D.Terminal  /  TradFi perpetuals
TradFi perpetuals

Stocks, metals and indices, as perpetuals

Equity and commodity perpetuals are now listed across several crypto venues, but each venue shows you only its own. The TradFi panel gathers nearly two hundred instruments from eight venues into one sortable list — with the basis against the cash reference right next to the price.

~200TradFi instruments
8Venues merged
Basisvs cash reference
EarningsHistory & calendar
The TradFi panel: every venue's stock, index and commodity perps in one list.
The TradFi panel: every venue's stock, index and commodity perps in one list.

One list, every venue

Tokenised equity perps are fragmented: a name might trade on three venues at three different funding rates, and the venue you happen to have open is rarely the best one. The panel merges them — price, volume, open interest, funding and basis, sortable on any column, with the venue shown per row.

Basis is the point

A stock perpetual is only as useful as its relationship to the underlying. Each row carries the basis against the cash reference, which is what tells you whether a funding rate is compensation for a real dislocation or just crowding. Sorting by basis is often more informative than sorting by volume.

Company data and earnings

Selecting a name opens its chart, its per-venue perp statistics, and a fundamentals block — the financial history you would otherwise open a separate terminal for. Earnings dates appear both here and in the Calendar panel, ranked by expected impact, because an equity perp held through an unexpected print is a different instrument than it was the day before.

Instrument news

Each name has its own news tab, filtered to that instrument rather than the whole market — so a single-stock move has an explanation attached to it.

A caution worth stating. Tokenised stock perpetuals do not trade on the same schedule or with the same depth as the underlying equity. Liquidity thins outside cash hours, and the basis can move sharply on a gap. Size accordingly, and check the venue's leverage bracket before assuming the ticket's default applies.

Correct routing, quietly

Distinguishing a tradfi perpetual from a crypto perpetual is not something the symbol name reliably tells you, and getting it wrong sends an order to a venue that has no such market. Routing is resolved from the instrument's own metadata rather than from the ticker string.

Questions & answers

The panel merges the tradfi perpetual listings from all eight connected venues, including Hyperliquid's HIP-3 builder DEXes and Arcus. Coverage differs per venue and each row shows where it trades.

Yes. Every row carries the basis against the cash reference alongside price, funding and open interest, and the list can be sorted by it.

The perpetuals do, but liquidity is not constant — depth thins outside cash-market hours and the basis can gap. This is the main practical difference from trading the underlying equity.

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