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SPX6900 (SPX) Funding Rate

SPXSPX$0.3569+0.23%LongShort

Derivatives (24h)

BuySell
Open Interest+1.02%$32.12M
Futures Volume-49.47%$17.35M
Liquidation-82.98%$15.28K
Long Liquidation-83.59%$13.36K
Short Liquidation-70.98%$1.91K

Long/Short (24h)

LongShort
SPX Long/Short All0.985
Binance Long/Short1.032
OKX Long/Short0.919
Bybit Long/Short0.951
Hyperliquid Long/Short0.891

Funding Rate

SPX OI-Weighted (4h)+0.0051%
Binance SPX/USDT (4h)+0.0050%
OKX SPX/USDT (4h)+0.0050%
Bybit SPX/USDT (4h)+0.0050%
Hyperliquid SPX/USD (1h)+0.0013%
Current FundingOpen-interest-weighted average of the current funding rate across all exchanges (each exchange weighted by its open interest, shown per the coin's common settlement interval). Positive = longs pay shorts. Learn more →+0.0051%/4h
Annualized · APR+11.23%
Next Funding—
Funding Accum · 1D—
NEUTRAL FUNDINGFunding near baseline — balanced positioningAutomated rule-based market summary, for informational purposes only. Not financial advice.

SPX Funding Rate Chart · Perpetual · Aggregated

Funding Rate · per 8hpositive · longs pay shortsnegative · shorts pay longsSPX price
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View SPX liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more

Exchanges SPX Funding Rates

ExchangesFunding RateAPR1D AccumulatedNext FundingInterval
ΣOI-Weighted+0.0051%+11.23%+0.0305%00:03:41 (4h)4h
BBybit+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
MMEXC+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
HHyperliquid+0.0013%+10.95%+0.0300%00:03:41 (1h)1h
KKuCoin+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
BBinance+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
BBitget+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
GGate+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
BBingX+0.0050%+10.95%+0.0300%00:03:41 (4h)4h
LLighter+0.0012%+10.51%+0.0371%00:03:41 (1h)1h
OOKX+0.0050%+10.95%+0.0300%00:03:41 (4h)4hTrade
KKraken+0.0078%+68.62%+0.1041%00:03:41 (1h)1h
AAster+0.0050%+10.95%+0.0300%00:03:41 (4h)4h
CCrypto.com-0.0199%-174.56%-0.2513%00:03:41 (1h)1h

Rates are per settlement interval (1h/4h/8h depending on exchange) and APR annualizes the current rate at that interval. The Accumulated column sums the rate at each settlement over the selected window (1Y uses exchange-reported yearly accumulation). Live rates update about every 10 seconds.

How to read the colors: funding reflects positioning and the cost of leverage, not price direction. Funding is the fee longs pay shorts (negative means shorts pay longs). Green = funding below the neutral baseline (~0.01% per 8h): holding longs is cheap and the market is not crowded long. Gray = the neutral zone around baseline. Red = elevated funding: longs are crowded and paying up, with deeper red meaning a more extreme premium. The Accumulated column is colored by its per-settlement average, so it reads on the same scale as the live rate. Green funding while price falls = no euphoria and longs are cheap to hold — often a constructive contrarian signal. Red funding while price rises = crowded leveraged longs paying high fees — a setup vulnerable to long squeezes.

The current SPX USDT perpetual funding rate (4h, OI-weighted) is +0.0103%, meaning longs are paying shorts right now. Across the 13 exchanges reporting a rate, it ranges from -0.0199% on Crypto.com to +0.0078% on Kraken — a spread that shows how positioning differs venue by venue. A positive rate is typical when perpetual contracts trade at or above the spot price and long positioning dominates. Learn more about how funding rates work →

See the live funding rate matrix for every exchange →

About SPX funding rates

The SPX6900 funding rate (SPX funding rate) is the periodic payment exchanged between longs and shorts on SPX perpetual futures. This page charts the OI-weighted SPX6900 perpetual funding rate (SPX perpetual funding rate) against price, plus each exchange's current rate, accumulated funding from one day out to one year, and the countdown to its next settlement.

The headline rate weights every venue by its share of SPX open interest, so large markets move the aggregate more than small ones. Venues reporting no data are excluded and figures refresh continuously.

Frequently asked questions

What is the SPX funding rate right now?

On an OI-weighted basis, SPX funding currently sits at +0.0103% — traders holding longs pay shorts until the next settlement (settled every 4 hours on most venues).

Which exchange has the highest SPX funding rate?

Kraken currently prints the highest SPX rate at +0.0078%; Crypto.com sits lowest at -0.0199%. Every venue's current and accumulated rate is listed in the table below.

How often is SPX funding settled?

Settlement schedules differ by venue — from every hour to every 4 hours. The countdown to each exchange's next settlement runs in the table below.

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