SPY funding rate on Decibel
Over the last 30 days, SPY funding on Decibel averaged +9.1% APR and stayed positive 95% of the time, ranging from -88.5% to +48.4%. Right now it pays longs pay shorts at +5.3% APR, settled every 1h across 6 venues we track. The most reliable delta-neutral pairing for SPY right now is long Nado / short Grvt at +1.5% net APR (low risk, ~4.7d to break even).
SPY funding history on Decibellast 30d
- Backtested (30d)
- +11.0%
- Stability
- 90.5%
- Risk
- low
- Breakeven
- ~2.8d
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 5.26% APR (0.0006% every 1h), paid longs pay shorts, as of 2026-07-29 10:40 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 Nado and short Decibel, currently 7.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.