Own the hours
between the bells.
A new way to look at the overnight market. Defined windows. Fully funded positions. Settlement to the official print.
TSLA
Tesla · Nasdaq Official Open
Vault implied open
$380.68
Waiting for prices
Bid
—
Ask
—
Corridor
$320–$440
Multiplier
0.10
Fee
8 bps
Markets on seven Nasdaq names
- TSLA
AAPL
NVDA
MSFT
AMZN
GOOGL
META
The hours change.
The rules don't.
A market starts with a recorded close and ends with a specified official event. What happens in between has a defined limit.
Every dollar has a place,
before the bell rings.
One stock, one night, one defined outcome. Explore the window, then see exactly where the money goes.
At the close
Reference locked
At the open
Awaiting the bell
A close. A starting point.
The closing reference is frozen before the overnight window begins.
Settled by a signed print
Two of three publishers sign the official open and the contract checks the signatures. No admin price, ever.
0.00%
Utilization
▲ Free capacity
Reserved vs free
Trader margin + vault reserve
= escrow, funded before a position exists
One vault per market
Liquidity providers fund the other side. Reserved capital cannot leave while it backs a live position.
Long TSLA, corridor $180 to $360
Drag the official open. Trader payout plus vault payout equals escrow every time.
Trader
$80.00
Max loss $67.40
Vault
$100.00
Reserved $112.60
Escrow
$180.00
Trader + vault = escrow
Illustrative long position, not a live quote. Actual market parameters are specified per window.
Every open
has a history.
189 TSLA close-to-next-open observations. Follow each window from its starting reference to the observed open.
Windows replayed
Median overnight gap
Up / down opens
Largest gap down
Yahoo-derived OHLC data is research only. These observations are not authenticated official settlement evidence.
One night on the clock,
start to finish.
An automated keeper moves every market through its steps as soon as the time and the data allow it. Every step that matters can also be done by anyone, on chain.
Pick a market
Choose a side
Long
Open lands higher
Short
Open lands lower
Position funded. Worst case fixed.
Take a side. Your worst case is fixed the moment you trade.
Go long if you think the stock opens higher, short if you think it opens lower. You post your margin up front, so nothing can be liquidated and nobody can ask you for more.
- 4:00 PM ET · Funding closesThe vault locks. LPs can deposit and withdraw before this point and not after it.
- 4:20 PM ET · Start reference setThe official close becomes the start reference, then prices start.
- Overnight · TradingYou trade at quoted prices, long or short. Each trade is a transaction your wallet signs.
- 9:30 AM ET · The open settles itTrading freezes at 9:25. The signed open print settles the market and payouts go out.
Two sides of every trade, one escrow between them.
Traders take a side on where a stock opens. Liquidity providers fund the other side through the market's vault. The contract holds both until the open prints.
- TradersPick a market and a side, sign once. The keeper claims your payout to your wallet, win or lose.
- Liquidity providersDeposit USDG before funding closes. Share the vault's result and 75% of every trading fee.
- Isolated by designEach market has its own vault and can never touch another market's funds.
- USDG in one stepSwap ETH to USDG from the ticket or vault page, with the rate and minimum shown first.
Market contract
Escrow
Look back before looking ahead
The largest close-to-open moves in the research dataset. Open any window to replay it against a corridor.
Contracts you can
check yourself
Every address is live on Robinhood Chain. No upgradeable proxies, no admin price. Verify it before you trust it.
Set up in about
five minutes
Any standard wallet works. Switch to Robinhood Chain, get a little ETH for gas and some USDG, and you are ready.
Network
Robinhood Chain · 4663
Gas
ETH
Collateral
USDG
Connect your wallet
Click Connect wallet. MetaMask, Rabby, Coinbase Wallet or whatever you already use.
Switch to Robinhood Chain
The app prompts you to switch. Gas costs fractions of a cent per action, paid in ETH.
Get USDG
Every market settles in USDG. Swap ETH for USDG in one step, with the rate and minimum shown first.
Simple fees for
every side
One execution fee, escrowed at entry and frozen when the market is created. No hidden costs, no surprises.
Traders
Take a side on where the open lands.
8 bps/of notional
$0.302984 fee on this trade (TSLA example, 10 contracts)
- Fee escrowed at entry, never deducted later
- Margin plus fee is the most you can lose
- No margin calls, no liquidations
- Payout claimed to your wallet automatically
- Fee returned if the market refuses
Liquidity providers
✓ Most of the feeBack the other side of one market.
75%/of every fee
$0.227238 LP share of this trade's fee (TSLA example, 10 contracts)
- One isolated vault per market
- Keeps what traders lose, pays what they win
- Withdraw any time before funding closes
- Redeem once every position is claimed
- No return is promised
Protocol and creator
The remainder of the fee split.
20% + 5%/protocol + creator
$0.060597 + $0.015149 on this trade (TSLA example, 10 contracts)
- Fee split frozen at market creation
- Execution fee capped at 25 bps
- Creator share goes to the market's creator
- Rounded nowhere: USDG keeps six decimals
- Same math in the contracts and this page
Want to create a market?
Pick a registered reference, a session date and a corridor. Creators choose permitted parameters. They do not redefine what an official reference means.
Learn the window
Rules, math and contracts, in plain words.
Know the rules.
Then explore.
Answers to common questions about settlement, collateral, vaults and getting started.
Still unsure about something?
Read how you can lose money and how your funds move, before you trade.