S&P 500 ETF (SPY) Perpetual, USDC-Settled

A cash-settled perpetual contract tracking S&P 500 ETF, a ETF, settled in USDC with up to 10x leverage. You hold a derivative, not the underlying asset.

SPY/USDC-PERP is a cash-settled perpetual contract tracking S&P 500 ETF, a ETF. You hold a derivative, not the underlying ETF — there is no ownership and nothing is delivered. Margin and profit or loss are denominated in USDC, with leverage up to 10x, and the contract never expires.

The same instrument is also listed settled in USDT (up to 20x).

Other ETFs listed as perpetual contracts: QQQ, IWM, SOXL, EWJ, EWY and EWZ.

All TradFi perpetual contracts · How perpetual futures work · Fees