SPY/QQQ0.05% pool feeSnapshot · September 5, 2026
Reported TVL · day$1.8M
Volume · day$1.3M$635 reported fees
Gross fee APR · day12.93%Historical · before costs
Choose your colours
Otto lab / Experimental
The weekend has
its own market.
Follow token prices and equity perpetuals against the last US session. Find the dislocation. Then investigate what is behind it.
A focused watch · Robinhood Chain + XYZ perps
Where prices stand apart.
Reference: September 4, 2026 · Yahoo Finance. After-hours means the last available bar, which may precede the session end. These held references are not executable prices.
Checks every minute while visible · shared market cache 60s
AssetRH tokenLast Friday after-hoursToken gapXYZ perp markPerp gap
28.25DEX provider read · 09-07 · 05:16:13 UTC
27.82Yahoo · 09-04 · 23:59:54 UTC
+1.55%Per share equivalent
28.01XYZ observed · 09-07 · 05:16:13 UTC
+0.68%Separate derivative
146.79DEX provider read · 09-07 · 05:16:13 UTC
142.73Yahoo · 09-04 · 23:59:59 UTC
+2.84%Per share equivalent
145.01XYZ observed · 09-07 · 05:16:13 UTC
+1.60%Separate derivative
232.06DEX provider read · 09-07 · 05:16:13 UTC
229.50Yahoo · 09-04 · 23:59:59 UTC
+1.12%Per share equivalent
231.66XYZ observed · 09-07 · 05:16:13 UTC
+0.94%Separate derivative
355.78DEX provider read · 09-07 · 05:16:13 UTC
352.89Yahoo · 09-04 · 23:59:58 UTC
+0.82%Per share equivalent
355.29XYZ observed · 09-07 · 05:16:13 UTC
+0.68%Separate derivative
322.14DEX provider read · 09-07 · 05:16:13 UTC
320.01Yahoo · 09-04 · 23:59:58 UTC
+0.61%Per share equivalent
319.64XYZ observed · 09-07 · 05:16:13 UTC
-0.12%Separate derivative
186.76DEX provider read · 09-07 · 05:16:13 UTC
184.85Yahoo · 09-04 · 23:59:50 UTC
+1.03%Per share equivalent
186.47XYZ observed · 09-07 · 05:16:13 UTC
+0.88%Separate derivative
Observed gaps, before costs. A token and a perpetual carry different rights and risks.Market read · 09-07 · 05:16:13 UTC
Look beneath the gap
HIMS market context
Robinhood Chain token
- Holder addresses
- 6,551
- Pool reserves reported
- $2.5M
- DEX volume · past day
- $26.2M
- Token change · past day
- Unknown
Addresses include pools and contracts. Aggregate reserves are not executable depth; reported volume does not establish genuine demand.
Hyperliquid XYZ perpetual
- Mark change · past day
- +1.65%
- Open interest · USD equivalent
- $2.5M
- Notional volume · past day
- $657k
- Current hourly funding
- 0.0019%
Perps trade and can liquidate off-hours. Their weekend oracle can use internal market pricing, so it is not an independent US equity reference. Funding can change.
XYZ oracle mechanicsShare exposure check
Issuer multiplier: 1.00000000 shares per token. The token gap divides its observed price by this multiplier.
Issuer multiplier · Robinhood read · 09-07 · 05:16:13 UTCOtto execution evidence
Available inventory, borrow, sized hedge and completed cashflows: Unknown. No execution evidence is connected to this view. A displayed gap is not realized net profit.
Liquidity watch / Uniswap v4 · Robinhood Chain
Follow the fees. Understand the exposure.
Four pools, different inventory risks. Choose a pair to explore how its two assets move together, how a range changes exposure, and what the fee rate leaves out.
0 of 4 recent day-window readsChecking cached provider readings.
SPY/NVDA0.05% pool feeSnapshot · September 5, 2026
Reported TVL · day$829k
Volume · day$1.2M$595 reported fees
Gross fee APR · day26.22%Historical · before costs
SPY/AMZN0.05% pool feeSnapshot · September 5, 2026
Reported TVL · day$528k
Volume · day$2.7M$1k reported fees
Gross fee APR · day94.25%Historical · before costs
SPY/USDG0.30% pool feeSnapshot · September 5, 2026
Reported TVL · day$7.1M
Volume · day$4.8M$14k reported fees
Gross fee APR · day74.38%Historical · before costs
Gross fee APR is a historical annualization, not a forecast or your position’s return. Reported TVL is not exit capacity. Inventory can lose value while fees accrue.
Sources, timing and what these rates leave out
Recent rows use Revert’s day-window aggregates retrieved within the last 10 minutes. The timestamp is when Otto retrieved the provider response, not the last trade or an on-chain block time. Refresh checks the shared cached read; it does not force a new provider query. Exact day-window boundaries were not supplied.
Rows without a recent reading use the explicitly labelled September 5, 2026 snapshot, retrieved at 04:01–04:07 UTC. That day query returned 3,971 pools, including 28 issuer-to-issuer pairs and 796 issuer/USDG pairs. Those are dated query counts, not every pool on chain. All rates displayed above use the day window.
Revert supplies the gross fee APR and TVL for its day window; its TVL averaging method is not supplied. Your fee share depends on active liquidity, your range and time in range. Gross figures exclude divergence, gas, rebalancing, vault charges and exit costs. Reported TVL is not current executable liquidity.
The September 5 snapshot separately reported UNI/Merkl reward APRs of 3.16% for SPY/QQQ, 30.74% for SPY/NVDA and 26.82% for SPY/AMZN. These incentives are excluded above; current eligibility, budgets, expiry and claimable proceeds remain unverified.
Pool IDs match reconstructed zero-hook PoolKeys and issuer contract addresses. Identity checks do not establish current token controls or withdrawal capacity. USDe/USDG remains outside this shortlist pending Robinhood-specific issuer and bridge evidence.
Explore Revert’s pool discoverySelected pool / Interactive explainer
Illustration · no fees includedStress-test SPY / QQQ.
Robinhood Chain · Uniswap v4SPY/QQQ0.05% pool fee · no hookInspect this exact pool on Revert ↗
SPYAwaiting mark
QQQAwaiting mark
What is behind the fee rate?
Pool activity · provider day windowRecent activity for this selected pool is unavailable. Refresh the pool list above to check again. The dated list snapshot is not used in these calculations.
Equity / equity exposure
Both sides are equity tokens. Their relative price changes the LP inventory; both can fall together in dollars. Correlation does not remove that risk.
Recent pair marks are unavailable. The explainer uses relative moves; actual token quantities stay hidden until marks return. Reported liquidity is not executable depth. Pool fees are gross; the illustration below adds no fee income.
If SPY rises against QQQ, this position sells SPY and accumulates QQQ. See how your inventory changes, what you give up versus holding, and when your chosen range stops earning.
— Hold initial assets— LP inventory value
In dollars: SPY +50% · QQQ +0%. Both assets can fall even when their ratio holds.
Hypothetical ending inventory$1,0595.90% versus starting value
- Holding the same starting assets
- $1,250
- Shortfall versus holding (IL)
- $191 · 15.28%
- Token inventory
- Needs recent pair prices
Above range: all QQQ. This position stops earning swap fees until the ratio returns into range.
Fees needed to catch up with holding$191 + all costs
That historical pool rate does not determine your fee share. No fee income is added to this simulation.
Assumptions and what this leaves out
Starts 50/50 by value. Without recent pair prices, the dollar comparison uses normalized prices and does not claim real token quantities. Standard constant-product/concentrated AMM math, no rebalancing. Excludes trading fees, incentives, gas, slippage, funding, vault charges, taxes and custom v4 hook behavior. “Impermanent loss” is a shortfall against holding; it is separate from dollar loss and need not reverse. Stablecoins can depeg, and correlated stocks can diverge. A high displayed APR is not a forecast.
The concentrated range is a hypothetical 80–125% of the starting SPY/QQQ ratio, not an existing position or a recommended range. These four pool IDs were reconstructed from zero-hook PoolKeys and issuer-matched tokens. That establishes identity, not current depth, token transfer permissions or withdrawal capacity. Pool-level reported TVL cannot size your active-liquidity share. Price marks and fee statistics are separate provider reads.
Read Uniswap's concentrated liquidity mechanics ↗What would make a gap executable?
Same exposure, explicit clocks
The US references are dated observations from Yahoo Finance's unofficial public chart feed. Availability and coverage can vary. No current quote is substituted for a missing Friday observation. Token comparisons require the exact issuer deployment, a positive multiplier and no overlapping or pending corporate action. Comparisons expire when the next regular session starts.
Issuer API mechanicsLiquidity at the intended size
Check both sides, quote times, actual token inventory and an available borrow or hedge. Include fees, slippage, gas, approvals, funding and settlement without double-counting costs embedded in quote outputs. None of those are established by these price observations.
Primary issuance is a separate permission
Secondary trading does not prove access to minting or redemption. Authorized-participant eligibility, operating windows and settlement need venue-specific confirmation. The US holiday calendar alone does not establish an issuer's availability.
Robinhood token rights Base token mechanicsLP fees need their own accounting
Check the exact pool, fee and v4 hook. Fee share depends on active liquidity in range. Reconcile fees, remaining inventory, hedge costs and losses, then compare separately with holding the same assets. Repurchases and burns require realized results, authority and transaction evidence.
Uniswap fee mechanics