# SPY funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/SPY/funding · window: last 30 days · generated 2026-11-14T10:52 UTC

What SPY (SPY (S&P 500 ETF)) actually paid over the last 30 days: 6,746 settlements across 26 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. Crypto.com paid the most over the window at +3.0267% 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 74% of the 6,746 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +3.0267% on Crypto.com to -0.0933% on BloFin — 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.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Crypto.com | 720 | +3.0267% | +36.85% | +0.0286% | -0.0031% | 2026-11-14 10:00 UTC |
| grvt | 90 | +1.6090% | +19.59% | +0.0706% | +0.0000% | 2026-11-14 08:00 UTC |
| edgeX V2 | 180 | +1.3054% | +15.89% | +0.0500% | -0.0490% | 2026-11-14 08:00 UTC |
| Phoenix | 719 | +1.1517% | +14.04% | +0.0097% | -0.0050% | 2026-11-14 10:00 UTC |
| Hotcoin | 90 | +0.7987% | +9.72% | +0.0508% | +0.0000% | 2026-11-14 08:00 UTC |
| Bitget | 90 | +0.6246% | +7.60% | +0.0609% | +0.0000% | 2026-11-14 08:00 UTC |
| Decibel | 658 | +0.5635% | +7.51% | +0.0307% | -0.0128% | 2026-11-14 10:00 UTC |
| Aster | 90 | +0.5261% | +6.40% | +0.0516% | +0.0000% | 2026-11-14 08:00 UTC |
| Lighter Robinhood | 720 | +0.4919% | +5.99% | +0.0157% | -0.0064% | 2026-11-14 10:00 UTC |
| Bitunix | 90 | +0.4621% | +5.63% | +0.0497% | +0.0002% | 2026-11-14 08:00 UTC |
| Arcus | 720 | +0.4331% | +5.27% | +0.0119% | -0.0078% | 2026-11-14 10:00 UTC |
| Ondo | 720 | +0.4191% | +5.10% | +0.0232% | -0.0126% | 2026-11-14 10:00 UTC |
| Binance Futures | 90 | +0.3854% | +4.69% | +0.0508% | +0.0000% | 2026-11-14 08:00 UTC |
| MEXC | 90 | +0.3842% | +4.68% | +0.0508% | +0.0000% | 2026-11-14 08:00 UTC |
| Pionex | 90 | +0.3382% | +4.12% | +0.0488% | -0.0029% | 2026-11-14 08:00 UTC |
| WEEX | 90 | +0.2832% | +3.45% | +0.0508% | -0.0205% | 2026-11-14 08:00 UTC |
| Meridian | 518 | +0.2798% | +4.73% | +0.0142% | -0.0189% | 2026-11-14 01:00 UTC |
| Toobit | 90 | +0.2693% | +3.28% | +0.0508% | -0.0200% | 2026-11-14 08:00 UTC |
| HTX | 90 | +0.2573% | +3.13% | +0.0264% | +0.0000% | 2026-11-14 08:00 UTC |
| OKX | 90 | +0.2534% | +3.09% | +0.0550% | +0.0000% | 2026-11-14 08:00 UTC |
| Gate.io | 90 | +0.2326% | +2.83% | +0.0335% | +0.0000% | 2026-11-14 08:00 UTC |
| KuCoin | 90 | +0.2152% | +2.62% | +0.0387% | -0.0150% | 2026-11-14 08:00 UTC |
| ApeX | 171 | +0.2120% | +10.87% | +0.0013% | -0.0005% | 2026-11-14 10:00 UTC |
| Bybit | 90 | +0.2051% | +2.50% | +0.0376% | +0.0000% | 2026-11-14 08:00 UTC |
| Phemex | 180 | +0.0033% | +0.04% | +0.0033% | +0.0000% | 2026-11-14 08:00 UTC |
| BloFin | 90 | -0.0933% | -1.14% | +0.0408% | -0.0216% | 2026-11-14 08:00 UTC |

## FAQ

### Is the SPY 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 74% of the 6,746 settlements recorded here.

### Which exchange has paid the most settled SPY funding recently?

Crypto.com paid the most over the last 30 days at +3.0267% of position size across 720 settlements, an average annualized rate of +36.85%. This is a sum of actual payments, not a forecast.

### How often is SPY funding actually paid?

Over the last 30 days, ORBIT recorded 6,746 funding settlements for SPY across 26 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.

### What is the widest settled SPY funding spread between venues?

Over the last 30 days, settled totals ranged from +3.0267% on Crypto.com to -0.0933% on BloFin. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/SPY · Screener: https://orbitperpscreener.com/screener