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SPDR S&P 500 ETF Trust SPY ETF tokens & perpetuals

SPDR S&P 500 ETF Trust US ETF

Tracked for SPY: 12 spot token markets and 8 perpetual markets across 12 trading venues.

20Venue
12ETF tokens
8ETF perpetuals
7On-chain contracts

SPY markets at a glance

  • Among comparable spot token quotes, MEXC's SPYx has the lowest normalized price, at -0.81% relative to the reference.
  • The most actively traded is the etf perpetuals SPYUSDT on Binance, with $66.29M in 24h volume.
  • On-chain, you can swap for SPYx, SPYon directly (Solana, Ethereum). Check the official contract address below before buying.
  • 8 perpetual markets are tracked, with a highest listed leverage of 100× and funding rates from -0.0050% to 0.0000%. Check each contract's funding interval.
  • Minimum orders start from about $0.5.
  • Data as of (sources and method)
  • Token symbols: SPYx, SPYB, SPYon, SPYG

About SPDR S&P 500 ETF Trust (SPY)

SPDR S&P 500 ETF Trust (SPY) is an ETF listed in the US.

SPDR S&P 500 ETF Trust (SPY) key figures

  • Of the 20 SPDR S&P 500 ETF Trust (SPY) markets we track, Binance has the most activity, with 70% of 24h volume; spot tokens traded $5.26M and perpetuals $90.73M in total.
  • The reference price moved +1.73% over 7 days, -3.15% over 30 days; its 30-day low was US$ 730.95 (Nov 5) and high US$ 774.74 (Oct 21).
  • Over the last 30 days, SPYx on Solana ranged from a -0.93% premium (Oct 28) to +4.75% (Nov 5) against the stock.
  • Funding is highest on Binance (0.0000%) and lowest on BingX (-0.0050%).
  • Ondo, xStocks published official contract addresses on 11 chains; verify them below before buying on-chain.
  • Each SPYon on Solana currently represents 1.0095 shares; the last dividend reinvestment adjustment was on Oct 16.
  • Each SPYx on Solana currently represents 1.0057 shares; the last dividend reinvestment adjustment was on Jun 18.

Compare price and volume

Venue

Updated
SPY markets at a glance
Venue Type Price Premium 24h volume Trade
Solana
Onchain spot token SPYx · xStocks
More metrics
24h change
+0.42%
On-chain liquidity
$3.74M
Open interest
—
Funding rate
—
Max leverage
—
 US$ 765.66 +2.10% $3.54M Trade
Binance
ETF token SPYBUSDT · bStocks · min order $5
More metrics
24h change
-0.09%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 750.29 +0.05% $801.6K Trade
OKX
ETF token XSPY-USDT · xStocks · min order $0.75
More metrics
24h change
-0.13%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 750.35 +0.06% $443.9K Trade
MEXC
ETF token SPYONUSDT · Ondo
More metrics
24h change
-0.11%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0% / 0.08%
 US$ 757.83 +1.06% $156.7K Trade
Kraken
ETF token SPYx/USD · xStocks · min order $0.5
More metrics
24h change
+0.20%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 749.56 -0.05% $125.2K Trade
MEXC
Best price
 ETF token SPYXUSDT · xStocks · 1 token ≈ 1.0057 shares
More metrics
24h change
-0.18%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0% / 0.08%
 US$ 748.06 -0.81% $58.5K Trade
OKX
ETF token XSPY-USDC · xStocks · min order $7.48
More metrics
24h change
-0.35%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 747.98 -0.26% $47.3K Trade
Gate
ETF token SPYG_USDT · gStocks · min order $3
More metrics
24h change
-0.25%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0.2% / 0.2%
 US$ 749.24 -0.09% $42.2K Trade
Gate
ETF token SPYX_USDT · xStocks · 1 token ≈ 1.0057 shares · min order $3
More metrics
24h change
-0.14%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0.2% / 0.2%
 US$ 750.17 -0.53% $24.1K Trade
Gate
ETF token SPYON_USDT · Ondo · min order $3
More metrics
24h change
-0.31%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
Fees (maker/taker)
0.2% / 0.2%
 US$ 749.40 -0.07% $18.7K Trade
Ethereum
Onchain spot token SPYon · Ondo
More metrics
24h change
-0.07%
On-chain liquidity
$92.4K
Open interest
—
Funding rate
—
Max leverage
—
 US$ 757.55 +1.02% $7.1K Trade
Pintu
ETF token SPYXIDR · xStocks · 1 token ≈ 1.0057 shares
More metrics
24h change
+0.53%
On-chain liquidity
—
Open interest
—
Funding rate
—
Max leverage
—
 US$ 750.85 -0.44% — Trade
Binance
Most active
 ETF perpetual SPYUSDT · min order $5
More metrics
24h change
-0.11%
On-chain liquidity
—
Open interest
—
Funding rate
0.0000%
Max leverage
—
 US$ 750.89 +0.16% $66.29M Trade
Bybit
ETF perpetual SPYUSDT · min order $5
More metrics
24h change
-0.01%
On-chain liquidity
—
Open interest
$17.36M
Funding rate
0.0000%
Max leverage
100×
 US$ 751.03 +0.16% $9.60M Trade
OKX
ETF perpetual SPY-USDT-SWAP · min order $7.51
More metrics
24h change
-0.09%
On-chain liquidity
—
Open interest
$10.97M
Funding rate
0.0000%
Max leverage
50×
 US$ 750.96 +0.10% $5.98M Trade
Gate
ETF perpetual SPY_USDT · min order $7.51
More metrics
24h change
-0.07%
On-chain liquidity
—
Open interest
$2.65M
Funding rate
0.0000%
Max leverage
75×
Fees (maker/taker)
-0.0075% / 0.075%
 US$ 751.13 +0.10% $2.83M Trade
BingX
ETF perpetual NCSKSPY2USD-USDT · min order $2
More metrics
24h change
-0.08%
On-chain liquidity
—
Open interest
—
Funding rate
-0.0050%
Max leverage
—
Fees (maker/taker)
0.02% / 0.05%
 US$ 750.88 0.00% $2.62M Trade
MEXC
ETF perpetual SPY_USDT · min order $0.75
More metrics
24h change
+0.08%
On-chain liquidity
—
Open interest
$14.73M
Funding rate
0.0000%
Max leverage
100×
Fees (maker/taker)
0% / 0.02%
 US$ 750.41 +0.05% $2.38M Trade
Bitget
ETF perpetual SPYUSDT · min order $5
More metrics
24h change
-0.11%
On-chain liquidity
—
Open interest
$8.92M
Funding rate
0.0000%
Max leverage
50×
Fees (maker/taker)
0.02% / 0.06%
 US$ 750.87 +0.14% $915.9K Trade
Aster
ETF perpetual SPYUSDT · min order $5
More metrics
24h change
-0.21%
On-chain liquidity
—
Open interest
—
Funding rate
0.0000%
Max leverage
—
 US$ 750.60 +0.12% $306.6K Trade

Outside regular US market hours the underlying price and premium are indicative only.

Historical trends

Premium and price history

Premium over the last 30 days

Over the last 30 days we recorded hourly token prices for SPY on 8 venues (721 hours of data).

On average, OKX XSPY-USDT tracked the stock most closely (-0.02%), while Solana SPYx drifted the most (+1.24%).

In hours when several venues had prices, Gate SPYX_USDT was the cheapest 77% of the time.

On weekdays the average gap to the stock was 0.30%; on weekends it widened to 0.40%, because only token traders set the price while the stock market is closed. Watch the premium when buying on weekends.

VenueAvg. premiumWeekend avg.Cheapest share of time
Solana SPYx+1.24%+1.85%6%
Binance SPYBUSDT-0.03%-0.06%0%
OKX XSPY-USDT-0.02%-0.04%0%
Kraken SPYx/USD-0.15%-0.17%0%
MEXC SPYXUSDT-0.28%-0.33%16%
OKX XSPY-USDC-0.12%-0.13%0%
Gate SPYG_USDT-0.03%-0.04%0%
Gate SPYX_USDT-0.56%-0.55%77%

Stock token premium to the underlying

  • Solana · SPYx
  • Binance · SPYBUSDT
  • OKX · XSPY-USDT
  • MEXC · SPYONUSDT
-2%+0%+2%+4%+6%11-0911-1011-1111-1211-1311-1411-15Solana · SPYxMEXC · SPYONU…Binance · SPY…OKX · XSPY-US…
Show daily data
DateSolana · SPYxBinance · SPYBUSDTOKX · XSPY-USDTMEXC · SPYONUSDT
2026-11-15+2.10%+0.05%+0.06%+1.06%
2026-11-14+2.33%-0.02%+0.03%+1.04%
2026-11-13+2.05%+0.02%+0.03%+1.10%
2026-11-12+0.67%-0.02%+0.01%+0.98%
2026-11-11+1.15%-0.01%0.00%+0.98%
2026-11-10+1.80%-0.01%-0.03%+0.97%
2026-11-09+1.50%-0.05%-0.04%+0.95%
2026-11-08+3.93%-0.18%-0.11%+1.15%

Underlying price

730.00740.00750.00760.00770.0011-0911-1011-1111-1211-1311-1411-15749.91
Show daily data
DateUnderlying price
2026-11-15749.91
2026-11-14748.20
2026-11-13750.30
2026-11-12760.53
2026-11-11756.95
2026-11-10752.12
2026-11-09754.34
2026-11-08736.70

Perpetual funding rate history (per 8 hours)

  • Binance · SPYUSDT
  • Bybit · SPYUSDT
  • OKX · SPY-USDT-SWAP
  • Gate · SPY_USDT
-0.10%-0.05%+0.00%+0.05%11-0911-1011-1111-1211-1311-1411-15Binance · SPY…Bybit · SPYUS…OKX · SPY-USD…Gate · SPY_US…
Show daily data
DateBinance · SPYUSDTBybit · SPYUSDTOKX · SPY-USDT-SWAPGate · SPY_USDT
2026-11-150.0000%0.0000%0.0000%0.0000%
2026-11-140.0000%0.0000%0.0000%0.0000%
2026-11-13+0.0261%0.0000%+0.0236%+0.0006%
2026-11-12+0.0098%0.0000%+0.0025%+0.0028%
2026-11-110.0000%0.0000%0.0000%0.0000%
2026-11-10+0.0112%0.0000%+0.0012%+0.0064%
2026-11-090.0000%0.0000%0.0000%0.0000%
2026-11-080.0000%0.0000%0.0000%0.0000%

Average funding rates

Venue7-day average30-day averageAnnualized
Binance SPYUSDT+0.0035%+0.0035%+3.85%
Bybit SPYUSDT-0.0007%+0.0015%+1.68%
OKX SPY-USDT-SWAP+0.0017%+0.0025%+2.70%
Gate SPY_USDT+0.0049%+0.0026%+2.82%
BingX NCSKSPY2USD-USDT+0.0078%+0.0048%+5.21%
MEXC SPY_USDT+0.0035%+0.0035%+3.84%
Bitget SPYUSDT+0.0053%+0.0053%+5.85%
Aster SPYUSDT+0.0076%+0.0048%+5.24%

Funding is shown per 8 hours (hourly venues such as Hyperliquid are converted); when positive, longs pay shorts. Annualized figures use the 30-day average, or the 7-day average when there are fewer than 14 days of data, and actual costs change with the market. Estimate holding costs

Shaded bands mark regular US trading hours; stats include only tokens with a known share ratio and enough liquidity. How we calculate

Asset verification

Official contract addresses (avoid fakes)

Many copycat tokens use the same name on-chain. Only trust the issuer-published addresses below and double-check the address in your wallet or swap page before buying.

IssuerChainsContract addressCopy
Ondo SPYon Solana k18WJU…92ondo
Ondo SPYon Ethereum 0xFeDC…612c08
Ondo SPYon BNB Chain 0x6a70…1C331a
xStocks SPYx Solana XsoCS1…BbDF2W
xStocks SPYx Ethereum, BNB Chain, Arbitrum, Optimism, Mantle, HyperEVM, Ink, X Layer 0x90a2…f2dd48
xStocks SPYx TON EQB1fy…IHAJZv
xStocks SPYx Tron TKN6A3…rhGqNz

Know before trading

Before trading / FAQ

Which venues list SPY ETF tokens & perpetuals?

The tracked venues include Binance, OKX, Bybit, Gate, Bitget, MEXC, BingX, Kraken, Pintu, Aster, Solana, Ethereum. Check the product type for each ETF tokens & perpetuals listing, along with the venue's location and account restrictions.

Can SPY ETF tokens & perpetuals be traded on weekends?

Most venues trade at weekends, but while the stock market is closed prices are set only by traders and can drift further: over the last 30 days the average gap was 0.40% on weekends versus 0.30% on weekdays.

What is the minimum order for SPY ETF tokens & perpetuals?

The lowest minimum order across venues is currently about $0.5 (Kraken). For on-chain swaps, also check route limits, liquidity and network fees.

How many shares is one SPY token?

Not always exactly one. When issuers reinvest dividends, the shares behind each token slowly increase. Per the venues' published figures: SPYXUSDT on MEXC = 1.005714560286254 shares, SPYX_USDT on Gate = 1.005714560286254 shares, SPYXIDR on Pintu = 1.005714560286254 shares. Compare prices using shares per token; the premiums on this page already do.

What is the difference between the SPY token versions?

SPY has token versions issued by bStocks, xStocks, Ondo. They track the same stock but are issued and held by different institutions, cannot be swapped for each other directly, and differ in price, liquidity and where they trade. Common symbols: SPYx, SPYB, SPYon, SPYG. Check the symbol and issuer before buying.

Do SPY stock token holders get dividends?

bStocks: see Binance's product terms for how dividends are handled. xStocks: dividends are reinvested after tax, raising the shares each token represents. Ondo: dividends are also reinvested into the value of each token. Perpetuals only track the price and pay no dividends; some venues adjust contracts around ex-dividend dates under their own rules.

New to terms like premium or funding rate? See the glossary →

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