SPY (SPDR S&P 500 ETF Trust) perpetual futuresOpen interest
Chart$126.9M +7.2% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $34.2M | |
| MEXC | $21.2M | +7.3% |
| Variational | $20.9M | +7.4% |
| 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 $126.9M in open interest across 24 venues, led by Binance with 27%. The contract is up 0.41% over 24 hours. Maximum leverage is 100x, on MEXC; open-interest-weighted funding is 0.7% annualized.
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As of
- Lighter, 209 markets
- Aster, 577 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
$758.38Live
Loading the price chart.
SPY at a glance
Volume, 24h
Chart$234.3M +0.6% d/d
- Volume / OI
- 1.85x
- 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+0.7% a year
- Widest venue gap
- 72.5% 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 | recording | |
| 7d | recording |
Taker flow
Chart52% 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%
No liquidation map for this market.
SPY at your leverage
- Liquidation price
- $685.97 −9.5% from $758.38 on MEXC
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- +$40.94 +4.1% 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 | $685.97 | −9.5% | $0.00 |
| Gate | Yes | $687.12 | −9.4% | −$4.80 |
| Vest Classic | Yes | $689.43 | −9.1% | −$1.37 |
| Vest Markets | Yes | $689.43 | −9.1% | −$0.73 |
| OKX | Yes | $689.43 | −9.1% | $0.00 |
| Bitget | Yes | $689.43 | −9.1% | $0.00 |
| HTX | Yes | $689.43 | −9.1% | $0.00 |
| Crypto.com | Yes | $689.43 | −9.1% | +$5.00 |
| gTrade | Yes | $690.12 | −9.0% | $0.00 |
| Lighter | Yes | $690.83 | −8.9% | −$0.96 |
| GMX | Yes | $696.47 | −8.2% | −$4.95 |
| Orderly | Yes | $700.04 | −7.7% | −$3.00 |
| Nado | Yes | $700.04 | −7.7% | +$3.87 |
| Kraken Futures | Yes | $700.04 | −7.7% | +$1.18 |
| edgeX | Yes | $700.04 | −7.7% | −$14.56 |
| KuCoin | Yes | $700.04 | −7.7% | $0.00 |
| Deribit | Yes | $700.04 | −7.7% | +$5.29 |
| WhiteBIT | Yes | $700.04 | −7.7% | −$3.00 |
| Phemex | Yes | $718.46 | −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 72.5% · long Deribit, short edgeX · Price dispersion 33.2 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 | – | 27% | $150.9M | 4.41x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | SPY_USDT | $758.82 | +0.56% | $21.2M | +7.3% | 17% | $21.2M | 1.00x | 0.0% | 100x |
| Variational | US500 | $757.84 | +0.57% | $20.9M | +7.4% | 16% | $8.0M | 0.38x | 0.0% | – |
| OKX | SPY-USDT-SWAP | $758.70 | +0.56% | $10.7M | +10.8% | 8.4% | $11.4M | 1.06x | 0.0% | 50x |
| Bitget | SPYUSDT | $758.89 | +0.55% | $9.3M | +2.2% | 7.4% | $4.5M | 0.48x | 0.0% | 50x |
| Lighter | SPY | $757.72 | +0.40% | $9.3M | +13.0% | 7.3% | $24.0M | 2.59x | +3.5% | 50x |
| WhiteBIT | SPY_PERP | $758.40 | +0.54% | $5.6M | +7.6% | 4.4% | $758.2K | 0.13x | +10.9% | 20x |
| KuCoin | SPYUSDTM | $758.60 | +0.58% | $3.6M | -1.6% | 2.9% | $446.8K | 0.12x | 0.0% | 20x |
| Nado | SPY-PERP | $758.70 | +0.58% | $2.1M | +33.6% | 1.7% | $1.5M | 0.69x | -14.1% | 20x |
| Kraken Futures | PF_SPYXUSD | $757.38 | +0.57% | $1.8M | +6.8% | 1.4% | $371.9K | 0.20x | -4.3% | 20x |
| Deribit | SPY_USDC-PERPETUAL | $757.58 | +0.59% | $1.7M | -3.9% | 1.3% | $2.2M | 1.32x | -19.3% | 20x |
| Gate | SPY_USDT | $759.05 | +0.56% | $1.4M | +6.5% | 1.1% | $7.5M | 5.48x | +17.5% | 75x |
| Crypto.com | SPYUSD-PERP | $757.08 | +0.71% | $1.0M | +1.1% | 0.8% | $177.4K | 0.18x | -18.2% | 50x |
| Phemex | SPYXUSDT | $759.35 | +0.65% | $881.9K | +0.7% | 0.7% | $24.8K | 0.03x | 0.0% | 10x |
| Aster | SPYUSDT | $758.60 | +0.47% | $857.8K | +1.6% | 0.7% | $460.2K | 0.54x | 0.0% | – |
| edgeX | SPYUSDC | $757.94 | +0.56% | $618.8K | +0.6% | 0.5% | $213.6K | 0.35x | +53.2% | 20x |
| GRVT | SPY_USDT_Perp | $759.14 | +0.56% | $475.2K | +0.1% | 0.4% | $49.2K | 0.10x | +6.9% | – |
| HTX | SPY-USDT | $758.81 | +0.54% | $440.8K | -0.8% | 0.3% | $29.8K | 0.07x | 0.0% | 50x |
| Vest Classic | SPY-USD-PERP | $758.06 | +0.61% | $299.3K | -0.4% | 0.2% | $22.7K | 0.08x | +5.0% | 50x |
| Kalshi | KXSPYPERP | $758.00 | +0.63% | $249.2K | -7.3% | 0.2% | $449.4K | 1.80x | 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 | $757.95 | +0.57% | $30.6K | +291.2% | <0.1% | $16.6K | 0.54x | +10.9% | 20x |
| GMX | arb:SPY/USD [WETH-USDC] | $758.85 | +0.58% | $5.8K | +3.6% | <0.1% | $2.6K | 0.45x | +14.0% | 25x |
| Vest Markets | SPY-USD-PERP | $757.63 | +0.58% | – | – | – | $177 | – | +2.7% | 50x |
| All venues | $758.38 | +0.41% | $126.9M | +7.2% | 100% | $234.3M | 1.85x | +0.7% | 100x |
SPY funding rate
SPY funding is +0.7% a year, weighted by open interest across 24 venues, with 72.5% 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 +14.3% APR · hourly
Vest Classic
Latest settled +5.0% APR · hourly
Vest Markets
Latest settled +2.8% APR · hourly
Orderly
Latest settled +10.9% APR · every 8h
Nado
Latest settled -26.5% APR · hourly
Kraken Futures
Latest settled -22.2% APR · hourly
Variational
Latest settled 0.0% APR · every 8h
edgeX
Latest settled +63.4% APR · every 4h
GRVT
Latest settled +7.1% 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 -13.0% APR · hourly
Phemex
Latest settled 0.0% APR · every 4h
WhiteBIT
Latest settled +10.9% APR · every 8h
Crypto.com
Latest settled -18.2% APR · hourly
Kalshi
Latest settled 0.0% APR · every 24h
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Lighter | 165 | +6.5% | -58.7% | +69.2% | 99% of hours |
| Aster | 21 | +10.5% | 0.0% | +32.5% | 57% of hours |
| GMX | 165 | +19.3% | +14.3% | +41.8% | 100% of hours |
| Vest Classic | 165 | +5.0% | +5.0% | +5.0% | 100% of hours |
| Vest Markets | 165 | +4.1% | +1.7% | +5.0% | 100% of hours |
| Orderly | 28 | +11.0% | +10.9% | +11.0% | 100% of hours |
| Nado | 165 | +3.2% | -59.9% | +53.3% | 58% of hours |
| Kraken Futures | 165 | +33.9% | -50.5% | +131.8% | 93% of hours |
| Variational | 165 | +5.6% | 0.0% | +30.2% | 42% of hours |
| edgeX | 48 | +50.0% | +5.2% | +105.4% | 100% of hours |
| GRVT | 28 | +32.4% | 0.0% | +69.3% | 71% of hours |
| gTrade | 165 | 0.0% | 0.0% | 0.0% | 0% of hours |
| OKX | 28 | +3.8% | 0.0% | +25.2% | 43% of hours |
| Bitget | 28 | +8.7% | 0.0% | +35.3% | 40% of hours |
| Gate | 28 | +7.3% | 0.0% | +32.4% | 58% of hours |
| MEXC | 28 | +7.1% | 0.0% | +31.5% | 48% of hours |
| HTX | 28 | +6.1% | 0.0% | +21.6% | 39% of hours |
| KuCoin | 28 | +3.6% | 0.0% | +36.2% | 20% of hours |
| Deribit | 165 | +35.8% | -38.6% | +317.4% | 46% of hours |
| Phemex | 42 | +0.2% | 0.0% | +7.2% | 2% of hours |
| WhiteBIT | 165 | +7.9% | -10.9% | +28.5% | 79% of hours |
| Crypto.com | 164 | +32.0% | -18.2% | +124.0% | 95% of hours |
| Kalshi | 33 | +0.1% | 0.0% | +0.7% | 17% of hours |
SPY open interest
SPY open interest is $126.9M across 24 venues.
SPY liquidation map
No liquidation levels recorded for SPY.
SPY liquidation history
SPY long and short liquidations by venue.
SPY volume and order flow
$234.3M 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 | $1.1M | $1.0M | +$28.3K | 51% |
| 4 hours | $4.3M | $3.9M | +$320.8K | 52% |
| 12 hours | $10.7M | $10.6M | +$133.9K | 50% |
| 24 hours | $15.0M | $14.0M | +$934.8K | 52% |
| 3 days | $56.1M | $52.1M | +$4.0M | 52% |
| 7 days | $124.5M | $117.6M | +$6.9M | 51% |
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 |