SPY perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-09-09 13:54 UTC

SPY is quoted on 6 contracts. The highest funding rate is on Aster at +19.67% annualised over a 8h rate period, and the lowest is on Bybit at 0.00% — a gap of 19.67 points. Rate periods differ by venue, so rates are normalised to simple annualised values. Payment direction depends on whether the position is long or short.

Highest rate now

+19.67%

Aster · 8h

Lowest rate now

0.00%

Bybit · 8h

Spread

19.67

points

Highest 30d realised APR

+0.56%

Bitget

By venue

Venue	Rate	Annualised	30d realised APR	Max leverage	24h turnover	Actions
AsterOn-chainSPYUSDT	+0.0180%8h	+19.67%	— no history yet	—	182.2K	Trade →
BitgetCentralisedSPYUSDT	+0.0163%8h	+17.85%	+0.56%	50x	5.2M	Liquidation → Trade →
OKXCentralisedSPY-USDT-SWAP	+0.0129%8h	+14.17%	— no history yet	50x	1.0M	Liquidation → Trade →
LighterOn-chainSPY	+0.0032%8h	+3.50%	— no history yet	50x	4.1M	Liquidation → Trade →
GateCentralisedSPY_USDT	+0.0003%8h	+0.33%	— no history yet	75x	1.2M	Liquidation → Trade →
BybitCentralisedSPYUSDT	0.0000%8h	0.00%	— no history yet	50x	1.0M	Liquidation → Trade →

SPY comparison scope and payment direction

This page retains low-turnover SPY 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. Contracts can use different quote currencies, settlement currencies and multipliers; check their specifications 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.

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Margin ladders

Bitget · SPYUSDT No deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 10000 quote	1.0000%	50.00x	—
2	10000 – 100000 quote	2.0000%	25.00x	—
3	100000 – 500000 quote	2.5000%	20.00x	—
4	500000 – 2000000 quote	5.0000%	10.00x	—
5	2000000 – 5000000 quote	10.0000%	5.00x	—
6	5000000 – 10000000 quote	12.5000%	4.00x	—
7	10000000 – 20000000 quote	30.0000%	2.00x	—
8	20000000 – ∞ quote	60.0000%	1.00x	—

OKX · SPY-USDT-SWAP No deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 42 base	1.0000%	50.00x	—
2	42.01 – 85 base	1.5000%	40.00x	—
3	85.01 – 170 base	3.0000%	20.00x	—
4	170.01 – 340 base	3.5000%	18.18x	—
5	340.01 – 510 base	4.0000%	16.66x	—
6	510.01 – 680 base	4.5000%	15.38x	—
7	680.01 – 850 base	5.0000%	14.28x	—
8	850.01 – 1020 base	5.5000%	13.33x	—
9	1020.01 – 1190 base	6.0000%	12.50x	—
10	1190.01 – 1360 base	6.5000%	11.76x	—
11	1360.01 – 1530 base	7.0000%	11.11x	—
12	1530.01 – 1700 base	7.5000%	10.52x	—
13	1700.01 – 1870 base	8.0000%	10.00x	—
14	1870.01 – 2040 base	8.5000%	9.52x	—
15	2040.01 – 2210 base	9.0000%	9.09x	—
16	2210.01 – 2380 base	9.5000%	8.69x	—
17	2380.01 – 2550 base	10.0000%	8.33x	—
18	2550.01 – 2720 base	10.5000%	8.00x	—
19	2720.01 – 2890 base	11.0000%	7.69x	—
20	2890.01 – 3060 base	11.5000%	7.40x	—
21	3060.01 – 3230 base	12.0000%	7.14x	—
22	3230.01 – 3400 base	12.5000%	6.89x	—
23	3400.01 – 3570 base	13.0000%	6.66x	—
24	3570.01 – 3740 base	13.5000%	6.45x	—
25	3740.01 – 3910 base	14.0000%	6.25x	—
26	3910.01 – 4080 base	14.5000%	6.06x	—
27	4080.01 – 4250 base	15.0000%	5.88x	—
28	4250.01 – 4420 base	15.5000%	5.71x	—
29	4420.01 – 4590 base	16.0000%	5.55x	—
30	4590.01 – 4760 base	16.5000%	5.40x	—
31	4760.01 – 4930 base	17.0000%	5.26x	—
32	4930.01 – 5100 base	17.5000%	5.12x	—
33	5100.01 – 5270 base	18.0000%	5.00x	—
34	5270.01 – 5440 base	18.5000%	4.87x	—
35	5440.01 – 5610 base	19.0000%	4.76x	—
36	5610.01 – 5780 base	19.5000%	4.65x	—
37	5780.01 – 5950 base	20.0000%	4.54x	—
38	5950.01 – 6120 base	20.5000%	4.44x	—
39	6120.01 – 6290 base	21.0000%	4.34x	—
40	6290.01 – 6460 base	21.5000%	4.25x	—
41	6460.01 – 6630 base	22.0000%	4.16x	—
42	6630.01 – 6800 base	22.5000%	4.08x	—
43	6800.01 – 6970 base	23.0000%	4.00x	—
44	6970.01 – 7140 base	23.5000%	3.92x	—
45	7140.01 – 7310 base	24.0000%	3.84x	—
46	7310.01 – 7480 base	24.5000%	3.77x	—
47	7480.01 – 7650 base	25.0000%	3.70x	—
48	7650.01 – 7820 base	25.5000%	3.63x	—
49	7820.01 – 7990 base	26.0000%	3.57x	—
50	7990.01 – 8160 base	26.5000%	3.50x	—
51	8160.01 – 8330 base	27.0000%	3.44x	—
52	8330.01 – 8500 base	27.5000%	3.38x	—
53	8500.01 – 8670 base	28.0000%	3.33x	—
54	8670.01 – 8840 base	28.5000%	3.27x	—
55	8840.01 – 9010 base	29.0000%	3.22x	—
56	9010.01 – 9180 base	29.5000%	3.17x	—
57	9180.01 – 9350 base	30.0000%	3.12x	—
58	9350.01 – 9520 base	30.5000%	3.07x	—
59	9520.01 – 9690 base	31.0000%	3.03x	—
60	9690.01 – 9860 base	31.5000%	2.98x	—
61	9860.01 – 10030 base	32.0000%	2.94x	—
62	10030.01 – 10200 base	32.5000%	2.89x	—
63	10200.01 – 10370 base	33.0000%	2.85x	—
64	10370.01 – 10540 base	33.5000%	2.81x	—
65	10540.01 – 10710 base	34.0000%	2.77x	—
66	10710.01 – 10880 base	34.5000%	2.73x	—
67	10880.01 – 11050 base	35.0000%	2.70x	—
68	11050.01 – 11220 base	35.5000%	2.66x	—
69	11220.01 – 11390 base	36.0000%	2.63x	—
70	11390.01 – 11560 base	36.5000%	2.59x	—
71	11560.01 – 11730 base	37.0000%	2.56x	—
72	11730.01 – 11900 base	37.5000%	2.53x	—
73	11900.01 – 12070 base	38.0000%	2.50x	—
74	12070.01 – 12240 base	38.5000%	2.46x	—
75	12240.01 – 12410 base	39.0000%	2.43x	—
76	12410.01 – 12580 base	39.5000%	2.40x	—
77	12580.01 – 12750 base	40.0000%	2.38x	—
78	12750.01 – 12920 base	40.5000%	2.35x	—
79	12920.01 – 13090 base	41.0000%	2.32x	—
80	13090.01 – 13260 base	41.5000%	2.29x	—
81	13260.01 – 13430 base	42.0000%	2.27x	—
82	13430.01 – 13600 base	42.5000%	2.24x	—
83	13600.01 – 13770 base	43.0000%	2.22x	—
84	13770.01 – 13940 base	43.5000%	2.19x	—
85	13940.01 – 14110 base	44.0000%	2.17x	—
86	14110.01 – 14280 base	44.5000%	2.15x	—
87	14280.01 – 14450 base	45.0000%	2.12x	—
88	14450.01 – 14620 base	45.5000%	2.10x	—
89	14620.01 – 14790 base	46.0000%	2.08x	—
90	14790.01 – 14960 base	46.5000%	2.06x	—
91	14960.01 – 15130 base	47.0000%	2.04x	—
92	15130.01 – 15300 base	47.5000%	2.02x	—
93	15300.01 – 15470 base	48.0000%	2.00x	—

Lighter · SPY No deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – ∞ quote	1.2000%	50.00x	—

Gate · SPY_USDT With deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 10000 quote	0.8333%	75.00x	—
2	10000 – 20000 quote	1.0000%	60.00x	16.67
3	20000 – 30000 quote	1.2000%	50.00x	56.67
4	30000 – 50000 quote	1.5000%	40.00x	146.67
5	50000 – 70000 quote	1.8000%	35.00x	296.67
6	70000 – 100000 quote	2.0000%	30.00x	436.67
7	100000 – 200000 quote	2.5000%	25.00x	936.67
8	200000 – 300000 quote	3.5000%	20.00x	2936.67
9	300000 – 500000 quote	4.0000%	16.00x	4436.67
10	500000 – 700000 quote	5.0000%	12.00x	9436.67
11	700000 – 1000000 quote	6.0000%	10.00x	16436.67
12	1000000 – 1500000 quote	8.0000%	8.00x	36436.67
13	1500000 – 2000000 quote	10.0000%	5.00x	66436.67
14	2000000 – 3000000 quote	15.0000%	4.00x	166436.67
15	3000000 – 5000000 quote	20.0000%	3.00x	316436.67
16	5000000 – 7000000 quote	30.0000%	2.00x	816436.67
17	7000000 – 10000000 quote	40.0000%	1.80x	1516436.67
18	10000000 – 15000000 quote	50.0000%	1.50x	2516436.67
19	15000000 – 20000000 quote	60.0000%	1.20x	4016436.67
20	20000000 – ∞ quote	80.0000%	1.05x	8016436.67

Bybit · SPYUSDT With deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 30000 quote	1.0000%	50.00x	—
2	30000 – 40000 quote	1.2500%	40.00x	75
3	40000 – 60000 quote	1.6700%	30.00x	243
4	60000 – 75000 quote	2.0000%	25.00x	441
5	75000 – 90000 quote	2.0800%	24.00x	501
6	90000 – 105000 quote	2.1700%	23.00x	582
7	105000 – 120000 quote	2.2700%	22.00x	687
8	120000 – 150000 quote	2.3800%	21.00x	819
9	150000 – 200000 quote	2.5000%	20.00x	999
10	200000 – 270000 quote	2.6300%	19.00x	1259
11	270000 – 390000 quote	2.7800%	18.00x	1664
12	390000 – 510000 quote	2.9400%	17.00x	2288
13	510000 – 630000 quote	3.1300%	16.00x	3257
14	630000 – 750000 quote	3.3300%	15.00x	4517
15	750000 – 900000 quote	3.5700%	14.00x	6317
16	900000 – 1237500 quote	3.8500%	13.00x	8837
17	1237500 – 1575000 quote	4.1700%	12.00x	12797
18	1575000 – 1912500 quote	4.5500%	11.00x	18782
19	1912500 – 3000000 quote	5.0000%	10.00x	27388.25
20	3000000 – 3600000 quote	5.5600%	9.00x	44188.25
21	3600000 – 4200000 quote	6.2500%	8.00x	69028.25
22	4200000 – 4800000 quote	7.1400%	7.00x	106408.25
23	4800000 – 5400000 quote	8.3300%	6.00x	163528.25
24	5400000 – 10000000 quote	10.0000%	5.00x	253708.25
25	10000000 – 20000000 quote	12.5000%	4.00x	503708.25
26	20000000 – 30000000 quote	16.6700%	3.00x	1337708.25
27	30000000 – 40000000 quote	20.0000%	2.50x	2336708.25
28	40000000 – 50000000 quote	25.0000%	2.00x	4336708.25
29	50000000 – 70000000 quote	33.3300%	1.50x	8501708.25
30	70000000 – ∞ quote	50.0000%	1.00x	20170708.25

SPSPY perpetuals