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SPDR S&P 500 ETF (SPY) Perpetual Futures

SPDR S&P 500 ETF (SPY) Perpetual Futures — Live Data

Price
$747.36
Total Open Interest
24h Volume
$260.9k
Venues
3

Where to Trade SPDR S&P 500 ETF (SPY) Perpetual Futures

SPDR S&P 500 ETF (SPY) perpetual futures are live on 3 venues. Open interest, 24h volume and funding update every two minutes — compare them below and trade SPY directly.

Aster logo
Aster
Arbitrum
Open Interest
24h Volume
$2.9k
Taker Fee
0.040%
Max Lev.
100x
Rating
7.5/10
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Open Interest
24h Volume
Taker Fee
0.050%
Max Lev.
1000x
Rating
8.0/10
Lighter logo
Lighter
Arbitrum
Open Interest
24h Volume
$258.0k
Taker Fee
0.000%
Max Lev.
50x
Rating
7.5/10

Market Overview

SPY is the world's largest and most liquid ETF, tracking the S&P 500 index with approximately $570 billion in assets under management. SPY perpetual futures effectively provide the same exposure as SPX index perps but are priced in line with the ETF, which is widely used as the primary vehicle for institutional equity hedging and retail investing.

Trading Tips for SPDR S&P 500 ETF Perps

SPY perps closely track SPX perps in price behavior — choose based on liquidity available on your platform. SPY options market flow (particularly large put buying) is one of the most reliable leading indicators for near-term equity direction, making it worth monitoring even when trading SPY perps directionally.

Frequently Asked Questions — SPDR S&P 500 ETF (SPY)

What is the current SPY perpetual futures funding rate?
The live SPDR S&P 500 ETF (SPY) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing SPY perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest SPY perp trading fees?
The lowest SPY taker fee is 0.020% on SynFutures, versus 0.050% on Gains Network. The cost comparison table above compares total cost — maker/taker fees plus slippage — for a $100,000 SPY trade across all 3 venues.
How does SPDR S&P 500 ETF open interest compare across exchanges?
SPDR S&P 500 ETF (SPY) open interest is broken down by exchange in the chart above, showing the total value of outstanding SPY derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the SPY long/short ratio indicate?
The SPDR S&P 500 ETF long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade SPY perpetual futures?
SPDR S&P 500 ETF (SPY) perps are listed on 3 exchanges: Gains Network, SynFutures, and Avantis. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each venue.

Category: ETF · Data updates every 2 minutes · All rates shown are annualized