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SPX perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-15 04:09 UTC

SPX is quoted on 9 contracts. The highest funding rate is on Aster at +10.95% annualised, quoted per 4h, and the lowest is on Gate at +7.67% — a gap of 3.29 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.

Highest rate now
+10.95%
Aster · 4h
Lowest rate now
+7.67%
Gate · 4h
Spread
3.29
points
Highest 30d realised APR
+21.96%
Hyperliquid

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
AsterOn-chainSPXUSDT +0.0050%4h +10.95% —
no history yet
 10x 70.5K
Liquidation → Trade
BinanceCentralisedSPXUSDT +0.0050%4h +10.95% +10.95%
Annualised · +10.95% · range +11.0% … +11.0% · 160 settlements
75x 7.3M
Liquidation → Trade
BitgetCentralisedSPXUSDT +0.0050%4h +10.95% +10.95%
Annualised · +10.95% · range +11.0% … +11.0% · 145 settlements
50x 855.5K
Liquidation → Trade
BybitCentralisedSPXPERP +0.0050%4h +10.95% —
no history yet
 20x 24.5K
Liquidation → Trade
BybitCentralisedSPXUSDT +0.0050%4h +10.95% +9.46%
Annualised · +9.46% · range -21.4% … +11.0% · 179 settlements
50x 4.1M
Liquidation → Trade
HyperliquidOn-chainSPX +0.0013%1h +10.95% +21.96%
Annualised · +21.96% · range +11.0% … +163.2% · 719 settlements
5x 2.0M
Liquidation → Trade
OKXCentralisedSPX-USDT-SWAP +0.0050%4h +10.95% +10.89%
Annualised · +10.89% · range +0.6% … +11.0% · 172 settlements
20x 1.0M
Liquidation → Trade
LighterOn-chainSPX +0.0096%8h +10.51% —
no history yet
 5x 246.2K
Liquidation → Trade
GateCentralisedSPX_USDT +0.0035%4h +7.67% —
no history yet
 50x 295.8K
Liquidation → Trade

Common questions

Which exchanges list SPX perpetual futures?

SPX trades as 9 perpetual contracts across 8 venues: Aster, Binance, Bitget, Bybit, Gate, Hyperliquid, Lighter and OKX. The busiest is Binance, with $7.3M of 24h turnover — 46% of the total.

Where is SPX funding cheapest right now?

For a long, the most favourable collected rate is +7.67% annualised on Gate; for a short, it is +10.95% on Aster — a gap of 3.29 points. Every venue collected has longs paying right now.

How much funding does a 10,000 USDT SPX position pay per day?

At current rates a 10,000 USDT long pays about +3.00 USDT a day on Aster and +2.10 USDT on Gate.

How often does SPX funding settle?

It depends on the venue: Hyperliquid and Lighter every 1h; Aster, Binance, Bitget, Bybit, Gate and OKX every 4h.

What has SPX funding actually paid over the past 30 days?

The highest realised figure was on Hyperliquid: +21.96% annualised across 719 settlements, 0% of them negative. The lowest was Bybit SPXUSDT, at +9.46%. 5 of the 9 contracts have at least a week of settled history to measure.

What is the highest leverage available on SPX?

The highest collected cap is 75x, on Binance. On Binance it applies up to 5K USDT of notional; above that the cap drops to 50x.

Further readingCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions

SPX comparison scope and payment direction

This page retains low-turnover SPX contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD, USDC and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.

Rates and chart methodology

Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Aster · SPXUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 500000 quote 5.0000% 10.00x —
2 500000 – 1000000 quote 10.0000% 5.00x 25000
3 1000000 – 2500000 quote 12.5000% 4.00x 50000
4 2500000 – 5000000 quote 16.6700% 3.00x 154250
5 5000000 – 10000000 quote 25.0000% 2.00x 570750
6 10000000 – 1000000000 quote 50.0000% 1.00x 3070750

Binance · SPXUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x —
2 5000 – 10000 quote 1.5000% 50.00x 25
3 10000 – 50000 quote 2.0000% 25.00x 75
4 50000 – 100000 quote 2.5000% 20.00x 325
5 100000 – 175000 quote 3.3300% 15.00x 1155
6 175000 – 250000 quote 5.0000% 10.00x 4077.5
7 250000 – 750000 quote 10.0000% 5.00x 16577.5
8 750000 – 1500000 quote 12.5000% 4.00x 35327.5
9 1500000 – 4500000 quote 16.6700% 3.00x 97877.5
10 4500000 – 7500000 quote 25.0000% 2.00x 472727.5
11 7500000 – 12500000 quote 50.0000% 1.00x 2347727.5

Bitget · SPXUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 10000 quote 1.5000% 50.00x —
2 10000 – 30000 quote 2.0000% 25.00x —
3 30000 – 60000 quote 2.5000% 20.00x —
4 60000 – 300000 quote 5.0000% 10.00x —
5 300000 – 600000 quote 10.0000% 5.00x —
6 600000 – 850000 quote 12.5000% 4.00x —
7 850000 – 1550000 quote 25.0000% 2.00x —
8 1550000 – ∞ quote 50.0000% 1.00x —

Bybit · SPXPERP With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 2.5000% 20.00x —
2 5000 – 9000 quote 2.6300% 19.00x 6.5
3 9000 – 13000 quote 2.7800% 18.00x 20
4 13000 – 17000 quote 2.9400% 17.00x 40.8
5 17000 – 21000 quote 3.1300% 16.00x 73.1
6 21000 – 25000 quote 3.3300% 15.00x 115.1
7 25000 – 40000 quote 3.5700% 14.00x 175.1
8 40000 – 55000 quote 3.8500% 13.00x 287.1
9 55000 – 70000 quote 4.1700% 12.00x 463.1
10 70000 – 85000 quote 4.5500% 11.00x 729.1
11 85000 – 100000 quote 5.0000% 10.00x 1111.6
12 100000 – 110000 quote 5.2600% 9.50x 1371.6
13 110000 – 120000 quote 5.5600% 9.00x 1701.6
14 120000 – 130000 quote 5.8800% 8.50x 2085.6
15 130000 – 140000 quote 6.2500% 8.00x 2566.6
16 140000 – 150000 quote 6.6700% 7.50x 3154.6
17 150000 – 160000 quote 7.1400% 7.00x 3859.6
18 160000 – 170000 quote 7.6900% 6.50x 4739.6
19 170000 – 180000 quote 8.3300% 6.00x 5827.6
20 180000 – 190000 quote 9.0900% 5.50x 7195.6
21 190000 – 200000 quote 10.0000% 5.00x 8924.6
22 200000 – 350000 quote 11.1100% 4.50x 11144.6
23 350000 – 500000 quote 12.5000% 4.00x 16009.6
24 500000 – 625000 quote 14.2900% 3.50x 24959.6
25 625000 – 750000 quote 16.6700% 3.00x 39834.6
26 750000 – 875000 quote 20.0000% 2.50x 64809.6
27 875000 – 1000000 quote 25.0000% 2.00x 108559.6
28 1000000 – 1300000 quote 33.3300% 1.50x 191859.6
29 1300000 – 1600000 quote 40.0000% 1.25x 278569.6
30 1600000 – ∞ quote 50.0000% 1.00x 438569.6

Bybit · SPXUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 50.00x —
2 5000 – 10000 quote 1.1100% 45.00x 5.5
3 10000 – 20000 quote 1.2500% 40.00x 19.5
4 20000 – 30000 quote 1.4300% 35.00x 55.5
5 30000 – 40000 quote 1.6700% 30.00x 127.5
6 40000 – 50000 quote 2.0000% 25.00x 259.5
7 50000 – 100000 quote 2.5000% 20.00x 509.5
8 100000 – 150000 quote 3.0000% 16.67x 1009.5
9 150000 – 200000 quote 3.5000% 14.29x 1759.5
10 200000 – 225000 quote 4.0000% 12.50x 2759.5
11 225000 – 250000 quote 4.5000% 11.11x 3884.5
12 250000 – 275000 quote 5.0000% 10.00x 5134.5
13 275000 – 300000 quote 5.5000% 9.09x 6509.5
14 300000 – 350000 quote 6.0000% 8.33x 8009.5
15 350000 – 375000 quote 6.5000% 7.69x 9759.5
16 375000 – 850000 quote 7.0000% 7.14x 11634.5
17 850000 – 950000 quote 7.5000% 6.67x 15884.5
18 950000 – 1050000 quote 8.0000% 6.25x 20634.5
19 1050000 – 1150000 quote 8.5000% 5.88x 25884.5
20 1150000 – 1250000 quote 9.0000% 5.56x 31634.5
21 1250000 – 1350000 quote 11.0000% 4.55x 56634.5
22 1350000 – 1450000 quote 13.0000% 3.85x 83634.5
23 1450000 – 1550000 quote 15.0000% 3.33x 112634.5
24 1550000 – 1650000 quote 17.0000% 2.94x 143634.5
25 1650000 – 1750000 quote 19.0000% 2.63x 176634.5
26 1750000 – 1850000 quote 21.0000% 2.38x 211634.5
27 1850000 – 1950000 quote 23.0000% 2.17x 248634.5
28 1950000 – 2050000 quote 25.0000% 2.00x 287634.5
29 2050000 – 2150000 quote 33.0000% 1.50x 451634.5
30 2150000 – ∞ quote 60.0000% 1.00x 1032134.5

Hyperliquid · SPX With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 10.0000% 5.00x —

OKX · SPX-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 25000 base 2.0000% 20.00x —
2 25001 – 50000 base 3.0000% 15.00x —
3 50001 – 75000 base 4.0000% 12.50x —
4 75001 – 100000 base 4.5000% 11.76x —
5 100001 – 125000 base 5.0000% 11.11x —
6 125001 – 150000 base 5.5000% 10.52x —
7 150001 – 175000 base 6.0000% 10.00x —
8 175001 – 200000 base 6.5000% 9.52x —
9 200001 – 225000 base 7.0000% 9.09x —
10 225001 – 250000 base 7.5000% 8.69x —
11 250001 – 275000 base 8.0000% 8.33x —
12 275001 – 300000 base 8.5000% 8.00x —
13 300001 – 325000 base 9.0000% 7.69x —
14 325001 – 350000 base 9.5000% 7.40x —
15 350001 – 375000 base 10.0000% 7.14x —
16 375001 – 400000 base 10.5000% 6.89x —
17 400001 – 425000 base 11.0000% 6.66x —
18 425001 – 450000 base 11.5000% 6.45x —
19 450001 – 475000 base 12.0000% 6.25x —
20 475001 – 500000 base 12.5000% 6.06x —
21 500001 – 525000 base 13.0000% 5.88x —
22 525001 – 550000 base 13.5000% 5.71x —
23 550001 – 575000 base 14.0000% 5.55x —
24 575001 – 600000 base 14.5000% 5.40x —
25 600001 – 625000 base 15.0000% 5.26x —
26 625001 – 650000 base 15.5000% 5.12x —
27 650001 – 675000 base 16.0000% 5.00x —
28 675001 – 700000 base 16.5000% 4.87x —
29 700001 – 725000 base 17.0000% 4.76x —
30 725001 – 750000 base 17.5000% 4.65x —
31 750001 – 775000 base 18.0000% 4.54x —
32 775001 – 800000 base 18.5000% 4.44x —
33 800001 – 825000 base 19.0000% 4.34x —
34 825001 – 850000 base 19.5000% 4.25x —
35 850001 – 875000 base 20.0000% 4.16x —
36 875001 – 900000 base 20.5000% 4.08x —
37 900001 – 925000 base 21.0000% 4.00x —
38 925001 – 950000 base 21.5000% 3.92x —
39 950001 – 975000 base 22.0000% 3.84x —
40 975001 – 1000000 base 22.5000% 3.77x —
41 1000001 – 1025000 base 23.0000% 3.70x —
42 1025001 – 1050000 base 23.5000% 3.63x —
43 1050001 – 1075000 base 24.0000% 3.57x —
44 1075001 – 1100000 base 24.5000% 3.50x —
45 1100001 – 1125000 base 25.0000% 3.44x —
46 1125001 – 1150000 base 25.5000% 3.38x —
47 1150001 – 1175000 base 26.0000% 3.33x —
48 1175001 – 1200000 base 26.5000% 3.27x —
49 1200001 – 1225000 base 27.0000% 3.22x —
50 1225001 – 1250000 base 27.5000% 3.17x —
51 1250001 – 1275000 base 28.0000% 3.12x —
52 1275001 – 1300000 base 28.5000% 3.07x —
53 1300001 – 1325000 base 29.0000% 3.03x —
54 1325001 – 1350000 base 29.5000% 2.98x —
55 1350001 – 1375000 base 30.0000% 2.94x —
56 1375001 – 1400000 base 30.5000% 2.89x —
57 1400001 – 1425000 base 31.0000% 2.85x —
58 1425001 – 1450000 base 31.5000% 2.81x —
59 1450001 – 1475000 base 32.0000% 2.77x —
60 1475001 – 1500000 base 32.5000% 2.73x —
61 1500001 – 1525000 base 33.0000% 2.70x —
62 1525001 – 1550000 base 33.5000% 2.66x —
63 1550001 – 1575000 base 34.0000% 2.63x —
64 1575001 – 1600000 base 34.5000% 2.59x —
65 1600001 – 1625000 base 35.0000% 2.56x —
66 1625001 – 1650000 base 35.5000% 2.53x —
67 1650001 – 1675000 base 36.0000% 2.50x —
68 1675001 – 1700000 base 36.5000% 2.46x —
69 1700001 – 1725000 base 37.0000% 2.43x —
70 1725001 – 1750000 base 37.5000% 2.40x —
71 1750001 – 1775000 base 38.0000% 2.38x —
72 1775001 – 1800000 base 38.5000% 2.35x —
73 1800001 – 1825000 base 39.0000% 2.32x —
74 1825001 – 1850000 base 39.5000% 2.29x —
75 1850001 – 1875000 base 40.0000% 2.27x —
76 1875001 – 1900000 base 40.5000% 2.24x —
77 1900001 – 1925000 base 41.0000% 2.22x —
78 1925001 – 1950000 base 41.5000% 2.19x —
79 1950001 – 1975000 base 42.0000% 2.17x —
80 1975001 – 2000000 base 42.5000% 2.15x —
81 2000001 – 2025000 base 43.0000% 2.12x —
82 2025001 – 2050000 base 43.5000% 2.10x —
83 2050001 – 2075000 base 44.0000% 2.08x —
84 2075001 – 2100000 base 44.5000% 2.06x —
85 2100001 – 2125000 base 45.0000% 2.04x —
86 2125001 – 2150000 base 45.5000% 2.02x —
87 2150001 – 2175000 base 46.0000% 2.00x —

Lighter · SPX No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 12.0000% 5.00x —

Gate · SPX_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 10000 quote 1.0000% 50.00x —
2 10000 – 20000 quote 1.5000% 40.00x 50
3 20000 – 30000 quote 2.5000% 25.00x 250
4 30000 – 50000 quote 6.5000% 12.00x 1450
5 50000 – 70000 quote 8.0000% 10.00x 2200
6 70000 – 100000 quote 12.0000% 6.00x 5000
7 100000 – 150000 quote 16.0000% 5.00x 9000
8 150000 – 200000 quote 20.0000% 4.00x 15000
9 200000 – 250000 quote 25.0000% 3.00x 25000
10 250000 – 300000 quote 35.0000% 2.50x 50000
11 300000 – 500000 quote 45.0000% 2.00x 80000
12 500000 – 700000 quote 75.0000% 1.25x 230000
13 700000 – ∞ quote 90.0000% 1.05x 335000