# theperps.trade

> SpotGamma research monitor for official RHJ Stock Tokens, Coinbase B20, and Lighter/Arcus equity perps. Unofficial ticker copies are not the cash stock. Not trading advice. Official wrappers are not available to U.S. persons.

Research monitor for Robinhood Stock Tokens, Coinbase B20 wrappers, and Lighter/Arcus equity perps versus cash ADV. Unofficial ticker copies are not the cash stock. Venues stay labeled — never one inventory number.

Parallel instruments can share a ticker. Cash stock, Classic Stock Tokens, Asset Stock Tokens (RHJ), Coinbase B20, Lighter/Arcus equity perps, and unofficial ticker copies are not a pipeline, and none of the on-chain or app products is the listed US share.

Not trading advice.
Hedge fraction is a scenario (0 / 25 / 50 / 100%), not a measurement.
Official RHJ Stock Tokens and Coinbase B20 wrappers are not U.S.-registered and are not available to U.S. persons.
They are economic exposure, not shareholder rights — different rails from each other and from Nasdaq/DTCC. Authenticate the contract before mapping any token to a U.S. ticker.

This file does not publish open interest, supply, funding, or oracle prints. Fixture mode is labeled and must not be quoted as live.

## Key paths

- [Tape](https://theperps.trade/): ranked research monitor
- [Wiki](https://theperps.trade/wiki): instrument map — cash, Classic, Asset/RHJ, Coinbase B20, equity perps, unofficial copies, cash hedge
- [Classification](https://theperps.trade/methodology): how rank is built
- [Alerts](https://theperps.trade/alerts): explicit alert rules, not a black-box score
- [Name pages](https://theperps.trade/names/NVDA): /names/{TICKER} for the code universe. Pinned watchlist: NVDA, AAPL, TSLA, AMZN, META, MSFT, GOOGL, HOOD, SPY, QQQ. HOOD has no official RHJ contract in the registry this app pins.
- [Sitemap](https://theperps.trade/sitemap.xml): every public wiki route and code-universe name page
- [Full brief](https://theperps.trade/llms-full.txt): wiki answers plus the name-page list

## Rules

- An unofficial ticker copy is not the cash stock. No create/redeem bridge. Attention only.
- RHJ supply and Coinbase B20 supply are different venues. Do not add them into one inventory.
- Equity perps on Lighter and Arcus hit the listed share only if someone hedges externally.
- Classic Stock Tokens and Asset Stock Tokens are parallel Robinhood products, not a conversion path.
- Authenticate the contract before mapping any token to a US ticker.