English
中文 English

SPY perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-01 00:47 UTC

SPY is quoted on 6 contracts. The highest funding rate is on Lighter at +15.77% annualised, quoted per 8h, and the lowest is on Gate at 0.00% — a gap of 15.77 points. Every contract here quotes its rate per 8h.

Highest rate now
+15.77%
Lighter · 8h
Lowest rate now
0.00%
Gate · 8h
Spread
15.77
points
Highest 30d realised APR
+0.80%
Bitget

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
LighterOn-chainSPY +0.0144%8h +15.77% —
no history yet
 50x 8.3M
Liquidation → Trade →
OKXCentralisedSPY-USDT-SWAP +0.0061%8h +6.70% —
no history yet
 50x 3.3M
Liquidation → Trade →
AsterOn-chainSPYUSDT +0.0022%8h +2.43% —
no history yet
 20x 47.6K
Liquidation → Trade →
BitgetCentralisedSPYUSDT 0.0000%8h 0.00% +0.80%
Annualised · +0.80% · range 0.0% … +18.9% · 24 settlements
50x 2.7M
Liquidation → Trade →
BybitCentralisedSPYUSDT 0.0000%8h 0.00% —
no history yet
 100x 2.1M
Liquidation → Trade →
GateCentralisedSPY_USDT 0.0000%8h 0.00% —
no history yet
 75x 4.6M
Liquidation → Trade →

Common questions

Which exchanges list SPY perpetual futures?

SPY trades as 6 perpetual contracts across 6 venues: Aster, Bitget, Bybit, Gate, Lighter and OKX. The busiest is Lighter, with $8.3M of 24h turnover — 39% of the total.

Where is SPY funding cheapest right now?

For a long, the most favourable collected rate is 0.00% annualised on Gate; for a short, it is +15.77% on Lighter — a gap of 15.77 points.

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

At current rates a 10,000 USDT long pays about +4.32 USDT a day on Lighter and 0.00 USDT on Gate.

How often does SPY funding settle?

It depends on the venue: Lighter every 1h; Aster, Bitget, Bybit, Gate and OKX every 8h.

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

The highest realised figure was on Bitget: +0.80% annualised across 24 settlements, 0% of them negative. 1 of the 6 contracts have at least a week of settled history to measure.

What is the highest leverage available on SPY?

The highest collected cap is 100x, on Bybit. On Bybit it applies up to 10K USDT of notional; above that the cap drops to 50x.

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. These contracts quote in USD 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

Lighter · SPY No deduction

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

OKX · SPY-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 132.5 base 1.0000% 50.00x —
2 132.51 – 265 base 1.5000% 40.00x —
3 265.01 – 530 base 3.0000% 20.00x —
4 530.01 – 1060 base 3.5000% 18.18x —
5 1060.01 – 1590 base 4.0000% 16.66x —
6 1590.01 – 2120 base 4.5000% 15.38x —
7 2120.01 – 2650 base 5.0000% 14.28x —
8 2650.01 – 3180 base 5.5000% 13.33x —
9 3180.01 – 3710 base 6.0000% 12.50x —
10 3710.01 – 4240 base 6.5000% 11.76x —
11 4240.01 – 4770 base 7.0000% 11.11x —
12 4770.01 – 5300 base 7.5000% 10.52x —
13 5300.01 – 5830 base 8.0000% 10.00x —
14 5830.01 – 6360 base 8.5000% 9.52x —
15 6360.01 – 6890 base 9.0000% 9.09x —
16 6890.01 – 7420 base 9.5000% 8.69x —
17 7420.01 – 7950 base 10.0000% 8.33x —
18 7950.01 – 8480 base 10.5000% 8.00x —
19 8480.01 – 9010 base 11.0000% 7.69x —
20 9010.01 – 9540 base 11.5000% 7.40x —
21 9540.01 – 10070 base 12.0000% 7.14x —
22 10070.01 – 10600 base 12.5000% 6.89x —
23 10600.01 – 11130 base 13.0000% 6.66x —
24 11130.01 – 11660 base 13.5000% 6.45x —
25 11660.01 – 12190 base 14.0000% 6.25x —
26 12190.01 – 12720 base 14.5000% 6.06x —
27 12720.01 – 13250 base 15.0000% 5.88x —
28 13250.01 – 13780 base 15.5000% 5.71x —
29 13780.01 – 14310 base 16.0000% 5.55x —
30 14310.01 – 14840 base 16.5000% 5.40x —
31 14840.01 – 15370 base 17.0000% 5.26x —
32 15370.01 – 15900 base 17.5000% 5.12x —
33 15900.01 – 16430 base 18.0000% 5.00x —
34 16430.01 – 16960 base 18.5000% 4.87x —
35 16960.01 – 17490 base 19.0000% 4.76x —
36 17490.01 – 18020 base 19.5000% 4.65x —
37 18020.01 – 18550 base 20.0000% 4.54x —
38 18550.01 – 19080 base 20.5000% 4.44x —
39 19080.01 – 19610 base 21.0000% 4.34x —
40 19610.01 – 20140 base 21.5000% 4.25x —
41 20140.01 – 20670 base 22.0000% 4.16x —
42 20670.01 – 21200 base 22.5000% 4.08x —
43 21200.01 – 21730 base 23.0000% 4.00x —
44 21730.01 – 22260 base 23.5000% 3.92x —
45 22260.01 – 22790 base 24.0000% 3.84x —
46 22790.01 – 23320 base 24.5000% 3.77x —
47 23320.01 – 23850 base 25.0000% 3.70x —
48 23850.01 – 24380 base 25.5000% 3.63x —
49 24380.01 – 24910 base 26.0000% 3.57x —
50 24910.01 – 25440 base 26.5000% 3.50x —
51 25440.01 – 25970 base 27.0000% 3.44x —
52 25970.01 – 26500 base 27.5000% 3.38x —
53 26500.01 – 27030 base 28.0000% 3.33x —
54 27030.01 – 27560 base 28.5000% 3.27x —
55 27560.01 – 28090 base 29.0000% 3.22x —
56 28090.01 – 28620 base 29.5000% 3.17x —
57 28620.01 – 29150 base 30.0000% 3.12x —
58 29150.01 – 29680 base 30.5000% 3.07x —
59 29680.01 – 30210 base 31.0000% 3.03x —
60 30210.01 – 30740 base 31.5000% 2.98x —
61 30740.01 – 31270 base 32.0000% 2.94x —
62 31270.01 – 31800 base 32.5000% 2.89x —
63 31800.01 – 32330 base 33.0000% 2.85x —
64 32330.01 – 32860 base 33.5000% 2.81x —
65 32860.01 – 33390 base 34.0000% 2.77x —
66 33390.01 – 33920 base 34.5000% 2.73x —
67 33920.01 – 34450 base 35.0000% 2.70x —
68 34450.01 – 34980 base 35.5000% 2.66x —
69 34980.01 – 35510 base 36.0000% 2.63x —
70 35510.01 – 36040 base 36.5000% 2.59x —
71 36040.01 – 36570 base 37.0000% 2.56x —
72 36570.01 – 37100 base 37.5000% 2.53x —
73 37100.01 – 37630 base 38.0000% 2.50x —
74 37630.01 – 38160 base 38.5000% 2.46x —
75 38160.01 – 38690 base 39.0000% 2.43x —
76 38690.01 – 39220 base 39.5000% 2.40x —
77 39220.01 – 39750 base 40.0000% 2.38x —
78 39750.01 – 40280 base 40.5000% 2.35x —
79 40280.01 – 40810 base 41.0000% 2.32x —
80 40810.01 – 41340 base 41.5000% 2.29x —
81 41340.01 – 41870 base 42.0000% 2.27x —
82 41870.01 – 42400 base 42.5000% 2.24x —
83 42400.01 – 42930 base 43.0000% 2.22x —
84 42930.01 – 43460 base 43.5000% 2.19x —
85 43460.01 – 43990 base 44.0000% 2.17x —
86 43990.01 – 44520 base 44.5000% 2.15x —
87 44520.01 – 45050 base 45.0000% 2.12x —
88 45050.01 – 45580 base 45.5000% 2.10x —
89 45580.01 – 46110 base 46.0000% 2.08x —
90 46110.01 – 46640 base 46.5000% 2.06x —
91 46640.01 – 47170 base 47.0000% 2.04x —
92 47170.01 – 47700 base 47.5000% 2.02x —
93 47700.01 – 48230 base 48.0000% 2.00x —

Aster · SPYUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 1000000 quote 2.5000% 20.00x —
2 1000000 – 2000000 quote 5.0000% 10.00x 25000
3 2000000 – 5000000 quote 10.0000% 5.00x 125000
4 5000000 – 10000000 quote 12.5000% 4.00x 250000
5 10000000 – 20000000 quote 16.6700% 3.00x 667000
6 20000000 – 40000000 quote 25.0000% 2.00x 2333000
7 40000000 – 1000000000 quote 50.0000% 1.00x 12333000

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 —

Bybit · SPYUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 10000 quote 0.7000% 100.00x —
2 10000 – 50000 quote 1.0000% 50.00x 30
3 50000 – 100000 quote 1.2500% 40.00x 155
4 100000 – 150000 quote 1.6700% 30.00x 575
5 150000 – 200000 quote 2.0000% 25.00x 1070
6 200000 – 300000 quote 2.0800% 24.00x 1230
7 300000 – 400000 quote 2.1700% 23.00x 1500
8 400000 – 500000 quote 2.2700% 22.00x 1900
9 500000 – 600000 quote 2.3800% 21.00x 2450
10 600000 – 800000 quote 2.5000% 20.00x 3170
11 800000 – 1000000 quote 2.6300% 19.00x 4210
12 1000000 – 1500000 quote 2.7800% 18.00x 5710
13 1500000 – 2000000 quote 2.9400% 17.00x 8110
14 2000000 – 2500000 quote 3.1300% 16.00x 11910
15 2500000 – 3000000 quote 3.3300% 15.00x 16910
16 3000000 – 3500000 quote 3.5700% 14.00x 24110
17 3500000 – 4000000 quote 3.8500% 13.00x 33910
18 4000000 – 4500000 quote 4.1700% 12.00x 46710
19 4500000 – 5000000 quote 4.5500% 11.00x 63810
20 5000000 – 6000000 quote 5.0000% 10.00x 86310
21 6000000 – 7000000 quote 5.5600% 9.00x 119910
22 7000000 – 8000000 quote 6.2500% 8.00x 168210
23 8000000 – 9000000 quote 7.1400% 7.00x 239410
24 9000000 – 10000000 quote 8.3300% 6.00x 346510
25 10000000 – 11000000 quote 10.0000% 5.00x 513510
26 11000000 – 20000000 quote 12.5000% 4.00x 788510
27 20000000 – 30000000 quote 16.6700% 3.00x 1622510
28 30000000 – 40000000 quote 20.0000% 2.50x 2621510
29 40000000 – 70000000 quote 25.0000% 2.00x 4621510
30 70000000 – ∞ quote 50.0000% 1.00x 22121510

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