QQQ
SPY
Index
QQQ ⇄ SPY
103.33
+3.33% since 2026-08-27 · 7d +2.83%The hundred largest on Nasdaq against the five hundred. Long is long Invesco QQQ and short SPDR S&P 500 ETF Trust.
Index, 26 daily closes━ index · ━ QQQ alone · ┅ SPY alone (rebased to 100)
Node not answeringPaper venuewaiting for a read
Mark (settled)103.3267
Spot index—
Last daily close102.6725
QQQ · SPY$745.36 · $772.31
The slow clock here is the time-weighted mean of this page's own reads (up to 30 min); AmphiBook keeps the same mean on chain, updated on every poke.
Your paper positions
Connect a wallet to start a paper session with $10.00K of test USDG. Nothing is sent on chain.
The pair in numbers
30d realised vol8.2%
Correlation of the legs0.86
High · low102.67 · 99.16
1d · 7d · all+1.45% · +2.83% · +2.67%
Base day2026-08-27 · $719.90 / $770.75
Where each leg is priced
SPY · SPDR S&P 500 ETF Trust$772.31
Token0x117c…4c0c ↗
Skew and escrow, at any book
There is no shared book on the paper venue yet, so this is the formula, not a reading. Drag the open interest.
75% long25% short
Crowded side pays0.40 bp/h (35.0% a year)
Thin side is paid0.60 bp/h on its own OI
To the vault, per day$288.00
Vault escrow, net (at 3× margin)$1.13M vs $1.60M gross
How the mark, the cap and the skew work: two clocks · escrow · skew.