SPY funding rates
SPY perpetual funding is currently quoted across 12 venues, ranging from -5.2% to +31.5% APR. The most reliable delta-neutral pairing for SPY right now is long Variational / short Phoenix at +14.2% net APR (low risk, ~0.7d to break even).
as of 2026-10-27 23:44 UTC
Best delta-neutral pairing
Long Variational / Short Phoenix
+14.2% net APR
- Backtested (30d)
- +12.0%
- Stability
- 78.8%
- Risk
- low
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeSPY funding by exchange
Frequently asked
What is the SPY funding rate right now?
SPY perpetual funding ranges from -5.15% to 31.54% APR across 12 exchanges we track; the widest delta-neutral spread is long Variational / short Phoenix at 14.2% net APR.
Which exchange has the highest SPY funding rate?
Grvt currently has the highest at 31.54% APR. See the full ranking above.