Reference Rates

Equities

Institutional-grade pricing for equity perpetual futures.

Built for derivatives trading

Kaiko’s equity Reference Rates deliver institutional-grade equity rates for perpetual futures. Purpose-built for derivatives trading, they provide continuous and resilient price discovery across all market sessions, reducing manipulation risk and protecting against illiquid market conditions.

These rates prioritize reliability and precision, each delivering robust pricing benchmarks derived from comprehensive market data. This ensures each rate is independently verifiable, transparent, and consistently accurate, minimizing settlement risks and maximizing confidence in price discovery.

Enable Continuous Equity Derivatives Trading
Extend equity market exposure beyond traditional trading hours with reference prices designed to operate seamlessly across regular hours, extended sessions, and market closures.
Unmatched Flexibility & Collaboration
Delivery by oracle unlocks multi-layer validation, bounded price evolution, and liquidity-aware methodologies that mitigate price dislocations during illiquid periods, protecting traders and venues alike.
Trusted, Transparent Rates
Rely on transparent, institutionally trusted equity reference rates with configurable features to reflect market-specific requirements. Kaiko Equity Rates support corporate actions, dividends, trading calendars, and session logic, enabling perpetual trading while preserving economic accuracy across all market conditions.

Featured Equity Rates

Kaiko Meta Reference Rate

Kaiko Meta Equity Rate (KK_CP_METAUSD) provides a USD-denominated equity reference rate for the spot price of Meta. By combining real-time pricing from traditional equity exchanges with tokenized equity venues, this composite rate delivers continuous price discovery for leading U.S. equities.

Kaiko Robinhood Reference Rate

Kaiko Meta Equity Rate (KK_CP_HOODUSD) delivers a USD-denominated equity reference rate for Robinhood’s spot price. Aggregating live pricing data from both traditional equity markets and tokenized equity platforms, this composite rate enables comprehensive price discovery for major U.S. equities.

Explore our Equity Rates

FAQ

What is a Kaiko Equity Reference Rate?

A Kaiko Equity Reference Rate is an institutional-grade pricing benchmark for equity perpetual futures that combines data from traditional stock exchanges and tokenized equity venues. These rates use volume-weighted methodologies with built-in manipulation resistance and liquidity-aware validation to deliver continuous, transparent price discovery across all market sessions, including regular trading hours, extended sessions, and market closures.

How do Kaiko Equity Rates enable 24/5 perpetual futures trading?

Kaiko Equity Rates synthesize pricing from multiple venue types, including traditional equity exchanges (operating during market hours) and tokenized equity platforms (operating 24/5). When traditional markets close, the rates automatically rebalance weights across active tokenized venues, ensuring uninterrupted price discovery. This architecture allows equity perpetuals to trade continuously while maintaining economic accuracy and preventing price manipulation during low-liquidity periods.

What makes Kaiko Equity Reference Rates manipulation-resistant?

Kaiko Equity Rates employ multiple protection layers, including:

Volume-weighted aggregation across diverse venues reduces single-source manipulation risk
Bounded price evolution limits extreme moves during illiquid sessions
Multi-layer validation filters anomalous data points
Liquidity-aware methodologies automatically adjust when market depth decreases

All rates are independently verifiable and transparent, with full methodology documentation available to clients.