S&P 500 (SP500) funding rates

S&P 500 (SP500) perpetual funding is currently quoted across 10 venues, ranging from -5.8% to +10.9% APR. The most reliable delta-neutral pairing for S&P 500 (SP500) right now is long TradeXYZ / short PopDEX at +8.3% net APR (low risk, ~2.1d to break even).

as of 2026-10-28 08:44 UTC
Best delta-neutral pairing
Long TradeXYZ / Short PopDEX
+8.3% net APR
Backtested (30d)
+0.6%
Stability
96.6%
Risk
low
Breakeven
~2.1d

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
Pacifica+10.95%
QFEX+8.76%
Ondo+5.52%
PopDEX+5.52%
Polymarket+5.47%
SoDEX+5.47%
Paradex+5.47%
Lighter+3.50%
Extended+3.50%
TradeXYZ-5.80%

Frequently asked

What is the SP500 funding rate right now?

S&P 500 (SP500) perpetual funding ranges from -5.80% to 10.95% APR across 10 exchanges we track; the widest delta-neutral spread is long TradeXYZ / short PopDEX at 8.3% net APR.

Which exchange has the highest SP500 funding rate?

Pacifica currently has the highest at 10.95% APR. See the full ranking above.