# SPY funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/SPY/funding · window: last 30 days · generated 2026-09-23T19:05 UTC

What SPY (SPY (S&P 500 ETF)) actually paid over the last 30 days: 4,520 settlements across 20 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. WOOFi Pro paid the most over the window at +0.8996% 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 73% of the 4,520 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +0.8996% on WOOFi Pro to -0.8036% 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 |
|---|---:|---:|---:|---:|---:|---|
| WOOFi Pro | 90 | +0.8996% | +10.95% | +0.0101% | +0.0099% | 2026-09-23 16:00 UTC |
| Arcus | 719 | +0.6845% | +8.35% | +0.0153% | -0.0101% | 2026-09-23 18:00 UTC |
| KuCoin | 90 | +0.6658% | +8.11% | +0.0100% | -0.0676% | 2026-09-23 16:00 UTC |
| Bitunix | 94 | +0.4934% | +5.75% | +0.0388% | +0.0000% | 2026-09-23 16:00 UTC |
| Phoenix | 339 | +0.4849% | +12.54% | +0.0107% | -0.0129% | 2026-09-23 18:00 UTC |
| grvt | 95 | +0.4740% | +5.47% | +0.0416% | +0.0000% | 2026-09-23 16:00 UTC |
| Lighter Robinhood | 720 | +0.3918% | +4.77% | +0.0043% | +0.0004% | 2026-09-23 19:00 UTC |
| MEXC | 90 | +0.3520% | +4.29% | +0.0396% | -0.0001% | 2026-09-23 16:00 UTC |
| Aster | 90 | +0.2886% | +3.51% | +0.0401% | +0.0000% | 2026-09-23 16:00 UTC |
| WEEX | 90 | +0.2393% | +2.91% | +0.0396% | -0.0085% | 2026-09-23 16:00 UTC |
| OKX | 90 | +0.2038% | +2.48% | +0.0232% | +0.0000% | 2026-09-23 16:00 UTC |
| Kinetiq (mirrors hyperliquid) | 720 | +0.1882% | +2.29% | +0.0071% | -0.0083% | 2026-09-23 19:00 UTC |
| Hotcoin | 49 | +0.1799% | +4.02% | +0.0296% | +0.0000% | 2026-09-23 16:01 UTC |
| Bitget | 90 | +0.1137% | +1.38% | +0.0215% | +0.0000% | 2026-09-23 16:00 UTC |
| Ondo | 719 | +0.0560% | +0.68% | +0.0047% | -0.0121% | 2026-09-23 18:00 UTC |
| Bybit | 90 | +0.0191% | +0.23% | +0.0191% | +0.0000% | 2026-09-23 16:00 UTC |
| HTX | 93 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-09-23 16:00 UTC |
| Toobit | 94 | -0.0035% | -0.04% | +0.0396% | -0.0271% | 2026-09-23 16:00 UTC |
| Gate.io | 64 | -0.0519% | -0.89% | +0.0220% | -0.0222% | 2026-09-23 16:00 UTC |
| BloFin | 94 | -0.8036% | -9.37% | +0.0259% | -0.0218% | 2026-09-23 16:00 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 73% of the 4,520 settlements recorded here.

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

WOOFi Pro paid the most over the last 30 days at +0.8996% of position size across 90 settlements, an average annualized rate of +10.95%. This is a sum of actual payments, not a forecast.

### How often is SPY funding actually paid?

Over the last 30 days, ORBIT recorded 4,520 funding settlements for SPY across 20 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 +0.8996% on WOOFi Pro to -0.8036% 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