Decibel Trade now offers onchain perpetual futures for three popular exchange-traded funds: SPY, QQQ, and EWY. The move brings decentralized derivatives to some of the most liquid ETFs in the world, allowing traders to hold positions around the clock.
What the platform now supports
The three ETFs cover a broad swath of the market. SPY tracks the S&P 500, QQQ follows the Nasdaq-100, and EWY focuses on South Korean equities. Decibel Trade’s onchain perpetuals for these funds run on a blockchain, meaning trades settle continuously without relying on traditional exchange hours.
A round-the-clock market
Conventional ETF derivatives stop trading when stock exchanges close. Onchain perpetuals do not. That difference could reshape how traders manage risk and liquidity. The ability to open or close a position at 3 a.m. on a Sunday changes the game for those who need to react to news or shift exposure quickly.
Impact on liquidity and risk
Continuous trading can alter liquidity patterns. During off-hours, order books may be thinner, which could lead to sharper price moves. Traders will need to adjust stop-losses and margin strategies accordingly. The market – and the platform – will have to prove it can handle volatility at any hour.
For now, Decibel Trade is focusing on these three ETFs. The company hasn’t said whether it will add more funds. That decision likely depends on user demand and how the onchain structure holds up under real trading conditions.
