% | 0.003% | — | −0.001% | −0.070% |
| RwRWA Perp781.45 | 0.086% | 0.077% | 0.075% | 0.060% | 0.037% | 0.028% | 0.005% | — | −0.003% | −0.003% | −0.072% |
| ByBybit781.49 | 0.081% | 0.072% | 0.070% | 0.055% | 0.032% | 0.023% | — | −0.005% | −0.008% | −0.008% | −0.077% |
| AsAster781.672 | 0.057% | 0.048% | 0.046% | 0.032% | 0.009% | — | −0.023% | −0.028% | −0.031% | −0.032% | −0.101% |
| NaNado781.739 | 0.049% | 0.040% | 0.038% | 0.023% | — | −0.009% | −0.032% | −0.037% | −0.040% | −0.040% | −0.109% |
| MxMEXC781.92 | 0.026% | 0.017% | 0.015% | — | −0.023% | −0.032% | −0.055% | −0.060% | −0.063% | −0.063% | −0.132% |
| GrGRVT782.035 | 0.011% | 0.002% | — | −0.015% | −0.038% | −0.046% | −0.070% | −0.075% | −0.077% | −0.078% | −0.147% |
| GtGate782.05 | 0.009% | — | −0.002% | −0.017% | −0.040% | −0.048% | −0.072% | −0.077% | −0.079% | −0.080% | −0.149% |
| BgBitget782.12 | — | −0.009% | −0.011% | −0.026% | −0.049% | −0.057% | −0.081% | −0.086% | −0.088% | −0.089% | −0.158% |
All quotes (11)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 781.672 | 781.672 | mark | 7m | $49k | closedno FX |
| BgBitgetCEX | 782.12 | 782.12 | mark | 6m | $712k | closedno FX |
| ByBybitCEX | 781.49 | 781.49 | mark | 6m | $11.1M | closedno FX |
| GtGateCEX | 782.05 | 782.05 | mark | 6m | $1.3M | closedno FX |
| GrGRVT | 782.035 | 782.035 | mark | 7m | $331k | closedno FX |
| LiLighter | 780.885 | 780.885 | mark | 7m | $4.4M | closed |
| MxMEXCCEX | 781.92 | 781.92 | mark | 7m | $2.0M | closedno FX |
| NaNado | 781.739 | 781.739 | mark | 7m | $1.5M | closedno FX |
| LrLighter RH | 781.43 | 781.43 | mark | 7m | $59.9M | closed |
| RxRISEx | 781.426 | 781.426 | mark | 7m | $3.6M | closed |
| RwRWA Perp | 781.45 | 781.45 | mark | 7m | $0 | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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