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Perp Anything supports real-world asset (RWA) perpetual markets from Orderly’s supported RWA list. RWA listings use the same isolated-risk operating model as other Perp Anything markets, with an additional market_session that defines when the underlying market is open, closed, or affected by holidays and early closes.
Disclaimer: An RWA market is created and operated by a Builder, not by Orderly. The Builder remains responsible for its liquidity, price sources, Insurance Fund coverage, and market operation.

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Supported market coverage

RWA market coverage currently includes the US, Hong Kong (HK), China (CN), and Japan (JP). Available market sessions vary by market, and support for additional markets is planned to be added gradually. Orderly maintains the supported RWA list, market-session definitions, holiday calendars, and early-close schedules. A Builder cannot turn an arbitrary symbol into an RWA market by adding market_session to a listing request.

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Determine whether a symbol is RWA

The listing and RWA-session endpoints on this page are not currently included in this documentation site’s bundled OpenAPI reference. Confirm production availability with your Orderly integration contact before implementation.
Call POST /v1/broker/listing/symbol_context with the base symbol:
The response provides listing context and indicates whether the symbol is an RWA symbol. When is_rwa is true, the final listing request must include a supported market_session.

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Select a market session

Retrieve supported sessions with:
Each response row includes the session name, timezone, trading hours, holidays, and early-close information. Use a returned session value rather than constructing one locally. The trading session belongs to the listed market, not to an individual price source. The same source framework can therefore support crypto and RWA markets.

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Choose price sources

An RWA market can use supported CEX feeds, platform oracle sources, Builder-pushed feeds, or Bring Your Own Key sources when those sources are available for the asset. See Builder Oracle to create Builder-controlled sources, inspect available sources, and assign source weights.

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Submit an RWA market

Include a supported market_session with the selected price sources:
Submit the market through POST /v1/broker/listing/submit.
  • If the symbol is RWA, market_session is required.
  • If the symbol is not RWA, omit market_session.
  • Passing market_session does not change a symbol’s RWA classification.

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Closed-market behavior

When the underlying market is closed, frontends can show a Market Closed state and use the latest valid price according to the configured session rules. RWA Mark Price protection also changes between on-market and off-market hours. During OFF_MARKET, the underlying market is closed, liquidity can be lower, and the Index Price is frozen. Orderly applies the RWA-specific off-market factor described in Mark Price, Index Price, and Last Price. Market-session state does not remove the Builder’s operating responsibilities. Continue monitoring price-source health, liquidity, and Insurance Fund coverage.