Mastertp/About

About Mastertp

Traditional finance, as it trades on-chain. Tesla, Apple, gold, Brent crude, the S&P 500 — they all exist now as on-chain perpetual contracts and tokenized real-world assets. Mastertp is a registration-free aggregator that compares their prices across thirteen perpetual venues, alongside the supply curves of the underlying tokenized assets.

01What this is

Mastertp aggregates 410+ underlying assets across 13 venues: nine perpetual DEXes and CEX-perpetuals (Binance, Bitget, BitMEX, Bybit, Gate, Hyperliquid, MEXC, OKX, KrakenFut), plus on-chain RWA supply data (Etherscan + DefiLlama), Pyth oracle reference prices, and RSS news feeds from Coindesk, The Block, and DL News.

For each underlying we publish a median fresh price (across venues that ticked within the last 60 seconds) and the cross-venue spread — the gap between the lowest and highest fresh quote. These are the two numbers a cross-venue aggregator must get right.

02Why on-chain TradFi matters

Three trends overlap. First, HIP-3 deployer DEXes on Hyperliquid opened up permissionless listing of perps on TradFi underlyings — xyz, flx, vntl, km and cash now host TSLA, AAPL, NVDA, GOLD, Brent, S&P 500 and Korean / Japanese equities as on-chain perpetuals.

Second, tokenized stocks (xStocks: AAPLX, NVDAX, METAX, CRCLX) trade as ERC-20 / SPL tokens with custodial backing. Their on-chain prices typically diverge from the underlying spot — sometimes consistently at a premium, sometimes at a discount — and that delta is itself a signal.

Third, Pre-IPO synthetics on Ventuals let traders take exposure to private companies like Anthropic, SpaceX, OpenAI, Stripe, Databricks and Epic before they list. These prices exist nowhere else.

03Methodology

Median across fresh venues

Fresh windowrecv ≤ 60 s
Aggregationmedian (not VWAP)
Excludedinternal_ref (Pyth) — ADR-011 forbids redistribution
Stale handlinggrayed in detail rail; not counted in median
Spread(max − min) / median across fresh venues

We use median rather than VWAP because we don't yet collect per-venue volume reliably across all 13 sources. Median is robust to a single venue outlier and works well when 3–5 venues are active. Once volume is harmonized end-to-end, VWAP will become the default.

04Data sources

  • WS (AWS_arbit direct): Binance, MEXC, Bitget, Gate, Hyperliquid (5 deployer dexes)
  • Push (Man_server hub): OKX, Bybit, BitMEX, BingX, KrakenFut
  • RWA on-chain supply: Etherscan V2 — PAXG, BUIDL, USYC and 137 RWA tokens
  • RWA TVL + Stablecoins: DefiLlama — top 137 RWA tokens, 362 stablecoins
  • Reference prices: Pyth Hermes SSE — 42 feeds (US/KR/JP equities, metals, FX) for internal cross-checks only, never republished
  • News: RSS — Coindesk, The Block, DL News

05Limitations

This is an aggregator, not a venue. We don't broker trades, custody assets, or accept funds. All prices are observational — there's a propagation delay (typically 0.2–2 seconds) between a venue's tick and our median. For execution you must visit the venue directly.

Cross-venue spread is not an arbitrage instruction. Real arbitrage requires accounting for funding, fees, slippage, withdrawal limits, KYC, and venue counterparty risk. We surface the gap; you evaluate the edge.

Pre-IPO synthetics are illiquid. ANTHRP, SPACEX, OPENAI quotes come from Ventuals (HL deployer dex). Volume is thin. Treat them as discovery prices, not consensus prices.

06Trademarks & logos

Company names and ticker symbols are trademarks of their respective owners. Mastertp uses them solely to identify the underlying asset of each on-chain instrument. We are not affiliated with, endorsed by, or sponsored by any of the companies listed. Takedown requests can be sent via the contact link in the footer.

07Contact

Bug reports, data corrections, takedown requests, partnership: [email protected]. Source code lives at the parent project; this site is one of several services under mastertp.com.