OKX SPY perpetual
SPY-USDT-SWAP
As of 2026-10-01 00:47 UTC, SPY-USDT-SWAP on OKX has a collected rate of +0.0061% over 8h, or +6.70% simple annualised; its collected settlement interval is 8h, with up to 50x leverage. Bitget has a lower rate for longs at 0.00%.
What does this rate mean for a 10,000 USDT position?
For SPY-USDT-SWAP, 10,000 USDT of notional × 0.006118% gives 0.6118 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 132.5 SPY. Above that, tier 2 requires 1.5000% 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.
Settled history is not currently available for this contract. The latest funding snapshot cannot establish the actual funding cost over the past 30 days.
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 – 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 | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 8h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Bitget | SPYUSDT | 8h | 0.00% |
| Bybit | SPYUSDT | 8h | 0.00% |
| Gate | SPY_USDT | 8h | 0.00% |
| Aster | SPYUSDT | 8h | +2.43% |
| OKX this page | SPY-USDT-SWAP | 8h | +6.70% |
| Lighter | SPY | 8h | +15.77% |
Common questions
What is the OKX SPY funding rate?
The latest collected OKX SPY funding rate is +0.0061% per 8h rate period, or +6.70% 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. Venues can change it; confirm the next settlement time on the 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 132.5 SPY, allows 50x; the second allows 40x.
What is the maintenance margin rate on OKX SPY?
The first tier requires 1.0000%, 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, Bitget currently has the lowest rate at 0.00% annualised; this page's OKX is at +6.70%. 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 2026-10-01 00:47 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology