SPY funding rate on Nado

Funding APR
+7.57%
0.0207% / 24h
Interval
1h
next 03:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
12
listing this pair

Over the last 30 days, SPY funding on Nado averaged +4.0% APR and stayed positive 66.2% of the time, ranging from -42.4% to +121.7%. Right now it pays longs pay shorts at +7.6% APR, settled every 1h across 12 venues we track. The most reliable delta-neutral pairing for SPY right now is long Variational / short Phoenix at +2.0% net APR (low risk, ~1.7d to break even).

as of 2026-10-28 02:51 UTC

SPY funding history on Nadolast 30d

30d average
+3.95%
Range
-42% / 122%
% positive
66.2%
Volatility
11.9
Best delta-neutral pairing
Long Variational / Short Phoenix
+2.0% net APR
Backtested (30d)
+12.1%
Stability
79.2%
Risk
low
Breakeven
~1.7d

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
Grvt+20.80%
Aster+10.50%
Nado+7.57%
Phoenix+6.83%
Ondo+5.52%
Arcus+4.49%
Lighter+3.50%
Lighter RH+3.50%
Variational+3.29%
TxFlow+0.44%
RiseX+0.00%
Decibel+0.00%

Frequently asked

What is the current SPY funding rate on Nado?

SPY on Nado is funding at 7.57% APR (0.0207% every 24h), paid longs pay shorts, as of 2026-10-28 02:51 UTC.

How often does Nado pay funding on SPY?

Every 1 hour.

How do I earn SPY funding without price risk?

Open a delta-neutral position: long Variational and short Phoenix, currently 2.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy