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.
The 24/7 Fair Value Gap
Crypto synthetic equity perpetuals trade around the clock on venues like Hyperliquid and Veranta (formerly Avantis). But institutional fundamentals only exist during market hours.
Traditional markets have institutional infrastructure.
Crypto perps have been guessing. Until now.
One Command to Start
No signup. No API keys. Copy a free endpoint and run it yourself.
curl -s https://api.sigmagrid.app/v1/signals/TSLAInstitutional Fundamentals, 24/7
We apply traditional equity derivatives models to crypto perpetual markets. We don't show you orderbook prices. We tell you what the price should be.
Fair Value Anchors
Fair value for the seven largest US tech stocks (TSLA, NVDA, AAPL, MSFT, META, AMZN, GOOG) plus SPY and QQQ. Based on the underlying equity, volatility and macro sensitivity.
Macro Mispricing Detection
Compare perpetual prices against macro-adjusted fair value — not just against each other. Detect when the entire market is mispriced versus fundamentals, even when all venues agree.
Event Risk Protection
Event-risk detection for FOMC, CPI, earnings, and geopolitical shocks. Countdown timers, impact classification, directional bias, and volatility forecasts.
Four Layers of Intelligence
Institutional Equity Models Applied to Crypto Perps
We model the underlying equities, then project fair value onto 24/7 perp markets.
Example: at 3am Saturday a TSLA perp keeps trading while the stock market is shut. Fair value gives you a reference point anchored to the underlying, not to the perp's own book.
Macro Mispricing Detection
Compare perp prices against macro-adjusted fair value, not just against each other. When every venue agrees, they can still all be wrong.
Example: every venue quotes the same price, but all of them sit well below macro-adjusted fair value. A cross-venue comparison sees nothing; a fair-value comparison does.
Know When NOT to Trade
Not all market conditions are tradeable. We classify regime and risk indicators.
Event-risk flags: 'Elevated event risk — consider reducing exposure before announcement.' Protecting capital is alpha.
Simple Integration, Pay-Per-Use
No subscriptions. No minimums. No lock-in. x402 micropayments per query.
Any HTTP client with an x402 payment library works: Python, Node, Rust.
Machine-Readable by Design
Agents can find, price and call SigmaGrid without a human in the loop.
Who Uses SigmaGrid
AI Trading Bots
Is this a good entry at 2am Sunday? Check the perp against fair value before you trade, and check what your size costs on each venue.
Market Makers
Quote bid/ask around institutional fair value. Detect stale venues. Adjust spreads during high-vol regimes.
Crypto Hedge Funds
Fair value time series, regime classifications and event context for research and strategy development.
Portfolio Managers
Fair value against open positions, upcoming events, regime changes and cross-venue premiums.
No Published Track Record Yet
We are not publishing accuracy or edge figures until there is a live record to back them.
Live record
Pay Per Query
x402 micropayments. No subscriptions. No minimums. You only pay for what you use.
Single Signal
8 focused endpoints
/v1/fair-value/v1/premium/v1/spread/v1/funding/v1/regime/v1/regime-basic/v1/event-risk/v1/eventsRich Data
Snapshots, history, drift and execution cost
/v1/alpha-snapshot/{ticker}/v1/historical/{ticker}/v1/drift/{ticker}/v1/liquidity/{ticker}Bulk Access
Multi-ticker snapshots
/v1/snapshot/v1/alpha-snapshot/batchWhat Your Size Costs, Venue by Venue
The cheapest venue for a $10k order is not always the cheapest for $1m. Thin books get expensive fast, so the best venue can change as size grows. The size where it changes is the crossover.
- Cost in basis points per venue at $10k, $100k and $1m, from an order-book walk or the published spread
- The cheapest venue at each of those sizes
- The crossover size on a 13-step grid from $10k to $2.5m, on trading cost alone and with the one-way opening fee added
- Each venue's fee, size cap and 24h volume, and why any venue was left out (not listed, no live price, market closed)
- Costs exclude fees unless stated; fees are listed separately so you can add your own
- A figure marked approximate came from an aggregated book rather than individual levels
- SPY and QQQ have no tradeable perp on these venues, so they are fair value only and this route refuses them
| Ticker | Venue | $10k | $100k | $1m | Crossover (trading cost) |
|---|---|---|---|---|---|
| TSLA | Hyperliquid | — | — | — | — |
| Veranta (formerly Avantis) | — | — | — | ||
| NVDA | Hyperliquid | — | — | — | — |
| Veranta (formerly Avantis) | — | — | — | ||
| AAPL | Hyperliquid | — | — | — | — |
| Veranta (formerly Avantis) | — | — | — | ||
| MSFT | Hyperliquid | — | — | — | — |
| Veranta (formerly Avantis) | — | — | — | ||
| META | Hyperliquid | — | — | — | — |
| Veranta (formerly Avantis) | — | — | — | ||
| AMZN | Hyperliquid | — | — | — | — |
| Veranta (formerly Avantis) | — | — | — | ||
| GOOG | Veranta (formerly Avantis) | — | — | — | One venue only, so no crossover |
Venue coverage is current. Cost figures will appear here once a dated snapshot is published; until then, call /v1/liquidity for live figures.
Frequently Asked Questions
SigmaGrid provides data and model outputs for information only. Nothing here is investment, financial, legal or tax advice, or a recommendation to buy, sell or hold anything. Fair values, signals and cost estimates are model estimates. They can be wrong, late or unavailable, and past or simulated results do not predict future results.
Trading perpetual futures carries a high risk of loss, including the loss of all the margin you post. You are responsible for your own decisions. Each paid call is charged when it is served, whatever the result, and there is no warranty of accuracy, completeness or uptime.
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