SPY funding rate on Lighter
Over the last 30 days, SPY funding on Lighter averaged +3.4% APR and stayed positive 99.3% of the time, ranging from -30.6% to +3.5%. Right now it pays longs pay shorts at +3.5% 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 +0.5% net APR (low risk, ~2.5d to break even).
SPY funding history on Lighterlast 30d
- Backtested (30d)
- +8.3%
- Stability
- 92.1%
- Risk
- low
- Breakeven
- ~2.5d
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 Lighter?
SPY on Lighter is funding at 3.50% APR (0.0004% every 1h), paid longs pay shorts, as of 2026-09-12 13:03 UTC.
How often does Lighter 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 0.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.