Perpetual Markets Data Infrastructure

Index perp trades, funding rates, liquidations, and open interest across Hyperliquid, dYdX, GMX, and other on-chain derivatives protocols.

A position crosses the liquidation threshold. The liquidation bot fires. The transaction confirms. Your risk dashboard updates 12 seconds later because the indexer polled too slowly. The cascade is already underway by the time your system knows it started.

Perpetual markets run at high speed with high stakes. Traders, market makers, and protocol operators need trade data, funding snapshots, and liquidation events indexed within seconds, not buried in transaction logs. Indexing Co indexes every fill, rate update, and forced close across Hyperliquid, dYdX, GMX, Synthetix, and custom perp contracts.

Use Cases

Trade and Position Tracking Every order, fill, and position change across perpetual DEXs. Open interest by market, trader, and direction. Historical PnL by wallet. Indexing Co streams fill events to your database as blocks confirm, so trading terminals and risk dashboards work with current data.

Funding Rate Monitoring Funding rate snapshots across venues and markets. Rate divergences between Hyperliquid, GMX, and dYdX create arbitrage opportunities that close in minutes. Indexing Co captures rate update events with block-level timestamps so your systems catch the window, not the close.

Liquidation Events Liquidation transactions indexed in real time with position size, collateral seized, and liquidation price. Risk dashboards need this data to track cascades as they develop. Liquidation bots need it to find opportunities before competing bots do.

Market Maker Infrastructure Position changes, fill rates, fee rebates, and hedge ratios across multiple perp venues from a single pipeline. Indexing Co delivers the structured event stream trading desks need to run market-making operations without maintaining separate indexers for each protocol.

How It Fits

sub-500ms (dedicated infra): Liquidation and funding events reach your system within seconds of confirmation
Multi-venue support: Hyperliquid, dYdX, GMX, Synthetix, and custom perp contracts from one platform
Custom schemas: Map protocol-specific events: order types, margin modes, fee tiers, into your data model
Historical backfill: Replay complete trade histories through the same pipeline definition used for live streams
Direct delivery: Stream events to your PostgreSQL, BigQuery, or webhook endpoint

Key Numbers

100+ chains supported
sub-500ms block-to-database on dedicated infrastructure
1B+ events/day processed across all pipelines
99.9% uptime across production pipelines

FAQ

Can I track liquidations, funding rates, and open interest in real time?

Yes. Pipelines can decode the core event streams that perp venues emit and deliver them immediately to your database or alerting systems.

Does this support venue-specific schemas like Hyperliquid or GMX?

Yes. You control the transformation logic, so protocol-specific fields like margin mode, fee tier, maker or taker role, and liquidation reason can be normalized before storage.