Flying Tulip
Workspaces

Protocol workspace

Markets

What is trading across Flying Tulip, and under which public risk parameters.

wS-ftUSD

Sonicperps039e2f…ad38 / f7d85e…9c9c
Mark priceCurrent · 4m ago$0.0256Polled liquidation reference; distinct from the last traded price.
24h changeCurrent · 4m ago+1.93%Up over the last 24 hours.
Open interestCurrent · 4m ago$69.8KDollar value of positions currently open.
Funding rateCurrent · 4m ago4.09%Positive means longs pay shorts; percent per interval.
Max leverageCurrent · 4m ago10xA risk parameter the protocol sets — not a measurement.
Safe margin HFCurrent · 4m ago15000.0 bpsThe health-factor margin the protocol treats as safe.
Risk on the book

wS-ftUSD — open interest

Beta

Open interest: latest $69.8K (2026-07-17 10:57 UTC). Over the last 30 days it moved up $619.20, from $69.2K to $69.8K. Range low $69.2K on 2026-07-17, high $69.8K on 2026-07-17, across 21 observations. This module is in beta upstream and its data shape may still change. Sources: Flying Tulip API · /mm/spot/markets-v2.

Current · 4m ago·Flying Tulip API · /mm/spot/markets-v2··
Source, methodology and coverage
Observed at2026-07-17 10:57:28 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe dollar value of positions currently open in a market — how much risk is actually on the book. Entity is the base/quote ADDRESS PAIR, never the display symbol (LINK_VERIFICATION G-5) — symbols are reused and re-pointed upstream, addresses are not. The display symbol rides along as provenance metadata only. Beta: the upstream surface is itself beta (beta.flyingtulip.com/trade). It is collected and published with the Beta flag, and is subject to upstream change without notice. Full methodology
SourceFlying Tulip API · /mm/spot/markets-v2 — First-party market catalogue, mark, open interest, funding and published risk parameters. Collection contract is enabled on a cadence of 2 minutes.
Percent per interval

wS-ftUSD — funding rate

Beta

Above the neutral line, longs pay shorts. Below it, shorts pay longs.

Funding rate: latest 4.09% (2026-07-17 10:57 UTC). Over the last 30 days it moved up 0.00 percentage points, from 4.08% to 4.09%. Range low 4.08% on 2026-07-17, high 4.09% on 2026-07-17, across 21 observations. This module is in beta upstream and its data shape may still change. Sources: Flying Tulip API · /mm/spot/markets-v2.

Current · 4m ago·Flying Tulip API · /mm/spot/markets-v2··
Source, methodology and coverage
Observed at2026-07-17 10:57:28 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe periodic payment that flows between long and short position holders to keep the market price tethered to the underlying. Positive means longs pay shorts. Entity is the base/quote ADDRESS PAIR, never the display symbol (LINK_VERIFICATION G-5) — symbols are reused and re-pointed upstream, addresses are not. The display symbol rides along as provenance metadata only. Beta: the upstream surface is itself beta (beta.flyingtulip.com/trade). It is collected and published with the Beta flag, and is subject to upstream change without notice. A PERCENT, not a ratio and not basis points. This entry previously declared a ratio, on the reasonable assumption that a funding rate would arrive as one — the captured payload disproves it: `/mm/spot/markets-v2` returns fundingRate as a STRING WITH A PERCENT SIGN ("4.1682%"), which the contract parses to 4.1682. The registry now matches the observed payload rather than the assumption, and `defineMetric` is what caught the disagreement: it refuses to load a metric whose unit contradicts its source contract, so the two cannot drift apart silently. The unit is worth this much fuss because a ratio/percent confusion here is a 100× error on every funding number in the product. The contract keeps a plausibility guard on the magnitude, so a payload that suddenly looks like a ratio (or like bps) quarantines rather than being silently rescaled into a plausible-looking lie. Full methodology
SourceFlying Tulip API · /mm/spot/markets-v2 — First-party market catalogue, mark, open interest, funding and published risk parameters. Collection contract is enabled on a cadence of 2 minutes.

Total-return swaps (TRS)

BetaCurrent · 4m agoObserved — unused

Every activity and balance figure below reads zero, and that is a genuine reading. The complete observation is current: the endpoint answered, the schema validated, and nobody had opened a position at that time. The configured risk parameters below can still be non-zero.

Exposure$0.00
Collateral$0.00
Equity$0.00
Maintenance margin$0.00
Supplied$0.00
Debt$0.00
Account balance$0.00
Cross-collateral ratio0.00%Reported by the source as a percentage, not a unitless ratio.
P&L$0.00The source does not distinguish realised from unrealised P&L. It can be negative.

Collateral-risk settings

Current, target, and liquidation ratios are upstream percentage points, not dashboard-authored thresholds.

Current · 4m ago
Current0.00%
Target80.00%
Liquidation100.00%
Source buffer warningNo warning

Sourced from GET /trs/ only. The quote endpoint is a write-shaped flow and is excluded from FT Pulse entirely — it is never called, by any method.

TRS collateral-denominated price history

Each line is collateral-token units per one base token. These values are ratios and are not labelled USD unless the quote token itself is known to be dollar-denominated.

Sonic · collateral units per base token · not USD

0x039e…ad38 priced in 0x0555…2b9c

Connected source

Collateral units per base token: latest 0.0000 (2026-07-17 10:00 UTC). Over the last 30 days it moved down 0.00, from 0.0000 to 0.0000. Range low 0.0000 on 2026-06-25, high 0.0000 on 2026-06-18, across 54 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 1h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 10:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x039e…ad38 priced in 0x2921…8894

Connected source

Collateral units per base token: latest 0.0256 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 0.01, from 0.0329 to 0.0256. Range low 0.0201 on 2026-06-25, high 0.0329 on 2026-06-18, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x039e…ad38 priced in 0x50c4…634b

Connected source

Collateral units per base token: latest 0.0000 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 0.00, from 0.0000 to 0.0000. Range low 0.0000 on 2026-06-25, high 0.0000 on 2026-06-18, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x039e…ad38 priced in 0xe5da…3955

Connected source

Collateral units per base token: latest 0.9361 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 0.01, from 0.9500 to 0.9361. Range low 0.9304 on 2026-06-26, high 0.9500 on 2026-06-18, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x039e…ad38 priced in 0xf7d8…9c9c

Connected source

Collateral units per base token: latest 0.0256 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 0.01, from 0.0329 to 0.0256. Range low 0.0201 on 2026-06-25, high 0.0329 on 2026-06-18, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x0555…2b9c priced in 0x2921…8894

Connected source

Collateral units per base token: latest 63038.2807 (2026-07-17 09:00 UTC). Over the last 30 days it moved up 61.15, from 62977.1347 to 63038.2807. Range low 58657.7118 on 2026-06-30, high 65059.7996 on 2026-07-14, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x0555…2b9c priced in 0x50c4…634b

Connected source

Collateral units per base token: latest 34.3559 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 2.44, from 36.7930 to 34.3559. Range low 33.7621 on 2026-07-15, high 38.2527 on 2026-06-27, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x0555…2b9c priced in 0xe5da…3955

Connected source

Collateral units per base token: latest 2310009.6378 (2026-07-17 09:00 UTC). Over the last 30 days it moved up 489291.75, from 1820717.8901 to 2310009.6378. Range low 1820717.8901 on 2026-06-18, high 2795368.0379 on 2026-06-25, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x0555…2b9c priced in 0xf7d8…9c9c

Connected source

Collateral units per base token: latest 63132.6822 (2026-07-17 09:00 UTC). Over the last 30 days it moved up 99.95, from 63032.7296 to 63132.6822. Range low 58709.4937 on 2026-06-30, high 65117.2330 on 2026-07-14, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x2921…8894 priced in 0x50c4…634b

Connected source

Collateral units per base token: latest 0.0005 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 0.00, from 0.0006 to 0.0005. Range low 0.0005 on 2026-07-15, high 0.0006 on 2026-06-25, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x2921…8894 priced in 0xe5da…3955

Connected source

Collateral units per base token: latest 36.6313 (2026-07-17 09:00 UTC). Over the last 30 days it moved up 7.72, from 28.9108 to 36.6313. Range low 28.9108 on 2026-06-18, high 46.7302 on 2026-06-25, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x50c4…634b priced in 0xe5da…3955

Connected source

Collateral units per base token: latest 67266.8335 (2026-07-17 09:00 UTC). Over the last 30 days it moved up 17781.42, from 49485.4099 to 67266.8335. Range low 49485.4099 on 2026-06-18, high 73283.6765 on 2026-06-25, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0x50c4…634b priced in 0xf7d8…9c9c

Connected source

Collateral units per base token: latest 1837.2564 (2026-07-17 09:00 UTC). Over the last 30 days it moved up 124.09, from 1713.1707 to 1837.2564. Range low 1569.6129 on 2026-06-25, high 1920.7644 on 2026-07-15, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.
Sonic · collateral units per base token · not USD

0xe5da…3955 priced in 0xf7d8…9c9c

Connected source

Collateral units per base token: latest 0.0273 (2026-07-17 09:00 UTC). Over the last 30 days it moved down 0.01, from 0.0346 to 0.0273. Range low 0.0214 on 2026-06-25, high 0.0346 on 2026-06-18, across 53 observations. Sources: Flying Tulip API · /trs/price-series.

Current · 2h ago·Flying Tulip API · /trs/price-series··
Source, methodology and coverage
Observed at2026-07-17 09:00:00 UTC
Classobserved — Read directly from the source. Not derived.
MethodologyThe requested collateral or quote-token amount per one base token for a TRS market address pair. Address pairs are learned only from validated GET /trs/ market rows and then requested from GET /trs/price-series. Symbols never parameterize the request. Direction is quote/collateral units per one base token, for example ftUSD per wS. It is not base units per collateral, and it is not labelled USD unless the requested quote token actually is dollar-denominated. Overlapping daily and intraday timestamps are deduplicated deterministically in favour of the higher-resolution intraday observation. Full methodology
SourceFlying Tulip API · /trs/price-series — First-party TRS price history. Values are collateral units per base token, not USD. Collection contract is enabled on a cadence of 1 hour.

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