SPY funding rates and arbitrage
SPY perpetuals trade on 14 contracts across 14 venues, forming 91 cross-venue arbitrage pairs. By net APR the current best pair is long Deribit against short Coinbase, netting +25.68%, though note the legs settle on different cadences (8h / 1h)ใ
SPY perpetual funding rates by venue
APR = current rate ร (24 รท settlement interval) ร 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| LBank | SPYUSDT | USDT | 8h | 0.0000% | 0.00% | +7.99% | $21.1M | 770.950 |
| Lighter | SPY | USDC | 1h | 0.0004% | +3.50% | +13.09% | $20.0M | 769.990 |
| MEXC | SPY_USDT | USDT | 8h | 0.0000% | 0.00% | +7.96% | $14.7M | 770.820 |
| OKX | SPY-USDT-SWAP | USDT | 8h | 0.0000% | 0.00% | +4.54% | $4.3M | 770.820 |
| Gate | SPY_USDT | USDT | 8h | 0.0000% | 0.00% | +0.91% | $3.6M | 770.870 |
| Bybit | SPYUSDT | USDT | 8h | 0.0000% | 0.00% | +2.51% | $3.3M | 770.840 |
| Bitget | SPYUSDT | USDT | 8h | 0.0063% | +6.90% | +2.35% | $2.2M | 770.880 |
| Deribit | SPY_USDC-PERPETUAL | USDC | 8h | -0.0027% | -2.91% | +120.01% | $1.4M | 769.710 |
| KuCoin | SPYUSDTM | USDT | 8h | 0.0000% | 0.00% | +1.44% | $889K | 770.860 |
| WhiteBIT | SPY_PERP | USDT | 8h | 0.0100% | +10.95% | +9.96% | $320K | 770.970 |
| Aster | SPYUSDT | USDT | 8h | 0.0000% | 0.00% | +8.67% | $279K | 770.868 |
| Crypto.com | SPYUSD-PERP | USD | 4h | 0.0098% | +21.39% | +14.91% | $171K | 769.900 |
| HTX | SPY-USDT | USDT | 8h | 0.0000% | 0.00% | 0.00% | $41K | 771.175 |
| Coinbase | SPY-PERP | USDC | 1h | 0.0026% | +22.78% | +22.78% | $0 | 763.860 |
SPY cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg โ long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| Deribit USDC | Coinbase USDC | +25.68% | 0.0704% | -97.23% | 8h / 1h | $0 |
| Deribit USDC | Crypto.com USD | +24.30% | 0.0666% | -105.10% | 8h / 4h | $171K |
| Aster USDT | Coinbase USDC | +22.78% | 0.0624% | +14.11% | 8h / 1h | $0 |
| Bybit USDT | Coinbase USDC | +22.78% | 0.0624% | +20.26% | 8h / 1h | $0 |
| Gate USDT | Coinbase USDC | +22.78% | 0.0624% | +21.86% | 8h / 1h | $0 |
| HTX USDT | Coinbase USDC | +22.78% | 0.0624% | +22.78% | 8h / 1h | $0 |
| KuCoin USDT | Coinbase USDC | +22.78% | 0.0624% | +21.33% | 8h / 1h | $0 |
| LBank USDT | Coinbase USDC | +22.78% | 0.0624% | +14.79% | 8h / 1h | $0 |
| MEXC USDT | Coinbase USDC | +22.78% | 0.0624% | +14.82% | 8h / 1h | $0 |
| OKX USDT | Coinbase USDC | +22.78% | 0.0624% | +18.24% | 8h / 1h | $0 |
| Aster USDT | Crypto.com USD | +21.39% | 0.0586% | +6.24% | 8h / 4h | $171K |
| Bybit USDT | Crypto.com USD | +21.39% | 0.0586% | +12.39% | 8h / 4h | $171K |
SPDR S&P 500 ETF Trust โข Robinhood Token project profile
- Total
- 27,186
- Max supply
- 100.00M
- Type
- Token
- Market cap rank
- #820
0x17fd3caa66502c6f1cbd5600d8448f3af8f2aba1About
SPY is the world's first claimed utility token that has direct connectivity between Fiat Gateway and Crypto Gateway transactions. This harmonization combination is a witness to the history of the establishment of the 3rd generation of crypto currency. The POS (point of sales) transaction system from Smarty Indonesia will be the main engine of the block hash of every transaction that is converted to SPY where each holder has the opportunity to do stacking, farming, exchange etc. to maximize their respective capitalization.
Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.
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