SPX500 funding rate explained
Right now SPX500 perpetual futures trade on 3 exchanges we track. The highest funding is on HTX at +0.002% per day, the lowest on MEXC at -0.029%. The average across all venues is -0.018% per day, or about -6.6% a year. Negative funding means SPX500 shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.031% per day. A delta-neutral position that shorts SPX500 on HTX and goes long on MEXC would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live SPX500 arbitrage board for the price side of the trade.
Settlement intervals differ: SPX500 funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: SPX500 arbitrage · funding rates for all coins.