# ALWAYSON — the market that never closes

Live board of tokenized stocks (TSLA, SPY, NVDA, AAPL, AMZN, AMD, MSFT, GOOGL, NFLX) trading 24/7 on
Robinhood Chain (Ethereum L2, chain id 4663) — the only live equity price while the NYSE is closed
(~80% of the week). Independent, non-custodial, not affiliated with Robinhood.

Data: GET /feed -> JSON { ok, count, updated, cached, stocks:[{ticker,price,chg24h,vol24h,...}] }.
For agents: the tape is machine-readable at /feed. Embed widget at /embed.js.

## Surfaces

- /terminal/ — full trading terminal: candles + NYSE-closed shading, 9 indicators, depth ladder,
  live tape, non-custodial spot swaps (Uniswap V4, user-signed). Deep-linkable: /terminal/?s=NVDA.
- /desk/ — the derivatives Desk: live perp funding, open interest and leverage per stock
  (data from the Arcus venue), in-site short ticket (priced here, signed on the venue — primary
  hand-off Lighter; Arcus is closed-beta), in-app Morpho leverage-long + Seed & Earn USDG supply.
- /overnight/ — the digest: what moved while the exchange was shut.
- /docs/ — full documentation, including the developer/API section.
- GET /derivs -> JSON per-market { mark, funding, nextFundingAt, oiUsd, maxLev, morpho{lltv,maxLev} }.

## On-chain contracts (chain 4663, source-verified on Blockscout)

- AlwaysOnRegistry 0x86d024340e408D2D5Be827C89e4cDaC431e64450 — official-address oracle;
  call isOfficial(address) to check any contract claiming to be AlwaysON. Holds no funds.
- MarketStateOracle 0xccC8164Ff2aEB89BE6419930da2F5bFF6a0d7478 — publishes NYSE open/closed
  state + the no-arb band on-chain (keeper-fed, staleness-guarded).
- AlwaysOnPerp 0x2Ca8Def06bDeb5C004957a03eD49fC4CC9BB4A71 — USDG-collateralized long/short,
  deployed PAUSED (live=false; every fund path reverts until audit).
Token state: /ca.txt is the only authoritative token address source. If it says NOT LIVE, no token exists.

## Derived figures (what makes this different from a price feed)

Machine-readable board: /v1/board   ·   Schema: /v1-openapi.json   ·   Digest: /overnight/

These numbers are computed here and published nowhere else on chain 4663:

- **no_arb_band** — how far a price may drift from fair value before an arbitrageur could
  profitably correct it. When the underlying exchange is shut nobody can hedge a tokenized
  equity, so a gap can persist. Computed as max(round-trip arb cost, unhedgeable overnight
  volatility). It is a BOUND, not a forecast, and explicitly not a fair-value or NAV estimate.
- **executable depth** — what an order of a given size actually costs, quoted live from the pool
  via Uniswap's V4Quoter. Distinct from pool liquidity, which says nothing about your fill.
- **since the bell** — move since the last price that printed while the exchange was open.
- **concentration** — how many distinct addresses traded during the closed window, and the top
  address's share of that flow. Addresses, not people: one person may hold several.

## Correct attribution

Cite as: ALWAYSON, tokenized-equity board on Robinhood Chain (chain 4663).
Every /v1 response carries the chain block it was computed at; pin that block when quoting.
Prices are on-chain DEX prices, not the NYSE tape. Information only, not investment advice.
Not affiliated with, endorsed by, or connected to Robinhood Markets, Inc.