Trade Synthetic SPY
Broad US equity exposure in one position, no ETF fee attached.
24/7
cUSDC
No funding rate
Solana
About S&P 500 Index
The S&P 500 is the default reference for US equities, and a position in it is a position in the market rather than in any company. Synthetic exposure skips the ETF's management fee and the exchange calendar, so FOMC decisions and jobs data can be traded when they land.
How to trade SPY here
Mint L/S Tokens
Deposit stablecoins to receive paired SPY-L and SPY-S tokens.
Pick a side
Sell the leg you don't want. Keep L to be long, S to be short.
Take it elsewhere
Post it as collateral on a lending market, or trade it on any Solana DEX.
When you can trade it
24/7 on Continuum (vs. NYSE 9:30 AM - 4:00 PM ET)
The index tracks 500 companies, so something reports after the close on most days of earnings season. S&P futures trade nearly around the clock precisely because the news does, and the cash market's 9:30 open is where the accumulated gap gets paid.
What people do with SPY
The two legs
SPY-L (Long Token)
Rises when S&P 500 Index does. Hold it as long as you like: there is no funding and no carry on the long leg.
SPY-S (Short Token)
Rises when S&P 500 Index falls, which is what makes it a hedge. The short leg carries a volatility decay, so it is not free to hold.
Related markets
More index
Trade SPY
The SPY book is live. Long and short quotes, at whatever hour suits you.