Skip to content

Demonstration data — not live and not venue-verified. Equity perpetuals are derivatives, not shares.

Why this label

EPIC

The Equity Perpetuals Intelligence Company

Understand equity perpetual markets before you trade them.

Track funding, basis, liquidity, reference pricing, contract terms, venue risk, corporate actions and 24/7 market dislocations across equity perpetual markets.

Compare the contract

Multiplier, collateral, fees, funding clock and corporate-action policy, venue by venue.

Understand the carry

Funding direction, interval and a simple annualisation that is not a yield.

Assess the risk

Disclosure matrices and a reference-quality score. No safety badge.

Market matrix

Demonstration · Snapshot 25 Sep 2026, 20:00 UTC · Not a live feed, venue quotation, or verified term.

Illustrative equity perpetual matrix
UnderlyingVenueMarkReferenceBasisFundingDirectionCash stateConfidence
NVDANorthlineUS$178.73US$178.400.18%0.0097%Longs pay shortsSnapshot: after-hours67Limited reference quality
TSLANorthlineUS$248.94US$248.600.14%0.0078%Longs pay shortsSnapshot: after-hours65Limited reference quality
AAPLNorthlineUS$228.20US$228.150.02%0.0015%Longs pay shortsSnapshot: after-hours67Limited reference quality
MSFTNorthlineUS$428.68US$428.90-0.05%-0.0015%Shorts pay longsSnapshot: after-hours70Tradable reference, moderate caution
AMZNNorthlineUS$196.31US$196.40-0.04%-0.0018%Shorts pay longsSnapshot: after-hours68Limited reference quality
METANorthlineUS$582.66US$582.300.06%0.0041%Longs pay shortsSnapshot: after-hours62Limited reference quality

The independent intelligence layer for equity perpetual markets.

EPIC is not an exchange, broker, custodian or adviser. It does not tell you what to buy or sell, and it does not describe any venue as safe. The book on this site is a labelled demonstration so the terminal can be reviewed before live, source-backed feeds are connected.

Screen

Filter the book and compare up to four contracts. Save the filter set on your account.

Dispersion

See how far the same ticker sits apart across fictional venues.

Calendar

Sample events, US cash holidays and each venue's funding clock.

Lab

Constructed path, depth ladder, reference shock and a maintenance sketch.

Widest mark ranges

Dispersion desk

Range of snapshot marks for names listed on more than one venue. Not a pair to trade.

UnderlyingVenuesRangeFunding lowFunding high
COIN31.00%-0.0041%0.0321%
NFLX20.88%-0.0008%0.0302%
AMD30.68%-0.0064%0.0200%
SMH30.65%-0.0041%0.0204%
MU30.64%-0.0114%0.0055%

Largest |funding| prints

Open
  • COIN · Harbor0.0321%Longs pay shorts
  • NFLX · Harbor0.0302%Longs pay shorts
  • SMH · Harbor0.0204%Longs pay shorts
  • AMD · Harbor0.0200%Longs pay shorts
  • ARM · Harbor-0.0192%Shorts pay longs

Largest |basis|

Open
  • COIN · Harbor0.90%Not an arbitrage signal
  • NFLX · Harbor0.84%Not an arbitrage signal
  • ARM · Harbor-0.65%Not an arbitrage signal
  • SMH · Harbor0.55%Not an arbitrage signal
  • AMD · Meridian0.55%Not an arbitrage signal

Illustrative moves in the snapshot

Open
  • NDX · Northline3.69%Not a live tape
  • SOXX · Northline3.60%Not a live tape
  • COIN · Harbor3.60%Not a live tape
  • META · Aperture3.55%Not a live tape
  • DIA · Aperture3.31%Not a live tape

What is an equity perpetual?

A cash-settled contract that references a share, ETF or index and does not expire. It does not make you a shareholder. Funding, margin, the mark and the corporate-action clause are part of the product, and they are written by the venue.

Read the primer

Why the same ticker can behave differently

Collateral, funding interval, maximum leverage, out-of-hours mark method and dividend treatment are not implied by the ticker. EPIC keeps the venue’s raw label next to a normalised field, and leaves a blank as “not disclosed”.

Read the note

Names in the demonstration book

All markets

NVDA

NVIDIA Corporation

3 venues

US$178.73

Closest mark to the reference anchor. Not a recommendation.

Median basis-0.41%
24h notional1.54bn USD
Up3.22%

TSLA

Tesla, Inc.

3 venues

US$248.49

Closest mark to the reference anchor. Not a recommendation.

Median basis0.14%
24h notional1.5bn USD
Down-0.59%

COIN

Coinbase Global, Inc.

3 venues

US$214.38

Closest mark to the reference anchor. Not a recommendation.

Median basis0.09%
24h notional525.98m USD
Up0.12%

SPY

SPDR S&P 500 ETF Trust

3 venues

US$572.65

Closest mark to the reference anchor. Not a recommendation.

Median basis-0.08%
24h notional723.02m USD
Down-1.02%

Latest research

EPIC Data API

Normalised equity-perpetual data, when a licence exists.

The developer page documents the contract. This demonstration does not expose a live market-data endpoint.

Read the API notes