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Funding rates · SPY-USDT
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Browse all contracts →SPY-USDT funding rate today on 4 exchanges
Live SPY-USDT perpetual funding rates on OKX, Bybit, Bitget and Gate, converted into what holding the position costs in dollars.
Updated 2026-10-21 00:20 UTC
SPY-USDT
Cost of holding this position
$0.00
$10.0k · 30 days · 1x Long
OKXTrading toolsLast 24 settlements
4 exchangesOKXTrading tools0.0000%
BybitDerivatives0.0000%
GateWide selection0.0000%
BitgetCopy trading+0.0205%The estimate assumes today's funding rate stays the same for the whole holding period. In practice the rate changes at every settlement.
SPY-USDT · Long
SPY funding rate by exchange
| # | Exchange | 24h volume | Funding rate | Annualised | Bid-ask spread | Cost for a long |
|---|---|---|---|---|---|---|
| 1 | OKXTrading tools Cheapest |
$2.5M | 0.0000%/8h | 0.00% | 0.0013% | $0.00 |
| 2 | BybitDerivatives |
$3.5M | 0.0000%/8h | 0.00% | 0.00129% | $0.00 |
| 3 | GateWide selection |
$3.4M | 0.0000%/8h | 0.00% | 0.00388% | $0.00 |
| 4 | BitgetCopy trading |
$2.2M | +0.0205%/8h | 22.45% | 0.00129% | +$184.50 |
Enter your monthly volume, order mix and holding time to compare trading fees, funding and spread on each exchange, cheapest first.
SPY-USDT
Where holding SPY was cheapest over 90 days
Over the last 90 days a $10,000 long paid $20.17 in funding on Bybit, the cheapest of 3 exchanges, and paid $78.49 on Bitget, the most expensive: a difference of $58.32.
The ranking runs the other way for shorts: a $10,000 short received $78.49 on Bitget, the best exchange for a short.
Bybit was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Running total of funding paid by a $10,000 long, day by day, on one scale for every exchange. Above the line the long paid; below it, it received.
Bybit
+$20.17
OKX
+$34.11
Bitget
+$78.49
SPY-USDT
SPY funding rate history: last 90 days
What a $10,000 long position would have paid (+) or received (−) in funding on each exchange, at the funding rates each exchange published for every settlement. For a short, the signs are reversed.
| Exchange | Settlements | Last 7 days | Last 30 days | Last 90 days | Average, annualised | Positive settlements | Lowest / highest |
|---|---|---|---|---|---|---|---|
| Gate |
90 /8h | +$5.58 | +$8.45 | — | 1.03% | 9% | 0.0000% / +0.0335% |
| Bybit |
90 /8h | +$6.38 | +$14.25 | +$20.17 | 1.73% | 18% | -0.0103% / +0.0376% |
| OKX |
90 /8h | +$6.90 | +$17.92 | +$34.11 | 2.18% | 18% | 0.0000% / +0.0550% |
| Bitget |
90 /8h | +$17.30 | +$59.53 | +$78.49 | 7.24% | 42% | 0.0000% / +0.0609% |
SPY-USDT
SPY funding rate history by day
Each cell adds up every settlement on that exchange during one UTC day. Multiply by your position size for the day's payment: +0.0300% on $10,000 is $3.
| Date (UTC) | Gate | Bybit | OKX | Bitget |
|---|---|---|---|---|
| 2026-10-20 | 0.0000% | 0.0000% | 0.0000% | +0.0192% |
| 2026-10-19 | +0.0335% | +0.0262% | +0.0097% | +0.0115% |
| 2026-10-18 | 0.0000% | 0.0000% | 0.0000% | 0.0000% |
| 2026-10-17 | +0.0223% | +0.0376% | +0.0550% | +0.0609% |
| 2026-10-16 | 0.0000% | 0.0000% | 0.0000% | +0.0098% |
| 2026-10-15 | 0.0000% | 0.0000% | 0.0000% | +0.0235% |
| 2026-10-14 | 0.0000% | 0.0000% | +0.0091% | +0.0563% |
| 2026-10-13 | 0.0000% | 0.0000% | +0.0000% | +0.0205% |
| 2026-10-12 | 0.0000% | 0.0000% | 0.0000% | +0.0131% |
| 2026-10-11 | 0.0000% | -0.0001% | 0.0000% | 0.0000% |
| 2026-10-10 | 0.0000% | -0.0103% | 0.0000% | +0.0043% |
| 2026-10-09 | 0.0000% | 0.0000% | 0.0000% | +0.0003% |
| 2026-10-08 | 0.0000% | +0.0011% | 0.0000% | +0.0015% |
| 2026-10-07 | 0.0000% | 0.0000% | 0.0000% | +0.0069% |
SPY-USDT
SPY funding rate: common questions
Do longs or shorts pay SPY funding right now?
Longs pay shorts on Bitget; the rate is exactly zero on OKX, Bybit and Gate.
Is the SPY perpetual trading above or below spot?
Above. On the 4 exchanges that publish an index price, the SPY perpetual's mark price is 0.0272% to 0.0624% above the spot index. Exchanges combine this premium with a small interest component to set the next funding rate, so a lasting premium pushes funding up.
Which exchange was cheapest for holding SPY over the last 90 days?
Over the last 90 days a $10,000 long paid $20.17 in funding on Bybit, the cheapest of 3 exchanges, and paid $78.49 on Bitget, the most expensive: a difference of $58.32.
The ranking runs the other way for shorts: a $10,000 short received $78.49 on Bitget, the best exchange for a short.
Bybit was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Which exchange has the most SPY perpetual trading volume?
Bybit has the most: 30.5% of the $11.5M in SPY perpetual futures traded across these exchanges in the last 24 hours, followed by Gate with 29.3%.
Open interest adds up to $27.8M on the exchanges that report it, the largest share on Bitget (35.5%).
When is the next SPY funding payment?
OKX, Bybit, Bitget and Gate: every 8 hours, next at 2026-10-21 08:00 UTC.
Only positions that are open at the settlement time pay or receive funding.
What was the highest SPY funding rate in the last 30 days?
The highest settled rate was +0.0609% on Bitget (2026-10-17 00:00 UTC); the lowest was -0.0103% on Bybit (2026-10-10 08:00 UTC).
On Bybit the rate switched between positive and negative 2 times over the 30 days.
How much has SPY funding cost over the past 30 days?
At the funding rates each exchange published, holding a $10,000 long for the past 30 days would have cost $8.45 on Gate, the least, and $59.53 on Bitget, the most.
Over the past 90 days it would have cost $20.17 on Bybit, the least, and $78.49 on Bitget, the most.
Funding rates are reset at every settlement, so these answers describe today's market, not a forecast.