SPY funding rates
SPY perpetual funding is currently quoted across 11 venues, ranging from +0.0% to +16.0% APR. The most reliable delta-neutral pairing for SPY right now is long Lighter / short Arcus at +12.1% net APR (low risk, ~0d to break even).
as of 2026-09-11 17:09 UTC
Best delta-neutral pairing
Long Lighter / Short Arcus
+12.1% net APR
- Backtested (30d)
- +7.5%
- Stability
- 91.1%
- Risk
- low
- Breakeven
- ~0d
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 0.00% to 16.04% APR across 11 exchanges we track; the widest delta-neutral spread is long Lighter / short Arcus at 12.1% net APR.
Which exchange has the highest SPY funding rate?
Arcus currently has the highest at 16.04% APR. See the full ranking above.