SPY funding rate on Lighter RH

Funding APR
+3.50%
0.0004% / 1h
Interval
1h
next 18:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
10
listing this pair

Over the last 30 days, SPY funding on Lighter RH averaged +3.8% APR and stayed positive 98.1% of the time, ranging from -34.2% to +31.3%. Right now it pays longs pay shorts at +3.5% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for SPY right now is long Nado / short Arcus at +18.9% net APR (low risk, ~0.3d to break even).

as of 2026-09-04 17:26 UTC

SPY funding history on Lighter RHlast 30d

30d average
+3.79%
Range
-34% / 31%
% positive
98.1%
Volatility
3.4
Best delta-neutral pairing
Long Lighter RH / Short Arcus
+30.5% net APR
Backtested (30d)
+4.6%
Stability
83.7%
Risk
low
Breakeven
~0d

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

ExchangeFunding APR
Arcus+34.36%
Nado+13.92%
TxFlow+10.95%
Grvt+8.54%
Ondo+5.52%
Decibel+5.26%
Lighter RH+3.50%
Lighter+3.50%
RiseX+0.00%
Aster+0.00%

Frequently asked

What is the current SPY funding rate on Lighter RH?

SPY on Lighter RH is funding at 3.50% APR (0.0004% every 1h), paid longs pay shorts, as of 2026-09-04 17:26 UTC.

How often does Lighter RH pay funding on SPY?

Every 1 hour.

How do I earn SPY funding without price risk?

Open a delta-neutral position: long Lighter RH and short Arcus, currently 30.5% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy