RWA Perps
The RWA Perps dashboard tracks perpetual futures markets tied to real-world reference assets. Unlike the main RWA dashboard, which tracks tokenized assets with onchain supply and market capitalization, the perps dashboard tracks derivative markets that provide margined, cash-settled price exposure to assets such as public equities, commodities, bonds, ETFs, and equity indices. These markets do not confer ownership of, or redemption rights in, the underlying real-world asset.
All entries on the RWA Perps dashboard belong to the RWA Perps category.
Dashboard Guide
Overview Tab
The Overview tab is the default view and provides a market-level picture of all tracked RWA perpetual contracts.
Top-Level Metrics
Four summary cards appear at the top of the page:
Total Open Interest
Aggregate USD notional of all outstanding perpetual contracts across all tracked venues. Shown with a 24-hour percentage change.
Total 24h Volume
Aggregate USD notional volume traded across all tracked markets in the last 24 hours. Shown with a 24-hour percentage change.
Total Markets
Count of individual perpetual markets being tracked.
Est. Protocol Fees 24h
Estimated fees earned by all tracked protocols from trading activity in the last 24 hours.
Visualization
Below the metrics cards is an interactive visualization that can be toggled between three views using the tabs:
Open Interest — a treemap or chart showing the distribution of open interest across markets, grouped by Asset Group or Base Asset.
Volume — the same visualization using 24-hour trading volume instead of open interest.
Markets — a count-based view showing how many markets exist per group.
The visualization supports multiple chart types (Treemap Chart is the default), can be nested by Base Asset or Asset Group, and is exportable as CSV or PNG. Hovering over a segment shows the parent group, child asset, open interest or volume value, share of parent, and share of total.
Markets Rankings Table
A searchable, sortable table lists every tracked perpetual contract. The table has a configurable column selector and can be exported as CSV. Default columns are:
Contract
Ticker symbol of the perpetual futures contract as listed on the venue.
Venue
Protocol or exchange where the perpetual contract is listed and traded.
Base Asset
Underlying real-world asset the perpetual contract tracks (e.g. Crude Oil (WTI), Tesla, Gold).
Asset Group
Broader grouping of the base asset used for dashboard aggregation (e.g. Oil, Public Equities, Precious Metals).
Asset Class
High-level economic category of the underlying asset. See the Asset Class Taxonomy below.
Open Interest
Total USD value of outstanding perpetual contracts that have not been settled or closed.
24h Volume
Total USD notional volume traded on this contract in the last 24 hours.
Price
Latest traded price of the perpetual contract in USD.
24h Price Change
Percentage change in contract price over the last 24 hours.
Latest Funding Rate
Most recent periodic funding rate paid between long and short position holders. Positive means longs pay shorts.
Premium
Percentage difference between the perpetual contract price and the underlying asset's spot or index price.
Max Leverage
Maximum leverage multiplier available for this contract on the venue.
Additional columns available via the column selector include:
Category
Classification category for the market entry (all entries belong to RWA Perps).
Parent Platform
Parent protocol or platform that operates the venue.
Margin Asset
Margin currency used by the market (e.g. USDC, USDT).
Settlement Asset
Cash-settlement currency for the contract (e.g. USDC, USDT, USDH).
Issuer
Entity responsible for issuing or managing the underlying real-world asset.
Oracle Provider
Oracle service used for price feeds on the contract.
RWA Classification
Classification label assigned to the entry. See Methodology & Metrics.
Access Model
Whether trading the contract requires KYC, permissioning, or is permissionlessly accessible.
Maker Fee
Fee rate charged to the maker side of a trade on this contract.
Taker Fee
Fee rate charged to the taker side of a trade on this contract.
Deployer Fee Share
Percentage of protocol fees allocated to the deployer of the market.
Cum. Funding / Unit
Cumulative funding payments per unit of the contract since inception.
Oracle Px
Latest oracle price for the underlying asset.
Mid Px
Mid-market price of the perpetual contract.
Prev Day Px
Closing price of the contract from the previous day.
Volume 7d
Total USD notional volume traded on this contract over the last 7 days.
Volume 30d
Total USD notional volume traded on this contract over the last 30 days.
Volume All Time
Total USD notional volume traded on this contract since inception.
Est. Protocol Fees 24h
Estimated fees earned by the protocol from trading activity on this contract in the last 24 hours.
Est. Protocol Fees 7d
Estimated fees earned by the protocol from this contract over the last 7 days.
Est. Protocol Fees 30d
Estimated fees earned by the protocol from this contract over the last 30 days.
Est. Protocol Fees All Time
Total estimated fees earned by the protocol from this contract since inception.
Venues Tab
The Venues tab provides a venue-level view, aggregating market data across all contracts listed on each protocol or exchange.
Venue Filters
A row of venue pills allows filtering by specific venue. Selecting "All" shows aggregated data across all venues.
Venue Chart
An interactive stacked area chart shows historical open interest, volume, or market counts per venue over time. The chart can be filtered by Base Asset and is exportable as CSV or PNG.
Venues Table
A table below the chart lists each venue with the following columns:
Venue
Name of the protocol or exchange.
Open Interest
Total USD open interest across all markets on the venue.
% of Total OI
Venue's share of total open interest across all tracked venues.
24h Volume
Total USD volume across all markets on the venue in the last 24 hours.
% of Total 24h Volume
Venue's share of total 24-hour volume.
Markets
Count of individual perpetual markets listed on the venue.
Column Definitions
The tables below document every column on the RWA Perps dashboard. For columns shared with the main RWA dashboard (such as Access Model and Issuer), see Definitions & Taxonomy.
Market Identification
Contract
Ticker symbol of the perpetual futures contract as listed on the venue.
Venue
Protocol or exchange where the perpetual contract is listed and traded.
Base Asset
Underlying real-world asset the perpetual contract tracks (e.g. Crude Oil (WTI), Tesla, Gold).
Asset Group
Grouping of the base asset by product family, used for dashboard aggregation.
Asset Class
High-level economic category of the underlying asset, such as commodities, equities, or fixed income. See the Asset Class Taxonomy below.
Canonical Market ID
Venue-qualified market identifier used when the entry is a market rather than a token contract, such as xyz:GOLD or cash:GOLD-USDT. This is the canonical internal market slug, not the frontend trading pair.
Pair
Displayed trading pair or quote convention for perpetual markets, such as GOLD-USDC or TSLA-USDT. Use x when the row is not a market or when no pair is applicable.
Margin Asset
Margin currency used by the market, such as USDC or USDT.
Settlement Asset
Cash-settlement currency for the contract, such as USDC, USDT, or USDH. This shows the settlement unit used by the market rather than the tracked underlying.
Parent Platform
Parent protocol or platform that operates the venue.
Oracle Provider
Oracle service used for price feeds on the contract.
Reference Asset
Normalized exact asset, benchmark, ETF, company, or commodity tracked by the market. Used for exact cross-venue alignment and exact-asset dashboard pages. Examples: Gold, Silver, S&P 500, Tesla, Crude Oil (WTI).
Reference Asset Group
Broader user-facing grouping used to pull related markets into a single dashboard view across venues. Examples: Oil, Precious Metals, Public Equities, Equity Indices. See the Asset Group Taxonomy in Definitions & Taxonomy.
Market Metrics
Open Interest
Total USD value of outstanding perpetual contracts that have not been settled or closed. This replaces Onchain Marketcap as the primary sizing metric for perps.
24h Volume
Total USD notional volume traded on the contract in the last 24 hours.
Price
Latest traded price of the perpetual contract in USD.
24h Price Change
Percentage change in contract price over the last 24 hours.
Latest Funding Rate
Most recent periodic funding rate paid between long and short position holders. A positive rate means longs pay shorts; negative means shorts pay longs.
Premium
Percentage difference between the perpetual contract price and the underlying asset's spot or index price. A positive premium means the perp trades above spot.
Max Leverage
Maximum leverage multiplier available for the contract on the venue.
Maker Fee
Fee rate charged to the maker side of a trade on this contract.
Taker Fee
Fee rate charged to the taker side of a trade on this contract.
Deployer Fee Share
Percentage of protocol fees allocated to the deployer of the market.
Cum. Funding / Unit
Cumulative funding payments per unit of the contract since inception.
Oracle Px
Latest oracle price for the underlying asset, as reported by the contract's oracle provider.
Mid Px
Mid-market price of the perpetual contract, calculated as the midpoint between best bid and best ask.
Prev Day Px
Closing price of the contract from the previous day.
Volume 7d
Total USD notional volume traded on the contract over the last 7 days.
Volume 30d
Total USD notional volume traded on the contract over the last 30 days.
Volume All Time
Total USD notional volume traded on the contract since inception.
Est. Protocol Fees 24h
Estimated fees earned by the protocol from trading activity on this contract in the last 24 hours.
Est. Protocol Fees 7d
Estimated fees earned by the protocol from this contract over the last 7 days.
Est. Protocol Fees 30d
Estimated fees earned by the protocol from this contract over the last 30 days.
Est. Protocol Fees All Time
Total estimated fees earned by the protocol from this contract since inception.
Asset Class Taxonomy
All entries on the RWA Perps dashboard fall under the RWA Perps category. Within that category, each market is assigned one of the following asset classes.
Stock Perp
Perpetual markets that track the price of an individual public company's equity. They provide margined, cash-settled equity exposure and do not confer ownership of the underlying shares.
ETF Perp
Perpetual markets that track the price of an exchange-traded fund. They provide margined, cash-settled fund exposure and do not represent ownership of fund shares or redemption rights.
Equity Perp
Perpetual markets that track a public-equity benchmark or basket. They provide margined, cash-settled index exposure rather than a directly backed token or ownership claim on constituent shares.
Commodity Perp
Perpetual markets that track a commodity or commodity benchmark, such as gold or crude oil. They provide margined, cash-settled commodity exposure and do not represent title to physical inventory.
Bond Perp
Perpetual markets that track a bond or bond benchmark, such as government bonds, bond ETFs, or fixed-income indices. They provide margined, cash-settled fixed-income exposure and do not represent ownership of the underlying securities.
Perp Venue
Venues that list and operate perpetual markets tied to real-world reference assets such as public equities, ETFs, equity indices, bonds, and commodities.
Key Differences from the Main RWA Dashboard
The RWA Perps dashboard differs from the main RWA dashboard in several important ways:
Primary sizing metric. The main dashboard uses Onchain Marketcap and Active Marketcap to measure asset size. The perps dashboard uses Open Interest (outstanding notional exposure) instead, since perpetual contracts do not have a circulating token supply in the traditional sense.
No redemption or attestation flags. Perpetual contracts are cash-settled derivatives and do not represent direct claims on underlying assets. The evidence flags (Attestations, Redeemable) that are central to the main dashboard's classification framework do not apply to perps.
Venue-centric structure. Each market on the perps dashboard is tied to a specific venue. The same underlying asset (e.g. Tesla) may have separate entries for each venue that lists a perpetual contract for it. The Venues tab provides aggregated venue-level metrics.
Funding rate and premium. These metrics are unique to perpetual markets and reflect the cost of maintaining leveraged positions and the divergence between perp and spot prices.
Reference Asset and Reference Asset Group. These fields enable cross-venue comparison by normalizing the underlying asset name across different venues that may use different contract tickers for the same exposure. The Reference Asset Group taxonomy is shared with the main RWA dashboard and is documented in Definitions & Taxonomy.
Last updated
Was this helpful?