S&P 500 (SP500) funding rates

S&P 500 (SP500) perpetual funding is currently quoted across 10 venues, ranging from -25.7% to +12.1% APR. The most reliable delta-neutral pairing for S&P 500 (SP500) right now is long TradeXYZ / short Lighter at +6.5% net APR (low risk, ~1d to break even).

as of 2026-07-29 10:42 UTC
Best delta-neutral pairing
Long TradeXYZ / Short Lighter
+6.5% net APR
Backtested (30d)
+4.0%
Stability
78.8%
Risk
low
Breakeven
~1d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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SP500 funding by exchange

ExchangeFunding APR
Ondo+12.09%
Pacifica+10.95%
QFEX+8.76%
SoDEX+5.47%
Lighter+3.50%
Extended+3.50%
Variational+0.00%
TradeXYZ-4.68%
HotStuff-21.90%
Paradex-25.74%

Frequently asked

What is the SP500 funding rate right now?

S&P 500 (SP500) perpetual funding ranges from -25.74% to 12.09% APR across 10 exchanges we track; the widest delta-neutral spread is long TradeXYZ / short Lighter at 6.5% net APR.

Which exchange has the highest SP500 funding rate?

Ondo currently has the highest at 12.09% APR. See the full ranking above.