SPY funding rates
SPY perpetual funding is currently quoted across 7 venues, ranging from -11.8% to +5.3% APR. The most reliable delta-neutral pairing for SPY right now is long Nado / short Grvt at +5.8% net APR (low risk, ~3d to break even).
as of 2026-07-29 10:02 UTC
Best delta-neutral pairing
Long Nado / Short Grvt
+5.8% net APR
- Backtested (30d)
- +25.6%
- Stability
- 88.8%
- Risk
- low
- Breakeven
- ~3d
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 -11.78% to 5.26% APR across 7 exchanges we track; the widest delta-neutral spread is long Nado / short Grvt at 5.8% net APR.
Which exchange has the highest SPY funding rate?
Decibel currently has the highest at 5.26% APR. See the full ranking above.