SPYx/USDC 0.10%
LiveDefiLlama · 14/14 pools live · updated 25 Sept, 17:23 SGT
TVL
$3.2M
Volume 24h
$2.9M
Vol / TVL
92%
Pool fee APR (to LPs)
51.5%
61.3% before protocol cut
Price (USDC)
773.3161
Net Yield Truth Label
+56.8%
est. net APR at the defaults below
Your fees ≈ pool fee APR 51.5% (LPs' 84% of 61.3%; the protocol keeps the rest) × range concentration 1.25× × time in range 99%
Assumed: the average pool dollar behaves like a ±10% range. We can't read this pool's tick liquidity (Solana pools aren't supported yet), so this is the fallback, not a measurement.
- • TVL is under $5M, so fee APR moves a lot day to day.
- • SPY only trades in US market hours; this pool trades 24/7. News and earnings land while you can't hedge, and arbitrage reprices the pool in one step at the open (largest daily move in the last 59 days: 1.9%). Out of range below means you hold only the stock.
How this is estimated
- Pool fee APR = trading fees ÷ TVL, from 7-day average volume where available, times the share of fees LPs actually receive. Uniswap v3 (fee switch), PancakeSwap v3 and Aerodrome (unstaked LPs) keep a cut that we read on-chain; Raydium's 84% LP share is from its docs. Token incentives, points and airdrops are excluded.
- That is what an average pool dollar earns. For EVM pools we measure how concentrated that dollar is on-chain: the pool's active liquidity within about a day's typical move of the price, compared with its TVL (idle, out-of-range liquidity counts in TVL but earns nothing).
- Where we can't read the pool (Solana, or an RPC failure) we fall back to assuming the average dollar behaves like a ±0.5% (stable), ±10% (stock), ±25% (blue-chip) or ±50% (volatile) range, and say so.
- A tighter range earns proportionally more per $ while in range, a wider one less. The advantage is capped at 3×, and your fee APR at 100%.
- Fees only accrue in range. We use the expected share of the horizon in range for a driftless random walk sized by your typical move.
- IL drag = expected loss vs holding at the horizon for your concentrated position, annualized as if you reset the range every horizon.
- Not modelled: compounding, JIT/MEV competition, rebalancing swaps, and fee APR changing over the horizon.
- Range (Coach)
- 711.4509 – 835.1814
- Capital · horizon
- $10,000 · 30d
- Typical move (1σ) · gas
- ±4% · $1
Range Studio — how would this range have done?
Liquidity around the price
We can't read tick liquidity for Raydium CLMM on Solana yet, so the Truth Label assumes the average pool dollar behaves like a ±10% range. Treat the net as less certain than for pools we measure.
S&P 500 ETF (SPY) as an LP position
- Realized move, 30d (1σ)
- ±4.1%
- Worst day (last 59)
- 1.9%
- LP fee APR · median day
- 51.5% · 25.8%
- Token family
- xStocks
Market hours
Pool contract 6truu3rZuiB9rKQg4VYC3Dt3QwV7DgwGqXrYUcrvnDDE