SPY Perp Funding
SPY perpetual funding and carry across venues, annualized and mechanism-true.
Best venue to short+10.94%Orderly · Shorts collect the funding longs pay
Cheapest venue to long-14.34%Gate · Lowest funding a long pays. Negative means longs get paid.
Short-vs-long spread25.29%Short Orderly / long Gate
Open interest by venue$57M10 venues listing SPY
Asterstandard
0.00%Annualized funding · settles every 8hMark $761.02OI $769K
Binancestandard
0.00%Annualized funding · settles every 8hMark $760.97OI $32M
Bitgetstandard
0.00%Annualized funding · settles every 8hMark $761.28OI $10M
Coinbasestandard
-11.39%Annualized funding · settles every 1hMark $760.71OI $543K
Gatestandard
-14.34%Annualized funding · settles every 8hMark $761.03OI $289K
GRVTstandard
0.00%Annualized funding · settles every 8hMark $761.09OI $157K
Krakenstandard
-12.06%Annualized funding · settles every 1hMark $761.46OI $2M
Lighterstandard
+3.50%Annualized funding · settles every 8hMark $759.66OI $7M
OKXstandard
0.00%Annualized funding · settles every 8hMark $760.95OI $5M
Orderlystandard
+10.94%Annualized funding · settles every 8hMark $760.86OI $2K
Funding history · annualized
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Accumulated funding
| Venue | 1D | 7D | 30D |
|---|---|---|---|
| Aster | 0.00% 3/3 · 100% | +0.08% 21/21 · 100% | +0.22% 90/90 · 100% |
| Binance | 0.00% 3/3 · 100% | +0.08% 21/21 · 100% | +0.28% 90/90 · 100% |
| Bitget | 0.00% 3/3 · 100% | +0.03% 21/21 · 100% | +0.06% 90/90 · 100% |
| Coinbase | -0.06% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | -0.01% 3/3 · 100% | -0.03% 21/21 · 100% | — 34/90 · 38% |
| GRVT | 0.00% 3/3 · 100% | +0.10% 21/21 · 100% | +0.40% 90/90 · 100% |
| Kraken | -0.15% 24/24 · 100% | -0.60% 168/168 · 100% | +0.17% 720/720 · 100% |
| Lighter | +0.01% 24/3 · 100% | +0.07% 168/21 · 100% | +0.29% 720/90 · 100% |
| OKX | 0.00% 3/3 · 100% | +0.05% 21/21 · 100% | +0.24% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.90% 90/90 · 100% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|---|---|
| Market hours | +6.91% | 365 |
| After hours | +6.34% | 991 |
| Weekend | -3.52% | 689 |
| Holiday | -33.11% | 69 |
Underlying equities print ~32.5 market hours a week; these perps trade 168. Accumulated and session tables cover every venue with a per-settlement feed; rollover venues (Ostium, Avantis) charge both sides continuously and publish no settle history.