Data & Methodology

Definition

The notional of every fill in the window, each match counted once.

Calculation method

Sum of each fill’s notional (size × fill price, in AUSD). Whole UTC days inside the window come from per-day fill sums, the two partial edges are read fill by fill: the same rows as one scan.

Data source

Indexed fills (Trade) from the Perpl Exchange’s events

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts PostgresAnalytics.protocolMetrics → #windowTotals (WINDOW_TOTALS_SQL, DAY_TOTALS_SQL); windowSplit.ts

Definition

Open positions on ONE side of the book at the mark: every long lot is matched by a short lot, so one side is the open interest.

Calculation method

Per market, open size × mark price from Perpl’s market state, summed across markets. The history chart is the index’s cumulative lots at each day’s close × that day’s close mark.

Data source

Perpl API (GET /v1/pub/context); history from the index

Time window

Now: a level, not a window

Refresh frequency

Not available

Code: packages/shared/src/venues/perpl.ts toOpenInterest, PerplVenue.getOpenInterest; apps/web/src/lib/oiHistory.ts

Definition

The number of fills in the window.

Calculation method

A count of indexed fills, with the same whole-day and edge split as volume.

Data source

Indexed fills (Trade)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts #windowTotals (WINDOW_TOTALS_SQL)

Definition

Distinct accounts with at least one fill, as maker or taker. An account trading three markets is one trader.

Calculation method

Whole UTC days from the per-account day rows with a fill, the edges from the fills themselves, de-duplicated across both.

Data source

Indexed fills (Trade) and per-account days (TraderDay)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts ACTIVE_TRADERS_SQL via #windowTotals

Definition

The rate one side pays the other at each settlement. Positive means longs pay shorts. Perpl settles about every 43 minutes.

Calculation method

Each settlement’s stored rate ÷ 1,000 = percent per settlement. Tables show the mean per settlement over the window and the latest; the heatmap averages per UTC day (per week at All). APR = the current rate × settlements a year, simple, not compounded, assuming the rate holds.

Data source

Indexed funding settlements (FundingEvent); the interval from the Perpl API, else measured

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Modelled: APR is the current rate projected over a year, not a forecast.

Code: packages/shared/src/analytics/pg.ts funding, fundingSeries; map.ts fundingUnitsToPct; apps/web/src/lib/funding.ts aprPct

Definition

Maker plus taker fees paid on Perpl.

Calculation method

The sum of each market’s daily fee total. Taker fees have no finer timestamp than the UTC day, so this is the only exact total. The rolling maker-only part is shown separately as maker fees.

Data source

Indexed per-market days (MarketDay)

Time window

Whole UTC days from the window’s first day through today so far ("last 7 whole days + today"), or All

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts #metricsOver (FEES_SQL), #fees

Definition

Profit or loss locked in when a position is reduced or closed. Funding is kept separately.

Calculation method

Summed from the account’s day rows; per round trip from the position. Computed by the indexer from the Exchange’s position events.

Data source

Indexed positions and per-account days (Position, TraderDay)

Time window

Whole UTC days from the window’s first day through today so far ("last 7 whole days + today"), or All

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts traderDays (TRADER_DAYS_SQL), roundTrips

Definition

The profit or loss an open position would realise at the current mark.

Calculation method

side × size × (mark − entry), with side +1 for a long and −1 for a short.

Data source

Open positions (from the index on a public profile; from Perpl’s live account stream in the bot), priced at Perpl’s mark

Time window

Now: a level, not a window

Refresh frequency

Not available

Code: packages/shared/src/risk/liquidation.ts unrealizedPnlCNS; risk/metrics.ts positionMetrics

Definition

Realised PnL plus funding, less trading fees (maker and taker).

Calculation method

realised + funding − fees, one definition in the indexer, summed over the account’s UTC days. Round-trip results, win rate and profit factor are BEFORE fees and are labelled so.

Data source

Indexed per-account days (TraderDay)

Time window

Whole UTC days from the window’s first day through today so far ("last 7 whole days + today"), or All

Refresh frequency

Not available

Code: apps/indexer/src/lib/entities.ts netPnl; packages/shared/src/analytics/pg.ts TRADER_SOURCE_WINDOW

Definition

Accounts with at least one closed round trip whose net PnL (after fees and funding) is above zero.

Calculation method

Counted among accounts with a fill in the window, over whole UTC days, shown as "x of y".

Data source

Indexed per-account days (TraderDay)

Time window

Whole UTC days from the window’s first day through today so far ("last 7 whole days + today"), or All

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts traderSummarySql

Definition

Not availablePerpGuard computes no average PnL. The trader summary computes a median net PnL (withheld under 10 traders), which no page shows today.

Calculation method

Not available

Data source

Not available

Time window

Not available

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts traderSummarySql (median_pnl)

Definition

Top PnL and Top losses (net PnL, at least 10 round trips), Volume, Liquidated (accounts liquidated in the window) and Flows (largest net money in or out).

Calculation method

Each board is one ordering of the per-account figures. Win rate and profit factor are withheld under 10 round trips. ROI is lifetime net PnL over lifetime deposits, withheld under 100 AUSD deposited.

Data source

Indexed per-account days and liquidations (TraderDay, Liquidation)

Time window

Whole UTC days for P&L and flows; at 24H, volume, trades and liquidations are the rolling 24 hours

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts TRADER_RANKING, tradersSql, TRADER_SOURCE_24H

Definition

Positions closed by the Exchange’s liquidation, in the window.

Calculation method

A count of indexed liquidations.

Data source

Indexed liquidations (Liquidation)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts LIQUIDATION_SQL via #metricsOver

Definition

The notional liquidated: each liquidation’s size × its execution price, summed.

Calculation method

Sum of each liquidation’s notional. Margin lost (the drop in the position’s deposit) is shown per row and is not a loss of money: part of it is credited back to the account.

Data source

Indexed liquidations (Liquidation)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts LIQUIDATION_SQL (notional); apps/indexer/src/handlers/liquidations.ts

Definition

"Rescuable": the trader’s free AUSD at the moment of liquidation would have covered the top-up that kept the position above maintenance margin.

Calculation method

Free balance before ≥ margin to survive > 0, where margin to survive is the collateral that would have kept the position exactly at maintenance at the mark it was liquidated at. A position whose entry price the index never saw cannot be judged and is excluded from the denominator.

Data source

Indexed liquidations and the account’s free balance

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Modelled: A counterfactual: it assumes the trader would have added the margin in time.

Code: apps/indexer/src/handlers/liquidations.ts (wasRescuable); packages/shared/src/risk/liquidation.ts marginToSurviveCNS

Definition

"Potentially avoidable losses": the realised loss (P&L plus funding) of the rescuable liquidations.

Calculation method

Summed once per event; trading and liquidation fees are left out, so it understates. A top-up keeps the position open; it does not undo the price move.

Data source

Indexed liquidations (Liquidation)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Modelled: A counterfactual over the rescuable set.

Code: packages/shared/src/analytics/pg.ts LIQUIDATION_SQL (rescuable_loss)

Definition

The mark at which a position is liquidated: where its margin falls to the market’s maintenance requirement. Perpl margin is isolated, per position.

Calculation method

Maintenance = entry price × size ÷ the market’s maintenance leverage; liquidation price = entry + side × (maintenance − deposit − funding) ÷ size.

Data source

Positions (index or Perpl API); maintenance margin per market from the Perpl API

Time window

Now: a level, not a window

Refresh frequency

Not available

Code: packages/shared/src/risk/liquidation.ts maintenanceMarginCNS, liquidationPricePNS

Definition

The long side’s share of the isolated margin open on a market, with the number of positions on each side beside it. Never notional: on an order book open size is equal on both sides by construction.

Calculation method

Long margin ÷ (long + short margin), over the index’s open positions.

Data source

Indexed open positions (Position)

Time window

Now: a level, not a window

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts MARKET_BREAKDOWN_SQL (long_margin, short_margin)

Definition

Every open position re-priced at each step from −50% to +50% of the mark, in 0.5% steps, and counted as liquidated when it is then past maintenance.

Calculation method

The risk engine’s own position maths applied at the shocked mark, once per position per rung. A fall closes longs and a rise closes shorts; no figure adds the two.

Data source

Indexed open positions, priced with Perpl marks and margin parameters; insurance balances from the contract

Time window

Now: a level, not a window

Refresh frequency

Not available

Modelled: A static price shock.

Code: packages/shared/src/analytics/exposure.ts buildRiskSnapshot, LADDER_MOVES

Definition

The ladder’s ±5% and ±10% rungs: positions, notional and loss beyond collateral each move would liquidate, one direction at a time.

Calculation method

Read off the same ladder. "All markets" assumes every market moves together, the worst case rather than the likely one.

Data source

As the ladder

Time window

Now: a level, not a window

Refresh frequency

Not available

Modelled: A static shock; it does not model the path, funding, keeper timing or the book.

Code: packages/shared/src/analytics/exposure.ts buildRiskSnapshot

Definition

Each open position with the least adverse move that liquidates it; the largest exposed are listed.

Calculation method

The first rung, in the position’s adverse direction, at which it is past maintenance.

Data source

As the ladder

Time window

Now: a level, not a window

Refresh frequency

Not available

Code: packages/shared/src/analytics/exposure.ts buildRiskSnapshot (positions)

Definition

Not availableNot modelled. The index has no order book, so no figure estimates slippage or whether the book could absorb a liquidation; every Risk figure is exposure, not realised loss.

Calculation method

Not available

Data source

Not available

Time window

Not available

Refresh frequency

Not available

Code: packages/shared/src/analytics/exposure.ts RISK_STATEMENTS

Definition

AUSD deposited into Perpl accounts in the window.

Calculation method

Sum and count of indexed deposits.

Data source

Indexed collateral flows (CollateralFlow)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts COLLATERAL_FLOW_SQL via #metricsOver

Definition

AUSD withdrawn from Perpl accounts in the window.

Calculation method

Sum and count of indexed withdrawals.

Data source

Indexed collateral flows (CollateralFlow)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts COLLATERAL_FLOW_SQL

Definition

Deposits minus withdrawals. Not a change in balance, which also moves on P&L, funding, fees and liquidations.

Calculation method

deposited − withdrawn over the same rows.

Data source

Indexed collateral flows (CollateralFlow)

Time window

Rolling: the last 24 hours, 7 days or 30 days, or All (since Feb 11, 2026)

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts #flowStats

Definition

Perpl accounts opened since launch.

Calculation method

Accounts counted by the month they were created, summed.

Data source

Indexed accounts (Trader.createdAt)

Time window

All: since Feb 11, 2026

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts HISTORY_ACCOUNTS_SQL via history()

Definition

Volume, trades, deposits, withdrawals and liquidations from the Exchange’s deployment to now; and the exchange balance rebuilt forward from launch.

Calculation method

The All window of the same queries. The balance is indexed deposits − withdrawals + the protocol treasury’s own deposits − withdrawals, reconciled against the contract at one block.

Data source

The index, and a scan of the treasury’s own events over the RPC

Time window

All: since Feb 11, 2026

Refresh frequency

Not available

Code: packages/shared/src/analytics/pg.ts protocolMetrics("all"); apps/backend/src/exchangeBalance/treasuryScanner.ts