Markets · RKLB up to 75x
One venue handled nearly 98% of Rocket Lab perpetual futures volume in a three-exchange sample
Trading reached $25.4 million in 24 hours across trade.xyz, Lighter and Aster, 3.7 times the median of four earlier readings.
Traders turned over $24.8 million in Rocket LabRKLB+4.65% perpetual futures on trade.xyz in the 24 hours through 3:21 p.m. ET on November 10. Two other venues with comparable records, Lighter and Aster, together accounted for about $579,000.
These perps let traders take a position on Rocket Lab’s share price without owning the stock. On trade.xyz, the contract’s mark price rose from $59.41 to $60.65 over the same 24 hours. Turnover counts every trade, so a dollar can change hands several times.
| trade.xyz | $24,832,416 | $6,678,837 | 3.7× |
|---|---|---|---|
| Lighter | $475,425 | $137,280 | 3.5× |
| Aster | $103,860 | $20,471 | 5.1× |
Rolling 24-hour dollar volume on trade.xyz, Lighter and Aster, as of the dates shown in Eastern time. The reference line is the median of the four earlier readings.
| November 2 | $6.7M |
|---|---|
| November 3 | $3.7M |
| November 4 | $7.1M |
| November 5 | $14.8M |
| November 10 | $25.4M |
Where the extra trading showed up
Volume picked up on all three venues. At trade.xyz, the $24.8 million reading was 3.7 times its own earlier median. Aster had the biggest proportional increase, about fivefold, but even after that increase it accounted for roughly $104,000.
The comparison uses four earlier 24-hour readings from November 2 through 5 on the same three exchanges. Their combined volume ranged from $3.7 million to $14.8 million, with a median of $6.9 million. Other exchanges also list Rocket Lab perps. Their volume is outside this comparison.
Why the historical price comparison stops short
On trade.xyz alone, four earlier days met a separate test: estimated dollar turnover at least three times the previous 14 days’ median and a closing price at least 2% above the previous close. The contract finished the following week lower in three cases. The exception was May 18, after which it gained 8.5% in a week.
The latest completed trading day on that venue, November 9, closed 3.9% higher at $55.20. Its estimated turnover was only 2.7 times the 14-day median. Tuesday’s three-exchange reading therefore establishes a jump in trading activity. It supplies no fifth observation for that one-venue price comparison.