onchain markets.
Market read2026-08-06 21:50 UTC

Pre-IPO is leading the market today.

Pre-IPO moved +7.75% over 24h on $32.7M of volume across 10 markets — the largest leading move of any class we track. tradeXYZ holds 40% of 30d perp volume. Tightest measured spread is under 0.05bps.

See the venue data →
Pre-IPO 24h+7.75%
Best spreadunder 0.05bps
Crypto528
$4.39B
+2.23%
Equities450
$3.13B
-0.14%
Pre-IPO10
$33M
+7.75%
Commodities11
$884M
+1.51%
Indices11
$868M
-0.19%
ETFs24
$341M
+2.83%

Sector heat

colour is the 24h move
Semis & AI Hardware14$1.7B+0.85%Energy7$506.8M+2.79%Space & Defense2$444.1M+4.09%AI18$368.0M-0.53%Compute10$92.8M-0.46%Crypto Stocks9$80.4M-2.41%EV & Mobility4$26.4M-0.40%Biotech & Pharma3$3.3M+1.90%Nuclear & Uranium2$216K+0.78%

Venue share

30d volume
tradeXYZ40%
Hyperliquid33%
Lighter12%
Variational8%
Extended4%
QFEX1%

Signals

View all
tradeXYZ share, 30d40.3%
Tightest spread · BTC<0.05
Markets tracked1044
New this week12
Last book walk2026-08-06

New Listings Radar

Newly detected markets across tracked venues — incl. unmapped

12 newLIVE
SOXLDirexion Daily Semiconductor Bull 3X Sharesmapped

New market from HIP-3 deployer xyz.

tradeXYZetf · perp
4h agoTRADE →
CASHCATCASHCATmapped

New market detected on Lighter.

Lightercrypto · perp
5h agoTRADE →
NCLDNCLDmapped

New market from HIP-3 deployer xyz.

tradeXYZstock · perpliq $550
6h agoTRADE →
LYTELYTEmapped

New market from HIP-3 deployer xyz.

tradeXYZstock · perp
7h agoTRADE →
GOOGLAlphabet (Google)mapped

New market detected on Extended.

Extendedstock · perp
8h agoTRADE →
SPACEXSpaceXmapped

New market detected on Extended.

Extendedipo · perp
8h agoTRADE →
GEVGE Vernovamapped

New market from HIP-3 deployer xyz.

tradeXYZstock · perpliq $168
1d agoTRADE →
KORUKORUmapped

New market from HIP-3 deployer xyz.

tradeXYZstock · perpliq $124
1d agoTRADE →
UNITREEUnitree Roboticsmapped

New market detected on Lighter.

Lightercrypto · perp
1d agoTRADE →
UNITREEUnitree Roboticsmapped

New market from HIP-3 deployer xyz.

tradeXYZstock · perpliq $372
1d agoTRADE →
BXBlackstonemapped

New market detected on QFEX.

QFEXstock · perp
1d agoTRADE →
RDDTRDDTmapped

New market detected on QFEX.

QFEXstock · perp
1d agoTRADE →

Funding Spread Scanner

Cross-venue funding arbitrage, net of fee/borrow assumptions

LIVE
ASSETROUTESPREAD/8HNET APRLIQ 24HCONF
RIVER
RIVER
LONG Lighter/SHORT Variational
Long Lighter (25% ann.) vs short Variational (855% ann.).
75.8 bps827.7%$9Klow
ZBT
ZEROBASE
LONG Extended/SHORT Variational
Long Extended (11% ann.) vs short Variational (791% ann.).
71.2 bps777.9%-low
US
Talus
LONG Extended/SHORT Variational
Long Extended (77% ann.) vs short Variational (809% ann.).
66.9 bps730.2%$3Klow
ARK
ARK
LONG Hyperliquid/SHORT Variational
Long Hyperliquid (11% ann.) vs short Variational (665% ann.).
59.8 bps652.4%$7Klow
ALT
AltLayer
LONG Variational/SHORT Hyperliquid
Long Variational (-642% ann.) vs short Hyperliquid (-11% ann.).
57.7 bps629.4%$420low
MELANIA
Melania Meme
LONG Hyperliquid/SHORT Variational
Long Hyperliquid (11% ann.) vs short Variational (562% ann.).
50.3 bps548.8%$3Klow

Market data from our own pipeline, captured 2026-08-06 21:50 UTC. Every figure carries its source — hover the i beside a metric. Not trading advice. Full venue analytics.

SEARCH⌘K