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StandX
An order book perps venue margined in DUSD, its own yield-bearing dollar. The book is deliberately narrow, about a dozen markets, and roughly a third of it is equities and commodities rather than crypto.
$59.45M
Open interest
$344.60M
24h volume
13
Live markets
2m ago
Last refresh
polled live
Mechanics
How it works
Positions are collateralised in DUSD, a stablecoin the protocol issues against delta-neutral positions, so the margin asset itself carries yield and its peg is part of the venue's risk rather than an external assumption. Matching is a central order book with an oracle mark. Funding settles hourly at the standard 0.00125% baseline.
Risk
What to watch
Margin is denominated in DUSD, not USDC or USDT, so a depeg is a direct loss on collateral rather than an inconvenience. The published API documentation states an eight hour funding interval; the settlement history shows hourly, and we ingest the measured value rather than the documented one. Market count is small, so a single listing carries a large share of venue open interest.
Markets
What StandX lists
Deepest first.