SPY funding rate on Lighter
Over the last 30 days, SPY funding on Lighter averaged +3.4% APR and stayed positive 99.6% of the time, ranging from -61.5% to +37.7%. Right now it pays longs pay shorts at +3.5% APR, settled every 1h across 7 venues we track. The most reliable delta-neutral pairing for SPY right now is long Aster / short Decibel at +41.6% net APR (low risk, ~1.1d to break even).
SPY funding history on Lighterlast 30d
- Backtested (30d)
- +3.3%
- Stability
- 95%
- Risk
- low
- Breakeven
- ~0.4d
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 2026-07-29 15:01 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 Decibel, currently 42.9% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.