SPY funding rate on Decibel
Over the last 30 days, SPY funding on Decibel averaged +4.4% APR and stayed positive 91.3% of the time, ranging from -82.0% to +36.2%. Right now it pays longs pay shorts at +5.3% APR, settled every 1h across 11 venues we track. The most reliable delta-neutral pairing for SPY right now is long Lighter / short Arcus at +0.4% net APR (low risk, ~2.8d to break even).
SPY funding history on Decibellast 30d
- Backtested (30d)
- +8.3%
- Stability
- 92.7%
- 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 2026-09-12 20:07 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 Lighter and short Arcus, currently 0.4% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.