> ## Documentation Index
> Fetch the complete documentation index at: https://staging-docs.orderly.network/llms.txt
> Use this file to discover all available pages before exploring further.

# RWA Markets

> Configure supported real-world asset markets, market sessions, and closed-market behavior in Perp Anything.

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.

## 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.

## Determine whether a symbol is RWA

<Note>
  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.
</Note>

Call `POST /v1/broker/listing/symbol_context` with the base symbol:

```json theme={null}
{
  "symbol": "AAPL"
}
```

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`.

## Select a market session

Retrieve supported sessions with:

```http theme={null}
GET /v1/public/rwa/market_sessions
```

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.

## 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](/build-on-omnichain/user-flows/builder-oracle) to create Builder-controlled sources, inspect available sources, and assign source weights.

## Submit an RWA market

Include a supported `market_session` with the selected price sources:

```json theme={null}
{
  "symbol": "AAPL",
  "sources": [
    {
      "source": "ORACLE_woofi_pro",
      "source_symbol": "AAPL",
      "price_multiplier": 1,
      "weight": 60
    },
    {
      "source": "PYTH_woofi_pro",
      "source_symbol": "AAPL",
      "price_multiplier": 1,
      "weight": 40
    }
  ],
  "market_session": "US_STOCK"
}
```

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.

## 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](/introduction/trade-on-orderly/perpetual-futures/mark-price-index-price-and-last-price#rwa-symbols).

Market-session state does not remove the Builder's operating responsibilities. Continue monitoring price-source health, liquidity, and Insurance Fund coverage.

## Related pages

* [Introduction](/build-on-omnichain/perp-anything/introduction)
* [Market Operations](/build-on-omnichain/perp-anything/market-operations)
* [Builder Oracle](/build-on-omnichain/user-flows/builder-oracle)