Current Price
$752.16
0.01%
24h Volume
$30
USD Volume
SPY Market Highlights
Asset TypeSpot Market
BlockchainHyperliquid L1
Price BasisUSDC-Collateralized
Max Leverage1x (Spot)
24h Trading Volume$30
LiquidityHigh / Institutional Grade
About SPY Spot
SPY trading on Dexly offers a secondary non-custodial interface to the Hyperliquid ecosystem. The SPY spot market allows for direct ownership and exchange of SPY tokens against USDC. All trades are settled on-chain on the Hyperliquid L1, ensuring transparency and security.
How Leverage Works
Leverage allows you to control a larger position with a smaller amount of capital. For example, with 10x leverage, a $1000 deposit allows you to trade $10,000 worth of SPY. While this amplifies potential profits, it also increases the risk of liquidation if the price moves against your position.