SPY funding rate on Decibel
Over the last 30 days, SPY funding on Decibel averaged +14.9% APR and stayed positive 81.4% of the time, ranging from -38.8% to +341.7%. Right now it pays longs pay shorts at +9.6% APR, settled every 1h across 12 venues we track. The most reliable delta-neutral pairing for SPY right now is long Variational / short Phoenix at +6.0% net APR (low risk, ~0.7d to break even).
SPY funding history on Decibellast 30d
- Backtested (30d)
- +12.0%
- Stability
- 78.8%
- Risk
- low
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How SPY funding compares across venues
Frequently asked
What is the current SPY funding rate on Decibel?
SPY on Decibel is funding at 9.64% APR (0.0011% every 1h), paid longs pay shorts, as of 2026-10-27 23:49 UTC.
How often does Decibel pay funding on SPY?
Every 1 hour.
How do I earn SPY funding without price risk?
Open a delta-neutral position: long Variational and short Phoenix, currently 6.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.