Equity indices · US equity index · S&P 500
S&P 500 perpetual (SPYUSDT) on QATS Prop
S&P 500 (SPYUSDT) is a USDT-margined perpetual future you can trade on QATS Prop TradFi challenges, one of 33 instruments on that line. It is priced from Binance, takes leverage up to 10× on the current plans, trades around the clock and never expires.
Compiled by the QATS team from the live instrument catalogue · checked
SPYUSDT at a glance
- Symbol
SPYUSDT, a USDT-margined perpetual future with no expiry- Challenge
- QATS Prop TradFi challenges
- Priced from
- Binance
- Listed on
- Binance and Bybit
- Max leverage
- Up to 10× on the current plans, chosen per order
- Funding
- The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L
- Risk day
- Starts at 17:00 Chicago time, an accounting boundary, not a pause
- Hours
- 24/7; the fund trades 09:30–16:00 New York
What is S&P 500?
The S&P 500: five hundred of the largest American companies in one instrument.
SPY is the fund that tracks the S&P 500, the benchmark for the US stock market. Companies are weighted by size, so the largest technology groups carry the most influence.
It is the reference point for risk appetite worldwide. Earnings, interest-rate expectations and the outlook for growth move it; on a normal day it moves about one percent, which makes it one of the calmest instruments on the shelf.
- Tracks
- S&P 500 index
- Fund
- SPDR S&P 500 ETF Trust
- Holdings
- About 500 large US companies
What moves the price of S&P 500?
- Interest-rate expectations
- The expected path of Federal Reserve policy sets the value of future earnings.
- Corporate earnings
- Four reporting seasons a year, led by the largest technology companies.
- Economic data
- Inflation and jobs reports change both growth and rate expectations.
- Risk sentiment
- Geopolitical shocks and credit stress show up here first.
What do traders watch?
- Federal Reserve decisions
- US inflation and jobs data
- Earnings of the largest companies
When does SPYUSDT trade?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
What are the risks of trading S&P 500 on a prop account?
- This is a perpetual contract: it has no expiry, and its price can sit slightly above or below the market it follows.
- The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.
Related instruments
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Frequently asked questions
01Can I trade S&P 500 with a prop firm?
Yes. S&P 500 (SPYUSDT) is on QATS Prop TradFi challenges as a USDT-margined perpetual, priced from Binance. It is listed on Binance and Bybit, has no expiry and trades 24/7.
02What leverage can I use on SPYUSDT at QATS Prop?
Up to 10× on the current plans. You choose the leverage of each order up to that ceiling; the account’s daily loss limit and maximum loss still apply to the position.
03When can I trade SPYUSDT?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
Educational content, not investment advice. This page describes what the market is and does not forecast its price. Evaluation and Funded accounts are simulated; Live Funded is real capital by separate review. Which instruments an account can trade is set by its plan and checked on every order.
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