Binance Research says RWA perpetuals captured 97% of post-FOMC stock gaps

  • Binance Research found equity-linked perpetuals captured 97% of post-FOMC stock gaps.
  • About $1.02 billion traded outside regular U.S. market hours after the September decision.
  • TradFi-linked perpetuals generated $7.25 billion during the latest S&P index rebalance closure.

RWA-linked perpetual futures captured a median 97% of the subsequent U.S. stock opening gap across 16 companies after the Federal Reserve’s September policy decision, Binance Research said. About $1.02 billion traded outside regular U.S. market hours during the period. The Sept. 16 FOMC meeting unanimously raised the benchmark interest rate by 25 basis points to 3.75%-4.00%, creating new information for global traders to price before U.S. shares reopened. Binance Research also found 198 TradFi-linked perpetual contracts generated $7.25 billion during the latest S&P index rebalance market closure. Earlier research showed coverage expanding from one ticker in January to 149 by August, when the category represented about 28% of Tier-1 crypto-exchange futures volume and Binance held roughly 59% of the segment. Separately, bStocks processed $1.5 billion across seven weekends while U.S. markets were closed and priced in a median 92% of the following Monday’s opening gaps. The products provide continuous exposure to underlying equities but do not confer stock ownership; perpetual contracts settle in USDT and can use leverage of up to 10x, increasing both capital efficiency and liquidation risk.

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