SPDR S&P 500 ETF Trust • Robinhood Token Funding Rate (SPY)
Compare SPDR S&P 500 ETF Trust • Robinhood Token perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute
SPDR S&P 500 ETF Trust • Robinhood Token current price: $763.55
SPY Funding Rate by Exchange
Next settlement --:--:--| # | Exchange | Funding Rate | APR | Settlement Interval | Next Settlement | Open Interest |
|---|---|---|---|---|---|---|
| 1 | MEXC | +0.0110% | — | — | — | $16.1M |
| 2 | Bitgethighest | +0.0208% | +22.78% | 8h | — | $10.4M |
| 3 | WhiteBIT | +0.0161% | +17.66% | 8h | 00:00 UTC | $7.0M |
| 4 | KuCoin | +0.0100% | +10.95% | 8h | 00:00 UTC | $5.1M |
| 5 | Bybit | +0.0000% | +0.00% | 8h | 00:00 UTC | $4.7M |
| 6 | Lighter | +0.0032% | +28.03% | 1h | — | $3.6M |
| 7 | Coinbase | +0.0032% | +28.03% | 1h | — | $0.5M |
| 8 | Aster | +0.0093% | +10.21% | 8h | 00:00 UTC | $0.4M |
| 9 | Crypto.com | +0.0053% | — | — | — | $0.1M |
| 10 | edgeX | +0.0000% | +0.00% | 4h | 12:00 UTC | $0.1M |
| 11 | Binance | +0.0110% | +12.01% | 8h | 00:00 UTC | — |
| 12 | HTX | +0.0000% | +0.00% | 8h | 00:00 UTC | — |
| 13 | Bitunix | +0.0102% | +11.14% | 8h | 00:00 UTC | — |
| 14 | LBank | +0.0111% | — | — | 00:00 UTC | — |
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0079%
OI-Weighted Rate
+0.0120%
Volume-Weighted Rate
+0.0109%
SPY Funding Rate History
SPY Cumulative Funding Cost
Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.
| Exchange | 1D | 7D | 30D | 90D |
|---|---|---|---|---|
| Binance | +0.0000% | +0.0000% | -0.0009% | +0.0398% |
About SPDR S&P 500 ETF Trust • Robinhood Token Funding Rate
What is the SPY funding rate?
The SPY funding rate is a periodic payment between long and short traders on SPDR S&P 500 ETF Trust • Robinhood Token perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged SPY perpetual position.
What does a positive or negative SPY funding rate mean?
A persistently positive SPY funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.
What is the current SPY funding rate?
As of now, the SPY funding rate averages 0.0079% across 14 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.
Which exchange has the highest SPY funding rate?
Right now bitget shows the highest (or most extreme) SPY funding rate among tracked exchanges, at 0.0208%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.
More Coin Funding Rates
View full funding rate matrix ›BTCETHSOLXRPBNBDOGEHYPEZECOKBSKLADALINKAVAXXLMBCHUNIAAVESUINEARARBENAWLDBLURYFIHOTKAITOTRXXMRCCGRAMLTCHBARXAUTTAOWLFIPAXGASTERDEXEONDODOTSKYMORPHOICPETCPIJSTBEATPOLATOMRENDER
View full funding rate matrix › (+239)
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