OKX SPY perpetual
SPY-USDT-SWAP
As of 2026-11-10 22:43 UTC, SPY-USDT-SWAP on OKX has a collected rate of +0.0027% over 8h, or +2.93% simple annualised; its collected settlement interval is 8h, with up to 50x leverage. Bybit has a lower rate for longs at 0.00%.
Settled rates over the past 30 days
Settled funding for SPY-USDT-SWAP
The latest 30-day window contains 90 settlements covering 720 known-period hours, with a cumulative rate of +0.2344%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-11-10 16:00 | 0.0000% | 8h |
| 2026-11-10 08:00 | 0.0000% | 8h |
| 2026-11-10 00:00 | 0.0000% | 8h |
| 2026-11-09 16:00 | +0.0125% | 8h |
| 2026-11-09 08:00 | +0.0040% | 8h |
| 2026-11-09 00:00 | 0.0000% | 8h |
| 2026-11-08 16:00 | 0.0000% | 8h |
| 2026-11-08 08:00 | 0.0000% | 8h |
| 2026-11-08 00:00 | 0.0000% | 8h |
| 2026-11-07 16:00 | 0.0000% | 8h |
| 2026-11-07 08:00 | 0.0000% | 8h |
| 2026-11-07 00:00 | +0.0016% | 8h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For SPY-USDT-SWAP, 10,000 USDT of notional × 0.002679% gives 0.2679 USDT over the quoted 8h rate period: longs pay and shorts receive. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for SPY-USDT-SWAP?
This table selects tiers by base-asset quantity in SPY, not by the amount of margin deposited. The first tier starts at 0 and ends at 202.5 SPY. Above that, tier 2 requires 1.0000% maintenance margin.
Contract units and calculator input
One SPY-USDT-SWAP contract represents 1 SPY. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
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 – 202.5 base | 0.6500% | 50.00x | — |
| 2 | 202.51 – 405 base | 1.0000% | 40.00x | — |
| 3 | 405.01 – 810 base | 1.5000% | 20.00x | — |
| 4 | 810.01 – 1620 base | 2.0000% | 18.18x | — |
| 5 | 1620.01 – 2430 base | 2.5000% | 16.66x | — |
| 6 | 2430.01 – 3240 base | 3.0000% | 15.38x | — |
| 7 | 3240.01 – 4050 base | 3.5000% | 14.28x | — |
| 8 | 4050.01 – 4860 base | 4.0000% | 13.33x | — |
| 9 | 4860.01 – 5670 base | 4.5000% | 12.50x | — |
| 10 | 5670.01 – 6480 base | 5.0000% | 11.76x | — |
| 11 | 6480.01 – 7290 base | 5.5000% | 11.11x | — |
| 12 | 7290.01 – 8100 base | 6.0000% | 10.52x | — |
| 13 | 8100.01 – 8910 base | 6.5000% | 10.00x | — |
| 14 | 8910.01 – 9720 base | 7.0000% | 9.52x | — |
| 15 | 9720.01 – 10530 base | 7.5000% | 9.09x | — |
| 16 | 10530.01 – 11340 base | 8.0000% | 8.69x | — |
| 17 | 11340.01 – 12150 base | 8.5000% | 8.33x | — |
| 18 | 12150.01 – 12960 base | 9.0000% | 8.00x | — |
| 19 | 12960.01 – 13770 base | 9.5000% | 7.69x | — |
| 20 | 13770.01 – 14580 base | 10.0000% | 7.40x | — |
| 21 | 14580.01 – 15390 base | 10.5000% | 7.14x | — |
| 22 | 15390.01 – 16200 base | 11.0000% | 6.89x | — |
| 23 | 16200.01 – 17010 base | 11.5000% | 6.66x | — |
| 24 | 17010.01 – 17820 base | 12.0000% | 6.45x | — |
| 25 | 17820.01 – 18630 base | 12.5000% | 6.25x | — |
| 26 | 18630.01 – 19440 base | 13.0000% | 6.06x | — |
| 27 | 19440.01 – 20250 base | 13.5000% | 5.88x | — |
| 28 | 20250.01 – 21060 base | 14.0000% | 5.71x | — |
| 29 | 21060.01 – 21870 base | 14.5000% | 5.55x | — |
| 30 | 21870.01 – 22680 base | 15.0000% | 5.40x | — |
| 31 | 22680.01 – 23490 base | 15.5000% | 5.26x | — |
| 32 | 23490.01 – 24300 base | 16.0000% | 5.12x | — |
| 33 | 24300.01 – 25110 base | 16.5000% | 5.00x | — |
| 34 | 25110.01 – 25920 base | 17.0000% | 4.87x | — |
| 35 | 25920.01 – 26730 base | 17.5000% | 4.76x | — |
| 36 | 26730.01 – 27540 base | 18.0000% | 4.65x | — |
| 37 | 27540.01 – 28350 base | 18.5000% | 4.54x | — |
| 38 | 28350.01 – 29160 base | 19.0000% | 4.44x | — |
| 39 | 29160.01 – 29970 base | 19.5000% | 4.34x | — |
| 40 | 29970.01 – 30780 base | 20.0000% | 4.25x | — |
| 41 | 30780.01 – 31590 base | 20.5000% | 4.16x | — |
| 42 | 31590.01 – 32400 base | 21.0000% | 4.08x | — |
| 43 | 32400.01 – 33210 base | 21.5000% | 4.00x | — |
| 44 | 33210.01 – 34020 base | 22.0000% | 3.92x | — |
| 45 | 34020.01 – 34830 base | 22.5000% | 3.84x | — |
| 46 | 34830.01 – 35640 base | 23.0000% | 3.77x | — |
| 47 | 35640.01 – 36450 base | 23.5000% | 3.70x | — |
| 48 | 36450.01 – 37260 base | 24.0000% | 3.63x | — |
| 49 | 37260.01 – 38070 base | 24.5000% | 3.57x | — |
| 50 | 38070.01 – 38880 base | 25.0000% | 3.50x | — |
| 51 | 38880.01 – 39690 base | 25.5000% | 3.44x | — |
| 52 | 39690.01 – 40500 base | 26.0000% | 3.38x | — |
| 53 | 40500.01 – 41310 base | 26.5000% | 3.33x | — |
| 54 | 41310.01 – 42120 base | 27.0000% | 3.27x | — |
| 55 | 42120.01 – 42930 base | 27.5000% | 3.22x | — |
| 56 | 42930.01 – 43740 base | 28.0000% | 3.17x | — |
| 57 | 43740.01 – 44550 base | 28.5000% | 3.12x | — |
| 58 | 44550.01 – 45360 base | 29.0000% | 3.07x | — |
| 59 | 45360.01 – 46170 base | 29.5000% | 3.03x | — |
| 60 | 46170.01 – 46980 base | 30.0000% | 2.98x | — |
| 61 | 46980.01 – 47790 base | 30.5000% | 2.94x | — |
| 62 | 47790.01 – 48600 base | 31.0000% | 2.89x | — |
| 63 | 48600.01 – 49410 base | 31.5000% | 2.85x | — |
| 64 | 49410.01 – 50220 base | 32.0000% | 2.81x | — |
| 65 | 50220.01 – 51030 base | 32.5000% | 2.77x | — |
| 66 | 51030.01 – 51840 base | 33.0000% | 2.73x | — |
| 67 | 51840.01 – 52650 base | 33.5000% | 2.70x | — |
| 68 | 52650.01 – 53460 base | 34.0000% | 2.66x | — |
| 69 | 53460.01 – 54270 base | 34.5000% | 2.63x | — |
| 70 | 54270.01 – 55080 base | 35.0000% | 2.59x | — |
| 71 | 55080.01 – 55890 base | 35.5000% | 2.56x | — |
| 72 | 55890.01 – 56700 base | 36.0000% | 2.53x | — |
| 73 | 56700.01 – 57510 base | 36.5000% | 2.50x | — |
| 74 | 57510.01 – 58320 base | 37.0000% | 2.46x | — |
| 75 | 58320.01 – 59130 base | 37.5000% | 2.43x | — |
| 76 | 59130.01 – 59940 base | 38.0000% | 2.40x | — |
| 77 | 59940.01 – 60750 base | 38.5000% | 2.38x | — |
| 78 | 60750.01 – 61560 base | 39.0000% | 2.35x | — |
| 79 | 61560.01 – 62370 base | 39.5000% | 2.32x | — |
| 80 | 62370.01 – 63180 base | 40.0000% | 2.29x | — |
| 81 | 63180.01 – 63990 base | 40.5000% | 2.27x | — |
| 82 | 63990.01 – 64800 base | 41.0000% | 2.24x | — |
| 83 | 64800.01 – 65610 base | 41.5000% | 2.22x | — |
| 84 | 65610.01 – 66420 base | 42.0000% | 2.19x | — |
| 85 | 66420.01 – 67230 base | 42.5000% | 2.17x | — |
| 86 | 67230.01 – 68040 base | 43.0000% | 2.15x | — |
| 87 | 68040.01 – 68850 base | 43.5000% | 2.12x | — |
| 88 | 68850.01 – 69660 base | 44.0000% | 2.10x | — |
| 89 | 69660.01 – 70470 base | 44.5000% | 2.08x | — |
| 90 | 70470.01 – 71280 base | 45.0000% | 2.06x | — |
| 91 | 71280.01 – 72090 base | 45.5000% | 2.04x | — |
| 92 | 72090.01 – 72900 base | 46.0000% | 2.02x | — |
| 93 | 72900.01 – 73710 base | 46.5000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 8h (00:00 · 08:00 · 16:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Bybit | SPYUSDT | 8h | 0.00% |
| OKX this page | SPY-USDT-SWAP | 8h | +2.93% |
| Lighter | SPY | 8h | +3.50% |
| Gate | SPY_USDT | 8h | +3.83% |
| Bitget | SPYUSDT | 8h | +9.20% |
| Aster | SPYUSDT | 8h | +28.55% |
Common questions
What is the OKX SPY funding rate?
The latest collected OKX SPY funding rate is +0.0027% per 8h rate period, or +2.93% simple annualised. At this rate longs pay shorts.
How often is funding charged on OKX SPY?
The collected settlement interval is 8h, normally 3 times a day. Settlements fall at 00:00, 08:00 and 16:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX SPY?
The collected leverage cap for OKX SPY is 50x, with 93 margin tiers shown. The first margin tier, up to 202.5 SPY, allows 50x; the second allows 40x.
What is the maintenance margin rate on OKX SPY?
The first tier requires 0.6500%, with 93 available tiers. The applicable requirement depends on the position’s tier. 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 OKX is at +2.93%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX SPY funding paid over the past 30 days?
Settlements over the past 30 days annualise to +2.85% across 90 settlements, 0% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-11-10 22:43 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
90 settlements are available, covering 720 known-period hours, from 2026-10-12 00:00 to 2026-11-10 16:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.