SPY perpetual futures by venue
SPY perps trade on Aster (up to 5x) and Lighter (up to 50x), not on Hyperliquid. Lighter has the most volume, $24.0M in 24 h.
Data as of . Refreshed about every minute.
SPY on each venue
| Venue | Market | Price | 24 h | 24 h volume | Open interest | Max leverage | Funding / hour | Taker / maker fee |
|---|---|---|---|---|---|---|---|---|
| Aster | SPYUSDT | $756.16 | +0.11% | $624K | – | 5x | 0.0020%17.17% APR | 0.04% / 0% |
| Lighter | SPYUSDC | $754.99 | +0.07% | $24.0M | $8.5M | 50x | 0.0004%3.50% APR | 0% / 0% |
Fees are each venue's base tier before volume discounts (Lighter: Standard account); see perp DEX fees compared.
Method and sources
Mark prices, 24 h volume and open interest (US dollars, at the mark price) come from each venue's public API and refresh about every minute. Max leverage is for the smallest position tier; Aster's is estimated from its required margin. Funding is per hour (Aster's rate divided by its interval).
- Aster: Aster futures API (ticker, premiumIndex, fundingInfo, openInterest)
- Lighter: Lighter API (orderBookDetails, funding-rates)
More: SPY funding rate history, all perp markets, liquidation price explained
Frequently asked questions
- Where can I trade SPY perpetual futures?
- SPY perps are listed on Aster (market SPY) and Lighter (market SPY), not on Hyperliquid. The listing is read from each venue's API about every minute.
- What is the maximum leverage on SPY?
- 5x on Aster and 50x on Lighter, on the smallest position tier; larger positions get lower leverage. Aster's figure is estimated from its required margin. Higher leverage puts the liquidation price closer to the entry price.
- Which venue has the most SPY trading volume?
- Over the last 24 hours Lighter, with $24.0M, against $624K on Aster. More volume usually means a tighter spread and less slippage on larger orders.