SPY stock token
richSPY is trading 20 bps above its oracle fair value on Robinhood Chain.
vs oracle (structural)
+20.0 bps
pool vs Chainlink
vs 24/7 perp (tradable)
—
no live perp market for this symbol
pool spread
+70.4 bps
cost to cross
pool mid767.67
oracle mid766.14
perp mark—
What this means
A stock token is a tokenized claim tracking SPY. It trades around the clock in Uniswap v4 pools, while its Chainlink reference price updates only while US markets are open. When those two diverge, the gap is a dislocation.
Not every dislocation is actionable. Measured against a frozen weekend oracle, a premium may be purely structural; measured against a live 24/7 perp, it is something you could actually hedge. That is why both numbers are shown above.
Information, not a recommendation. Stock tokens are Reg S instruments and are not available to US persons. Nothing here is an offer.