US500 Perp Funding Rate | Sharpe Terminal

Best venue to short+5.00%Kinetiq · Shorts collect the funding longs pay

Cheapest venue to long+5.00%Kinetiq · Lowest funding a long pays — negative means longs get paid

Short-vs-long spread—Needs two funding venues

Open interest · trusted current venues$1M3 venues listing US500

Avantisfunding plus borrow

5.00% costAnnualized rollover, charged to both sides

Mark $741.42OI $108K

Kinetiqbuilder set

+5.00%Annualized funding · settles every 1h

Mark $741.81OI $1M

Lighterstandard

-15.77%Annualized funding · settles every 8h

Mark $7,431.1OI $1M

Funding history · annualized

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Accumulated funding

Venue	1D	7D	30D
Kinetiq	— 0/24 · 0%	— 0/168 · 0%	— 500/720 · 69%
Lighter	+0.01% 24/3 · 100%	+0.07% 168/21 · 100%	+0.31% 720/90 · 100%

Funding by session phase · 30D avg annualized

Phase	Avg APR	Settlements
Market hours	+0.33%	209
After hours	+1.10%	627
Weekend	+1.47%	336
Holiday	+3.32%	48

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.