Institutional Fair Value for
Crypto Perpetual Markets
Traditional equity markets close at 4pm.
Crypto synthetic equity perps trade 24/7.
Get institutional-grade fair value when Bloomberg terminals go dark.
Trusted by AI trading bots, market makers, and crypto hedge funds trading SPY-PERP, QQQ-PERP, TSLA-PERP, and other synthetic equity perpetuals.
The 24/7 Fair Value Problem
Crypto synthetic equity perpetuals (SPY-PERP, QQQ-PERP, TSLA-PERP) trade around the clock across Hyperliquid, Avantis, Aevo, Drift, and Vertex.
But institutional fundamentals only exist during market hours (9:30am-4pm ET, Mon-Fri).
Traditional Markets
Crypto Perpetuals
Without a fundamental anchor, you're trading against orderbook noise:
- → Overpay during thin liquidity
- → Miss mean-reversion opportunities
- → Get liquidated on event-driven moves
- → Can't distinguish rich vs cheap
Traditional markets have institutional infrastructure.
Crypto perps have been guessing.
Until now.
Institutional Fundamentals, 24/7
SigmaGrid applies traditional equity derivatives models to crypto perpetual markets, providing the fundamental anchor that's been missing from DeFi.
We don't just show you orderbook prices.
We tell you what the price should be.
Fair Value Anchors
Real-time institutional fair value for SPY, QQQ, IWM (indices) and TSLA, AAPL, NVDA, META, GOOGL, AMZN, MSFT (MAG7).
- →Based on equity market fundamentals
- →Volatility surface modeling
- →Macro sensitivity coefficients
- →Drift and regime analysis
Cross-Venue Intelligence
Track pricing across all major venues: Hyperliquid, Avantis, Aevo, Drift, Vertex.
- →Which venue is mispricing vs fair value
- →Premium compression opportunities
- →Funding-adjusted arbitrage
- →Divergence z-scores (cross-venue spread)
Event Risk Protection
Automated suppression triggers for high-impact events: FOMC rate decisions, CPI/inflation releases, quarterly earnings, geopolitical shocks.
- →Event countdown timers
- →Expected impact classification
- →Directional bias (risk-on/risk-off)
- →Volatility forecasts (1h, 4h, overnight)
Four Layers of Intelligence
Institutional Equity Models Applied to Crypto Perps
We don't trade crypto perpetuals ourselves. We model the underlying equities using institutional-grade infrastructure, then project fair value onto 24/7 perp markets.
What you get:
- →Fair value estimate (not just mid-price)
- →Volatility forecasts (1h, 4h, overnight windows)
- →Drift estimates (directional bias)
- →Regime classification (trend, chop, high-vol, low-vol)
- →Macro sensitivity (beta to rates, dollar, vol index)
Why it matters:
At 3am on Saturday, SPY-PERP might trade at $586 due to thin liquidity. Our fair value stays anchored at $585.20 (based on Friday's close, futures pricing, and overnight macro moves). You get a reference point when no one else has one.
Cross-Venue Arbitrage Opportunities
Crypto perp venues don't share liquidity. This creates persistent mispricings.
Example:
Mean-reversion opportunity: 50bp spread
We calculate:
- →Premium/discount per venue (vs fair value)
- →Divergence z-score (historical context)
- →Mean-reversion probability
- →Funding-adjusted expected returns
Trade the inefficiency, not the noise.
Know When NOT to Trade
Not all market conditions are tradeable.
We classify real-time market regime:
Plus structural stress indicators:
- →Microstructure breakdown (orderbook degradation)
- →Transition probability (regime about to shift?)
- →Shock index (elevated tail risk)
Suppression triggers auto-flag: 'Market conditions unsuitable for systematic strategies. Recommended action: reduce exposure.'
Protecting capital is alpha.
Simple Integration, Pay-Per-Use
No subscriptions. No minimums. No lock-in.
/signals/{ticker}/premium/{ticker}/arbitrage/{ticker}Authentication: Authentication: x402 micropayments
Cost: Cost: $0.0001 - $0.01 per query (depending on endpoint)
Integration time: Integration time: <5 minutes
Language support: Language support: Any HTTP client (Python, Node, Rust, etc.)
Who Uses SigmaGrid
AI Trading Bots
Your bot trades SPY-PERP at 2am on Sunday. Is $585.80 a good entry, or are you buying into noise?
Query SigmaGrid fair value: $585.20 → You're 60bp rich → Wait for mean-reversion → Save 60bp on entry
Market Makers
Provide liquidity across multiple venues. Need accurate pricing to avoid adverse selection.
Use SigmaGrid fair value as pricing anchor: → Quote bid/ask around institutional FV → Detect when one venue is stale → Adjust spreads during high-vol regimes
Crypto Hedge Funds
Build systematic strategies on synthetic equity perps. Need high-quality data for backtesting.
Access full historical data: → Fair value time series (12+ months) → Regime classifications → Divergence events → Event impact analysis
Portfolio Managers
Monitor multi-venue perp exposure 24/7. Need alerts for risk events.
Set up monitoring dashboards: → Real-time fair value vs positions → Event countdown timers → Regime transition alerts → Cross-venue divergence warnings
Built by Quants, For Quants
"Crypto perpetual markets needed what traditional equities have had for decades: institutional-grade fundamentals. We built it."
Team Backgrounds:
- → Elite university
- → 20+ years in equity derivatives at global investment banks
- → Built systematic market-making infrastructure for institutional flow
- → Expertise in volatility modeling, microstructure, and quantitative strategies
- → Built and operated across Layer 1s and DeFi protocols
- → Multiple shipped products across crypto infrastructure
Why we built this:
Our team spans institutional TradFi and crypto-native DeFi. Crypto perps had no fundamental anchor. Bots were trading blind. So we bridged the gap with institutional-grade fair value models.
Live Performance Metrics
Fair Value Accuracy (6-Month Rolling)
Largest edge during:
Methodology:
We compare our fair value vs simple cross-venue mid-price averaging. For each prediction, we measure which estimate was closer to the actual price 1-hour and 4-hours later.
All metrics are publicly auditable.
Pay Per Query (x402 Protocol)
Pay-per-use via x402 micropaymentsNo subscriptions. No minimums. No hidden fees.
You only pay for what you use. Stop anytime.
x402 micropayments mean you're charged per API call.
Signals
Master consolidated view
/v1/signals/{ticker}- fair_value
- regime
- drift_1h
- vol_forecast
- event_context
Specialized Views
Focused data surfaces
/v1/drift/v1/regime/v1/events/v1/premium/v1/arbitrage- Directional bias
- Risk sizing
- Macro events
- Arbitrage metrics
Bulk Access
Multi-ticker and historical
/v1/snapshot/v1/historical- Multi-ticker snapshots
- Historical time series
- Volume-based pricing
Frequently Asked Questions
Start Trading with Institutional Signals
See It Live
View our public monitoring dashboard:
Read the Docs
Complete API documentation: