Want to trade the S&P 500 at 3 a.m. on a Sunday with 50x leverage and no broker in sight? Decibel Trade just made that possible.
The Aptos-based trading platform went live with perpetual futures contracts for three major index ETFs on June 5: SPY (tracking the S&P 500), QQQ (tracking the Nasdaq-100), and EWY (tracking the MSCI South Korea index). These aren’t tokenized versions of stocks or synthetic wrappers. They’re fully onchain perpetual contracts, running on a central limit order book that never closes.
What Decibel is actually offering
The leverage tiers tell you something about how the platform is thinking about risk. SPY, the most liquid ETF on the planet, gets up to 50x leverage. QQQ, slightly more volatile with its tech-heavy composition, caps at 30x. EWY, which tracks a smaller and more volatile South Korean equity market, tops out at 15x.
All three markets operate around the clock. Traditional stock exchanges close at 4 p.m. ET, shut down on weekends, and take holidays off. Decibel’s onchain order book doesn’t care about any of that.
