Research Disclaimer

Research and information only

perpdex.io provides independent data research, visualizations and methodology experiments. Nothing on this site is investment, trading, legal, tax, accounting or other professional advice, or an offer, solicitation, recommendation, rating or endorsement of any security, token, derivative or service. Do not use this site as the sole basis for any decision.

Digital-asset and derivatives risk

Digital assets and derivatives involve substantial volatility, leverage, liquidity, technology, regulatory and counterparty risks and may result in partial or total loss. Historical data, simulations, annualized metrics, rate comparisons and correlations do not predict future performance or guarantee that any strategy is executable or profitable.

Data timeliness, completeness and corrections

Data comes from public APIs, public web pages, blockchains, third-party documentation and perpdex.io derivations. It may be delayed, missing, duplicated, corrected upstream, affected by snapshot timing or differ from a provider's definitions. A source label identifies provenance only; it does not mean that the source provider endorses or validates perpdex.io processing or conclusions.

perpdex.io aims to preserve timestamps, provenance, validation status and N/A reasons, but does not guarantee continuous availability, real-time delivery, accuracy or fitness for a particular purpose.

Simulation, experiments and counterfactual rules

The long-hold cost study and other experiments do not place real trades. Indicative quotes are not executable quotes, and simulated fills cannot capture every real-market constraint. ‘Counterfactual no-liquidation accounting’ is a research convention only; real venues may liquidate positions, demand additional margin, impose limits, halt markets, reject orders, experience wider slippage or change their rules.

Limits of on-chain inference

On-chain addresses, pools, transfers and balances establish only the corresponding public-ledger facts. A flow proxy is not a confirmed opening or closing position; a counterparty address is not a confirmed user EOA; a pool balance is not OLP equity; implied OLP exposure is not an observed external hedge; and a vault-to-implied-exposure ratio is not solvency or capital adequacy.

Independence and third-party rights

perpdex.io is an independent research website and is not affiliated with, acting for or partnered with any protocol, venue, data provider or brand shown unless expressly stated. If a commission or partner link is enabled in the future, the economic relationship will be disclosed beside that link and will not affect data definitions, page ordering or research conclusions. Third-party names, logos and marks belong to their respective owners. External links and third-party content remain the responsibility of their operators.

Limitation of responsibility

To the fullest extent permitted by applicable law, perpdex.io is provided as-is without express or implied warranties of accuracy, completeness, availability, timeliness, merchantability or fitness for a particular purpose. Users remain responsible for trading losses, lost opportunities, indirect loss or other consequences arising from use of, inability to use or reliance on the site.