SPY (SPDR S&P 500 ETF Trust) perpetual futuresOpen interest
Chart$123.0M +7.2% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $34.2M | |
| Variational | $20.9M | +7.4% |
| MEXC | $17.5M | +7.3% |
| OKX | $10.7M | +10.8% |
Indices, ETFs and rates perp · up to 100x · 24 venues
SPY (SPDR S&P 500 ETF Trust) perpetual futures
SPY perpetual futures carry $123.0M in open interest across 24 venues, led by Binance with 28%. The contract is up 0.42% over 24 hours. Maximum leverage is 100x, on MEXC; open-interest-weighted funding is 0.2% annualized.
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As of
- Lighter, 209 markets
- Aster, 578 markets
- GMX, 143 markets
- Vest Classic, 88 markets
- Vest Markets, 64 markets
- Orderly, 142 markets
- Nado, 74 markets
- Kraken Futures, 209 markets
- Variational, 588 markets
- edgeX, 157 markets
- GRVT, 184 markets
- Aevo, unavailable
- gTrade, 178 markets
- OKX, 543 markets
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
- KuCoin, 721 markets
- Deribit, 144 markets
- Phemex, 147 markets
- Binance, 758 markets
- WhiteBIT, 395 markets
- Crypto.com, 414 markets
- Kalshi, 86 markets
$758.78Live
Loading the price chart.
SPY at a glance
Volume, 24h
Chart$233.7M +0.6% d/d
- Volume / OI
- 1.90x
- Nov 10, full day
- $292.9M
- Nov 6: $369.8M
- Nov 7: $32.2M
- Nov 8: $153.6M
- Nov 9: $291.1M
- Nov 10: $292.9M
Funding
Chart+0.2% a year
- Widest venue gap
- 59.2% long Deribit, short edgeX
- Paid over 24h, MEXC
- +0.001% longs paid
Liquidations
Chart$199 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | $199 | |
| 7d | recording |
Taker flow
Chart54% buys, 24h
BuysSells
| Window | Taker buys against taker sells | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Long vs short
No positioning data for this market.
Liquidity ±1%
Depth$12.5M resting
BidsAsks
- Bids / asks
- $6.2M / $6.3M
Liquidations within 5%
The liquidation map did not load in time. Reload the page to see it.
SPY at your leverage
- Liquidation price
- $686.33 −9.5% from $758.78 on MEXC
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- +$42.19 +4.2% of margin from the 24-hour change
- Hold a day
- $0.00 Funding and borrow at today's rate
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| MEXC | Yes | $686.33 | −9.5% | $0.00 |
| Gate | Yes | $687.48 | −9.4% | −$3.27 |
| Vest Classic | Yes | $689.80 | −9.1% | −$1.37 |
| Vest Markets | Yes | $689.80 | −9.1% | −$0.75 |
| OKX | Yes | $689.80 | −9.1% | $0.00 |
| Bitget | Yes | $689.80 | −9.1% | $0.00 |
| HTX | Yes | $689.80 | −9.1% | $0.00 |
| Crypto.com | Yes | $689.80 | −9.1% | +$5.00 |
| gTrade | Yes | $690.49 | −9.0% | $0.00 |
| Lighter | Yes | $691.19 | −8.9% | −$0.96 |
| GMX | Yes | $696.84 | −8.2% | −$4.95 |
| Orderly | Yes | $700.41 | −7.7% | −$3.00 |
| Nado | Yes | $700.41 | −7.7% | +$4.84 |
| Kraken Futures | Yes | $700.41 | −7.7% | +$5.10 |
| edgeX | Yes | $700.41 | −7.7% | −$10.94 |
| KuCoin | Yes | $700.41 | −7.7% | $0.00 |
| Deribit | Yes | $700.41 | −7.7% | +$5.29 |
| WhiteBIT | Yes | $700.41 | −7.7% | −$3.00 |
| Phemex | Yes | $718.84 | −5.3% | $0.00 |
Below 10x:Kalshi Aster cap not publishedVariational cap not publishedGRVT cap not publishedBinance cap not published
SOXL
QQQ
KORU
DRAM
HYPESPY perpetual market
Funding spread 59.2% · long Deribit, short edgeX · Price dispersion 24.3 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: 5 venues that cap below your 10x.
| Binance · daily | SPYUSDT | – | – | $34.2M | – | 28% | $150.9M | 4.41x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| Variational | US500 | $758.48 | +0.66% | $20.9M | +7.4% | 17% | $8.0M | 0.38x | 0.0% | – |
| MEXC | SPY_USDT | $759.13 | +0.60% | $17.5M | +7.3% | 14% | $20.6M | 1.18x | 0.0% | 100x |
| OKX | SPY-USDT-SWAP | $759.13 | +0.61% | $10.7M | +10.8% | 8.7% | $11.4M | 1.07x | 0.0% | 50x |
| Bitget | SPYUSDT | $759.16 | +0.59% | $9.3M | +2.2% | 7.6% | $4.5M | 0.49x | 0.0% | 50x |
| Lighter | SPY | $757.96 | +0.40% | $9.2M | +13.0% | 7.5% | $24.3M | 2.63x | +3.5% | 50x |
| WhiteBIT | SPY_PERP | $759.08 | +0.63% | $5.6M | +7.6% | 4.5% | $750.2K | 0.13x | +10.9% | 20x |
| KuCoin | SPYUSDTM | $758.92 | +0.63% | $3.6M | -1.6% | 3.0% | $444.7K | 0.12x | 0.0% | 20x |
| Nado | SPY-PERP | $759.01 | +0.62% | $2.1M | +33.6% | 1.7% | $1.4M | 0.68x | -17.7% | 20x |
| Kraken Futures | PF_SPYXUSD | $757.75 | +0.62% | $1.8M | +6.8% | 1.5% | $362.1K | 0.20x | -18.6% | 20x |
| Deribit | SPY_USDC-PERPETUAL | $757.89 | +0.63% | $1.7M | -3.9% | 1.4% | $1.9M | 1.15x | -19.3% | 20x |
| Gate | SPY_USDT | $759.39 | +0.61% | $1.4M | +6.5% | 1.1% | $7.6M | 5.49x | +11.9% | 75x |
| Crypto.com | SPYUSD-PERP | $758.03 | +0.83% | $1.0M | +1.1% | 0.8% | $177.5K | 0.18x | -18.2% | 50x |
| Phemex | SPYXUSDT | $759.40 | +0.66% | $881.9K | +0.7% | 0.7% | $25.1K | 0.03x | 0.0% | 10x |
| Aster | SPYUSDT | $758.83 | +0.63% | $860.9K | +1.6% | 0.7% | $446.6K | 0.52x | 0.0% | – |
| edgeX | SPYUSDC | $758.49 | +0.64% | $619.3K | +0.6% | 0.5% | $214.7K | 0.35x | +39.9% | 20x |
| GRVT | SPY_USDT_Perp | $759.53 | +0.61% | $475.5K | +0.1% | 0.4% | $73.8K | 0.16x | +5.6% | – |
| HTX | SPY-USDT | $759.43 | +0.62% | $441.0K | -0.8% | 0.4% | $29.8K | 0.07x | 0.0% | 50x |
| Vest Classic | SPY-USD-PERP | $758.40 | +0.65% | $299.4K | -0.4% | 0.2% | $22.7K | 0.08x | +5.0% | 50x |
| Kalshi | KXSPYPERP | $758.09 | +0.64% | $252.9K | -7.3% | 0.2% | $445.4K | 1.76x | 0.0% | 5x |
| gTrade | SPY/USD | $759.60 | +1.29% | $166.2K | +1.3% | 0.1% | not published | – | 0.0% | 15x |
| Orderly | PERP_SPY_USDC_mythos | $758.23 | +0.61% | $30.6K | +291.2% | <0.1% | $24.2K | 0.79x | +10.9% | 20x |
| GMX | arb:SPY/USD [WETH-USDC] | $759.17 | +0.62% | $5.8K | +3.6% | <0.1% | $2.6K | 0.45x | +14.0% | 25x |
| Vest Markets | SPY-USD-PERP | $757.94 | +0.62% | – | – | – | $178 | – | +2.8% | 50x |
| All venues | $758.78 | +0.42% | $123.0M | +7.2% | 100% | $233.7M | 1.90x | +0.2% | 100x |
SPY funding rate
SPY funding is +0.2% a year, weighted by open interest across 24 venues, with 59.2% between the highest and lowest venue.
SPY funding settlements, 7 days
Lighter
Latest settled +3.5% APR · hourly
Aster
Latest settled +0.4% APR · every 8h
GMX
Latest settled +14.9% APR · hourly
Vest Classic
Latest settled +5.0% APR · hourly
Vest Markets
Latest settled +2.9% APR · hourly
Orderly
Latest settled +10.9% APR · every 8h
Nado
Latest settled -25.2% APR · hourly
Kraken Futures
Latest settled -9.2% APR · hourly
Variational
Latest settled 0.0% APR · every 8h
edgeX
Latest settled +72.0% APR · every 4h
GRVT
Latest settled +30.6% APR · every 8h
gTrade
Latest settled 0.0% APR · hourly
OKX
Latest settled 0.0% APR · every 8h
Bitget
Latest settled 0.0% APR · every 8h
Gate
Latest settled 0.0% APR · every 8h
MEXC
Latest settled 0.0% APR · every 8h
HTX
Latest settled 0.0% APR · every 8h
KuCoin
Latest settled 0.0% APR · every 8h
Deribit
Latest settled -9.0% APR · hourly
Phemex
Latest settled 0.0% APR · every 4h
WhiteBIT
Latest settled +10.9% APR · every 8h
Crypto.com
Latest settled +7.8% APR · hourly
Kalshi
Latest settled 0.0% APR · every 24h
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Lighter | 167 | +6.4% | -58.7% | +69.2% | 99% of hours |
| Aster | 21 | +10.5% | 0.0% | +32.5% | 57% of hours |
| GMX | 167 | +19.2% | +14.9% | +41.8% | 100% of hours |
| Vest Classic | 167 | +5.0% | +5.0% | +5.0% | 100% of hours |
| Vest Markets | 167 | +4.1% | +1.7% | +5.0% | 100% of hours |
| Orderly | 27 | +11.0% | +10.9% | +11.0% | 100% of hours |
| Nado | 167 | +3.4% | -59.9% | +53.3% | 59% of hours |
| Kraken Futures | 167 | +33.9% | -50.5% | +131.8% | 93% of hours |
| Variational | 167 | +5.5% | 0.0% | +30.2% | 41% of hours |
| edgeX | 47 | +49.9% | +5.2% | +105.4% | 100% of hours |
| GRVT | 27 | +32.5% | 0.0% | +69.3% | 71% of hours |
| gTrade | 167 | 0.0% | 0.0% | 0.0% | 0% of hours |
| OKX | 27 | +3.8% | 0.0% | +25.2% | 43% of hours |
| Bitget | 27 | +8.8% | 0.0% | +35.3% | 41% of hours |
| Gate | 27 | +7.3% | 0.0% | +32.4% | 58% of hours |
| MEXC | 27 | +7.2% | 0.0% | +31.5% | 49% of hours |
| HTX | 27 | +6.1% | 0.0% | +21.6% | 39% of hours |
| KuCoin | 27 | +3.6% | 0.0% | +36.2% | 20% of hours |
| Deribit | 167 | +35.3% | -38.6% | +317.4% | 46% of hours |
| Phemex | 44 | +0.2% | 0.0% | +7.2% | 2% of hours |
| WhiteBIT | 167 | +7.7% | -10.9% | +28.5% | 78% of hours |
| Crypto.com | 166 | +32.0% | -4.2% | +124.0% | 95% of hours |
| Kalshi | 32 | +0.1% | 0.0% | +0.7% | 17% of hours |
SPY open interest
SPY open interest is $123.0M across 24 venues.
SPY liquidation map
The liquidation map did not load in time. Reload the page to see it.
SPY liquidation history
SPY long and short liquidations by venue.
SPY volume and order flow
$233.7M of SPY traded in the last 24 hours across 24 venues.
SPY order book and taker flow
Aster
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | $888.4K | $499.7K | +$388.6K | 64% |
| 4 hours | $3.5M | $2.4M | +$1.1M | 60% |
| 12 hours | $7.7M | $6.9M | +$808.1K | 53% |
| 24 hours | $10.9M | $9.2M | +$1.7M | 54% |
| 3 days | $39.1M | $31.8M | +$7.3M | 55% |
| 7 days | $83.5M | $75.4M | +$8.1M | 53% |
SPY large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 9, 21:29 UTC | Deribit | Taker buy | $128.3K | $752.58 |
| Nov 9, 15:12 UTC | Deribit | Taker sell | $187.1K | $748.44 |
| Nov 9, 07:45 UTC | Vest Classic | Taker sell | $108.6K | $734.96 |
| Nov 8, 21:55 UTC | OKX | Long liquidated | $149.0K | $735.82 |
| Nov 6, 20:50 UTC | Deribit | Taker buy | $257.7K | $736.31 |
| Nov 6, 17:42 UTC | Deribit | Taker sell | $258.0K | $737.05 |
| Nov 6, 14:40 UTC | Vest Classic | Taker buy | $109.0K | $737.99 |
| Nov 6, 04:31 UTC | Deribit | Taker sell | $257.1K | $734.45 |
| Nov 5, 23:19 UTC | OKX | Long liquidated | $16.8K | $729.64 |
| Nov 5, 23:10 UTC | OKX | Long liquidated | $143.7K | $730.60 |
SPY news
Loading the latest SPY headlines.
SPY listing and leverage changes
| When | Venue | Change |
|---|---|---|
| Oct 27, 2026 to Nov 11, 2026 | GMX arb:SPY/USD [WETH-USDC] | Max leverage moves between 25x and 50x (23 changes), now 25x |
| Oct 27, 2026 to Nov 11, 2026 | gTrade SPY/USD | Max leverage moves between 15x and 100x (25 changes), now 15x |
| Nov 6, 2026 | Kalshi KXSPYPERP | Max leverage changed from 4.9628x to 5.0x |
| Oct 29, 2026 | Kinetiq mkts:US500 | Delisted |