SPX Funding Rate — live across 12 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized SPX perpetual funding across all 12 venues Perpia tracks. Right now SPX funding is positive on 12 and negative on 0, ranging from +10.9% on OKX to +5.5% on Binance — a spread of 5.5%. The widest delta-neutral trade is long MEXC / short OKX at 3.0% net APR.
SPX funding rate by venue
19 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| Aster | +10.9% | 1h |
| BingX | +10.9% | 4h |
| Lighter | +10.5% | 8h |
| Variational | +10.2% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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SPX funding — FAQ
Is SPX funding positive right now?
SPX perpetual funding is positive on 12 of 12 venues Perpia tracks. The highest is +10.9% on OKX; the lowest is +5.5% on Binance.
What is the best SPX funding arbitrage right now?
Go long MEXC and short OKX for about 3.0% net APR after fees — the widest delta-neutral SPX spread Perpia currently sees.
Which exchange has the highest SPX funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How SPX funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.