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
12
listing this pair

Over the last 30 days, SPY funding on Lighter RH averaged +6.4% APR and stayed positive 99.6% of the time, ranging from -37.1% to +166.9%. Right now it pays longs pay shorts at +3.5% APR, settled every 1h across 12 venues we track. The most reliable delta-neutral pairing for SPY right now is long Phoenix / short Decibel at +3.4% net APR (low risk, ~0.1d to break even).

as of 2026-10-19 17:31 UTC

SPY funding history on Lighter RHlast 30d

30d average
+6.38%
Range
-37% / 167%
% positive
99.6%
Volatility
8.2
Best delta-neutral pairing
Long Lighter RH / Short Decibel
+1.7% net APR
Backtested (30d)
+7.3%
Stability
84.9%
Risk
low
Breakeven
~0.8d

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

ExchangeFunding APR
Decibel+7.01%
Nado+5.23%
TxFlow+3.94%
Lighter RH+3.50%
Lighter+3.50%
RiseX+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
Phoenix-1.14%
Ondo-14.54%
Arcus-31.88%

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 2026-10-19 17:31 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 Decibel, currently 1.7% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy