SP500 funding rates and arbitrage
Updated 2026-10-29 14:51 UTC
Best SP500 arbitrage after every cost
No SP500 pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
SP500 funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Pacifica | SP500 | 0.0013% | 1 h | +10.9% | −1.3% | $351.8K | 2026-10-29 15:00 |
| Ondo Perps | US500-USD.P | 0.0006% | 1 h | +5.5% | — | $13.3M | 2026-10-29 15:00 |
| PopDEX | US500USDT | 0.0006% | 1 h | +5.5% | +5.2% | $485.3K | 2026-10-29 15:00 |
| Paradex | US500-USD-PERP | 0.0050% | 8 h | +5.5% | — | $40.7K | 2026-10-29 16:00 |
| HTX | SPX500-USDT | 0.0006% | 1 h | +5.5% | +5.5% | $549.7K | 2026-10-29 15:00 |
| Hyperliquid | xyz:SP500 | 0.0006% | 1 h | +5.5% | +0.8% | $398.1M | 2026-10-29 15:00 |
| Hyperliquid | mkts:US500 | 0.0006% | 1 h | +5.0% | +3.6% | $2.2M | 2026-10-29 15:00 |
| Lighter | US500 | 0.0004% | 1 h | +3.5% | +3.4% | $1.7M | 2026-10-29 15:00 |
| QFEX | US500-USD | 0.0002% | 1 h | +2.1% | — | $6.8M | 2026-10-29 15:00 |
| OKX | US500-USDT-SWAP | 0.0000% | 8 h | 0.0% | +7.9% | $301.9K | 2026-10-29 16:00 |
| Bitget | SP500USDT | 0.0000% | 8 h | 0.0% | +10.5% | $5.9M | 2026-10-29 16:00 |
| Bullet | US500-USD | 0.0000% | 1 h | 0.0% | — | $11K | 2026-10-29 15:00 |
| Variational | US500-PERP | 0.0000% | 8 h | 0.0% | — | $11.2M | 2026-10-29 16:00 |
| Gate | SPX500_USDT | 0.0000% | 8 h | 0.0% | −4.9% | $803.2K | 2026-10-29 16:00 |
| LBank | SPX500USDT | -0.0061% | 8 h | −6.7% | — | — | 2026-10-29 16:00 |
| BingX | NCSISP5002USD-USDT | -0.0061% | 8 h | −6.7% | −1.0% | $975.4K | 2026-10-29 16:00 |
| MEXC | SPX500_USDT | -0.0071% | 8 h | −7.8% | −2.7% | $55M | 2026-10-29 16:00 |
Cost to enter $10,000 of SP500
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | US500 | 0.5 bp | order-book snapshot, 6 min old |
| Hyperliquid | xyz:SP500 | 1.0 bp | order-book snapshot, 25 min old |
| BingX | NCSISP5002USD-USDT | 5.1 bp | order-book snapshot, 28 min old |
| MEXC | SPX500_USDT | 2.1 bp | top of book only |
| OKX | US500-USDT-SWAP | 6.4 bp | top of book only |
| Gate | SPX500_USDT | 9.5 bp | top of book only |
| Bitget | SP500USDT | 10.6 bp | top of book only |
| HTX | SPX500-USDT | 13.5 bp * | top of book only |
| Paradex | US500-USD-PERP | book can't fill $10,000 | order-book snapshot, 18 min old |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is SP500 funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no SP500 pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest SP500 funding rate?
Pacifica at +10.9% a year (0.0013% every 1 h); the lowest is MEXC at −7.8%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.