Lighter SPY perpetual
SPY
As of 2026-09-09 12:46 UTC, SPY on Lighter has a collected rate of +0.0032% over 8h, or +3.50% simple annualised; its collected settlement interval is 1h, with up to 50x leverage. Bybit has a lower rate for longs at 0.00%.
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 1.2000% | 50.00x | — |
Contract specification
Quote currency: USD · Settlement currency: USDC · Settlement interval: 1h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Bybit | SPYUSDT | 8h | 0.00% |
| Lighter this page | SPY | 8h | +3.50% |
| Gate | SPY_USDT | 8h | +4.49% |
| Bitget | SPYUSDT | 8h | +9.42% |
| OKX | SPY-USDT-SWAP | 8h | +15.11% |
| Aster | SPYUSDT | 8h | +17.64% |
Common questions
What is the Lighter SPY funding rate?
The latest collected Lighter SPY funding rate is +0.0032% over a 8h rate period, or +3.50% simple annualised. That period is used for conversion and may differ from the settlement interval. Positive means longs pay shorts; negative reverses this.
How often is funding charged on Lighter SPY?
The collected settlement interval is 1h, normally 24 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on Lighter SPY?
The collected leverage cap for Lighter SPY is 50x, with 1 margin tiers shown. Actual leverage also depends on position size, account settings and venue rules.
What is the maintenance margin rate on Lighter SPY?
The first tier requires 1.2000%, and there are 1 tiers in all — a larger position requires more. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest SPY funding cost for longs?
For a long position, Bybit currently has the lowest rate at 0.00% annualised; this page's Lighter is at +3.50%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
Observation time and verification
This contract’s funding was observed at 2026-09-09 12:46 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Lighter official data source · Funding methodology