# SP500 funding rates and arbitrage

Updated 2026-10-29 18:40 UTC · https://afterfees.xyz/coin/SP500

## 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](https://afterfees.xyz/venues/pacifica) | SP500 | 0.0013% | 1 h | +10.9% | −1.4% | $358.1K | 2026-10-29 19:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | US500USDT | 0.0006% | 1 h | +5.5% | +5.2% | $485K | 2026-10-29 19:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | US500-USD-PERP | 0.0050% | 8 h | +5.5% | — | $40.6K | 2026-10-30 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | SPX500-USDT | 0.0006% | 1 h | +5.5% | +5.5% | $548.8K | 2026-10-29 19:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | US500 | 0.0004% | 1 h | +3.5% | +3.4% | $1M | 2026-10-29 19:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:SP500 | 0.0002% | 1 h | +1.7% | +1.0% | $398.1M | 2026-10-29 19:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | US500-USD | 0.0001% | 1 h | +0.9% | — | $6.8M | 2026-10-29 19:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | US500-USD.P | 0.0001% | 1 h | +0.6% | — | $13.3M | 2026-10-29 19:00 |
| [OKX](https://afterfees.xyz/venues/okx) | US500-USDT-SWAP | 0.0000% | 8 h | 0.0% | +8.1% | $331.4K | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | SP500USDT | 0.0000% | 8 h | 0.0% | +8.5% | $5.9M | 2026-10-30 00:00 |
| [Bullet](https://afterfees.xyz/venues/bullet) | US500-USD | 0.0000% | 1 h | 0.0% | — | $10.7K | 2026-10-29 19:00 |
| [Variational](https://afterfees.xyz/venues/variational) | US500-PERP | 0.0000% | 8 h | 0.0% | — | $11.1M | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | SPX500USDT | -0.0065% | 8 h | −7.1% | — | — | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSISP5002USD-USDT | -0.0065% | 8 h | −7.1% | −0.9% | $975.4K | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | SPX500_USDT | -0.0066% | 8 h | −7.2% | −2.6% | $57.4M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | SPX500_USDT | -0.0200% | 8 h | −21.9% | −5.0% | $802.5K | 2026-10-30 00:00 |

## Cost to enter $10,000 of SP500

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | US500 | 0.4 bp | order-book snapshot, 55 min old |
| Hyperliquid | xyz:SP500 | 1.3 bp | order-book snapshot, 13 min old |
| BingX | NCSISP5002USD-USDT | 5.1 bp | order-book snapshot, 17 min old |
| MEXC | SPX500_USDT | 4.1 bp | top of book only |
| OKX | US500-USDT-SWAP | 6.2 bp | top of book only |
| Bitget | SP500USDT | 7.3 bp | top of book only |
| Gate | SPX500_USDT | 9.3 bp | top of book only |
| HTX | SPX500-USDT | 12.8 bp * | top of book only |
| Paradex | US500-USD-PERP | book can't fill $10,000 | order-book snapshot, 7 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 Gate at −21.9%. 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._