SP500 Funding Rate — live across 2 venues

Compared across 2 supported venues · net of estimated fees · updated every few minutes

Live annualized SP500 perpetual funding across all 2 venues Perpia tracks. Right now SP500 funding is positive on 1 and negative on 0, ranging from +10.9% on Pacifica to +0.0% on Bitget — a spread of 10.9%. The widest delta-neutral trade is long Bitget / short Pacifica at 7.1% net APR.

venues

paying positive

10.9%

funding spread

Best SP500 spread now

7.1%

net APR after fees

Long Bitget→Short Pacifica

size depends on live venue depth — see the real cap in the scanner

SP500 funding trend & liquidity

169h of history

10.9%

current gross APR

9.6%

24h average

9.3%

7-day average

$203K

pair OI · lower leg

$161K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

SP500 funding rate history

30d · 6h buckets · 2 venues

33.9%0-215.1%

3 Aug2 Sep

SP500 — average across 2 venuesPacificaBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: -6.6%. A break in a line means no data was recorded for that stretch, not a zero rate.

SP500 funding rate by venue

1 pairs scanned

Venue	Funding APR	Interval
Pacifica ↗	+10.9%	1h
Bitget ↗	+0.0%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs Pacifica page.

SP500 arbitrage — 30-day backtest

long Bitget · short Pacifica

12.2%

backtested APR

+$100

historical net P&L on $10,000

0.07%

max drawdown

$10,000$10,100

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short Pacifica would have produced 12.2% APR — versus the 7.1% the live spread implies right now (equity $10,000 → $10,100). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading SP500 backtest…

SP500 funding — FAQ

Is SP500 funding positive right now?

SP500 perpetual funding is positive on 1 of 2 venues Perpia tracks. The highest is +10.9% on Pacifica; the lowest is +0.0% on Bitget.

What is the best SP500 funding arbitrage right now?

Go long Bitget and short Pacifica for about 7.1% net APR after fees — the widest delta-neutral SP500 spread Perpia currently sees.

Which exchange has the highest SP500 funding rate?

Pacifica, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How SP500 funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to SP500

Markets also quoted on both Bitget and Pacifica — the same two exchanges you would already have funded for the SP500 trade.

See every spread between them on the Bitget vs Pacifica page.

Open the live scanner →All funding rates Funding by exchange How we calculate this