Live SPY Perpetual Futures Price

The SPY perpetual price on Phoenix is $764.6, a change of +0.05% over the last 24 hours. It's the mark price of the SPY perpetual, which can differ slightly from SPY prices quoted elsewhere.

Yes. SPY perpetuals trade on Phoenix, a fully on-chain perpetuals exchange on Solana. Connect a Solana wallet or sign in with email, deposit USDC or SOL, and trade SPY 24/7.

The SPY funding rate on Phoenix is 0.0000% per hour, or +0.42% annualized. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. Funding settles every hour.

SPY open interest on Phoenix is $13,832, with $5,052 traded over the last 24 hours.

Trading SPY perpetuals (perps) on Phoenix costs 0.035% for taker orders and 0.005% for maker orders, based on matched notional.

Yes. Phoenix accepts USDC and native SOL as collateral, and SOL counts toward margin at up to 80% of its value, so you can trade SPY without selling your SOL. Profit and loss settle in USDC.

Yes. SPY trades 24/7 on Phoenix. When the underlying market is closed, Phoenix prices SPY from its own order book, within 5% of the last external price.

No. SPY perpetuals give you exposure to the share price without owning shares. Profit and loss settle in USDC.

No. SPY perpetuals have no expiry date. A position stays open until you close it or it is liquidated, unless the market itself is settled or delisted under its listing terms.

Phoenix uses the mark price, not the last trade, to check account health and trigger SPY liquidations. The mark price is the median of an adjusted oracle price, the Phoenix order book price and the oracle price plus a smoothed average of the order book's gap to it, which reduces the risk of liquidations caused by a brief price spike.

The SPY trade screen on Phoenix shows the live order book, recent trades and an interactive chart. Developers can stream the same data through the Phoenix API, the Rise SDK and the Vulcan CLI.