SP500 Funding Rate History — Settled Payments by Exchange
S&P 500 Index
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Hotcoin | 38 | +1.3406% | +38.66% | +0.1173% | +0.0001% | 2026-09-23 16:00 UTC |
 OKX | 40 | +1.2485% | +34.20% | +0.1173% | -0.0428% | 2026-09-23 16:00 UTC |
 Pacifica | 717 | +0.7125% | +8.71% | +0.0301% | -0.0080% | 2026-09-23 18:00 UTC |
 Toobit | 90 | +0.5886% | +7.17% | +0.0070% | -0.0100% | 2026-09-23 16:00 UTC |
 PopDEX | 719 | +0.4532% | +5.52% | +0.0064% | -0.0029% | 2026-09-23 19:00 UTC |
 Paradex | 98 | +0.4356% | +4.87% | +0.0053% | -0.0248% | 2026-09-23 16:00 UTC |
 HTX | 719 | +0.4246% | +5.18% | +0.0006% | -0.0035% | 2026-09-23 18:00 UTC |
 Ondo | 720 | +0.3654% | +4.45% | +0.0038% | -0.0056% | 2026-09-23 19:00 UTC |
 Polymarket | 717 | +0.3562% | +4.36% | +0.0062% | -0.0096% | 2026-09-23 19:00 UTC |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ]mirrors Hyperliquid | 719 | +0.2433% | +2.97% | +0.0030% | -0.0033% | 2026-09-23 18:00 UTC |
 Bitget | 90 | +0.0229% | +0.28% | +0.0181% | +0.0000% | 2026-09-23 16:00 UTC |
 WEEX | 90 | +0.0003% | +0.00% | +0.0058% | -0.0038% | 2026-09-23 16:00 UTC |
 MEXC | 90 | -0.0145% | -0.18% | +0.0151% | -0.0096% | 2026-09-23 16:00 UTC |
 QFEX | 720 | -0.1017% | -1.24% | +0.0005% | -0.0080% | 2026-09-23 19:00 UTC |
 WOOFi Pro | 90 | -0.3860% | -4.70% | +0.0101% | -0.0355% | 2026-09-23 16:00 UTC |
 Gate.io | 90 | -0.4940% | -6.01% | +0.0000% | -0.0200% | 2026-09-23 16:00 UTC |
What the SP500 funding rate means
What SP500 (S&P 500 Index) actually paid over the last 30 days: 5,747 settlements across 16 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Hotcoin paid the most over the window at +1.3406% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 79% of the 5,747 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +1.3406% on Hotcoin to -0.4940% on Gate.io — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the SP500 funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 79% of the 5,747 settlements recorded here.
- Which exchange has paid the most settled SP500 funding recently?
- Hotcoin paid the most over the last 30 days at +1.3406% of position size across 38 settlements, an average annualized rate of +38.66%. This is a sum of actual payments, not a forecast.
- How often is SP500 funding actually paid?
- Over the last 30 days, ORBIT recorded 5,747 funding settlements for SP500 across 16 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.