S&P 500 (SP500) funding rates
S&P 500 (SP500) perpetual funding is currently quoted across 11 venues, ranging from -21.9% to +10.9% APR. The most reliable delta-neutral pairing for S&P 500 (SP500) right now is long Variational / short Pacifica at +7.4% net APR (high risk, ~2.3d to break even).
as of 2026-09-12 14:52 UTC
Best delta-neutral pairing
Long Variational / Short Pacifica
+7.4% net APR
- Backtested (30d)
- -1.9%
- Stability
- 69.3%
- Risk
- high
- Breakeven
- ~2.3d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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Frequently asked
What is the SP500 funding rate right now?
S&P 500 (SP500) perpetual funding ranges from -21.90% to 10.95% APR across 11 exchanges we track; the widest delta-neutral spread is long Variational / short Pacifica at 7.4% net APR.
Which exchange has the highest SP500 funding rate?
Pacifica currently has the highest at 10.95% APR. See the full ranking above.