{
  "title": "Pre-IPO Perpetual Markets — Reported Open Interest",
  "unit": "USD",
  "period": {
    "start": "2026-08-01",
    "end": "2026-10-11"
  },
  "sourceWorkbook": "Slide 2 - Daily Pre-IPO Perp OI - Source Data",
  "sourceRetrievedAt": "2026-10-16",
  "methodology": {
    "metric": "Reported open interest quantity multiplied by the same-row mark price at the final retained state of each UTC day.",
    "coverage": "Selected contracts for Anthropic, OpenAI, Oura, Moonshot AI and Polymarket on Binance, Hyperliquid and Bybit. Not a comprehensive or normalized market total.",
    "bybit": "Included from September 27, 2026, when coverage becomes continuous. Earlier values are null (excluded due to incomplete coverage), not zero open interest. Bybit's single-sided versus both-sided reporting convention remains unverified; no adjustment is applied.",
    "growth": "October 11 covered total divided by August 1 covered total. Coverage expands to include Bybit on September 27; the comparison is not a constant-coverage market growth measure.",
    "companies": "Reported open interest by company across covered venues on October 11, 2026. Figures shown in the chart are rounded.",
    "exclusions": "Ventuals contracts settled June 15, 2026 and have no observations in this period.",
    "timing": "Daily response timestamps label UTC bucket starts, not the exact time of the final exchange observation. The October 11 close was checked against the final retained minute for all 12 active contracts.",
    "exposure": "Pre-IPO perpetuals provide synthetic exposure and do not represent direct ownership of the underlying companies."
  },
  "sources": [
    {
      "label": "Laevitas",
      "url": "https://apiv2.laevitas.ch/historical-data.html"
    },
    {
      "label": "Binance",
      "url": "https://www.binance.com/en/support/announcement/detail/94f88766c6c84d68a07f006bc076ba6a"
    },
    {
      "label": "Bybit",
      "url": "https://bybit-exchange.github.io/docs/v5/market/open-interest"
    },
    {
      "label": "Entropy",
      "url": "https://docs.entropy.io/asset-directory/pre-ipo-assets.md"
    }
  ],
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}