S&P 500 Index (SP500) Perpetual Futures

The open-interest-weighted SP500 funding rate is -0.0003% per 8 hours, or -0.36% annualised. Negative funding means shorts pay longs. Across exchanges it ranges from -0.0051% on tradeXYZ to 0.0000% on Bitget. Compare all funding rates.

The S&P 500 is a stock index of 500 large companies listed in the United States, weighted by market value. S&P Dow Jones Indices maintains it and reviews membership regularly. Because technology giants make up a large share, a few stocks can drive much of its movement.

No. SP500 perps are crypto-settled contracts that track the index level, and profit or loss is paid in stablecoins. You hold no shares or fund units and receive no dividends. The contract has no expiry, and the funding rate keeps its price near the index.

The perp keeps trading overnight, at weekends and on US holidays. With no live index value, its price reflects trader demand and the venue's pricing rules, so it acts as an early read on sentiment. When the cash market reopens, the perp tends to converge with the index again.

E-mini S&P 500 futures trade on CME with quarterly expiries and margin held at a regulated broker. SP500 perps have no expiry, use stablecoin margin and trade on crypto venues such as tradeXYZ. Perps rely on funding payments to stay near the index instead of rolling contracts each quarter.

SP500 perpetual futures are derivatives contracts that track the price of S&P 500 Index and never expire. They settle in crypto, usually USDT or USDC, so you get long or short price exposure with leverage without owning the stocks in the index. A funding rate keeps the contract close to the reference price.

Funding is a payment between longs and shorts. When SP500 perps trade above the reference price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

SP500 perps trade on 2 tracked exchanges. By volume the largest are tradeXYZ and Bitget. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.