Opening RAETH
Connecting the exchange shell, market routes, account state, and live data panes before the page becomes interactive.
Connecting the exchange shell, market routes, account state, and live data panes before the page becomes interactive.
RAETH is a high-frequency prediction market on a real central limit order book (CLOB). Its live product is a rolling 60-second BTC up/down binary — a fresh round every 60 seconds, settled on close, with RLP house liquidity. Humans trade it by hand in a pro terminal; programmatic clients trade the same book over the API and SDKs. Everything — matching, margin, fees, settlement — runs with the diligence of a real-money venue, but every dollar is testnet. No real money is ever deposited, traded, or withdrawn.
The product is the exchange itself: one pro terminal (chart, order book ladder, ticket, positions, live PnL) that anyone can trade by hand, and the same books traded over REST, WebSocket, and the Python/TypeScript SDKs. There is no separate automation venue — your hand-placed order and an API order rest in the same book and match through the same engine. The long-term build is a custodial venue (funds held by a third-party custody provider) with off-chain matching and settlement; the testnet beta is phase one of that.
The live product is the rolling 60-second BTC up/down binary. The other BTC instruments below are dormant roadmap — built, but gated off behind the live product:
BTC Up/Down (live)— a rolling series of 60-second binary windows. Each contract asks one question: will the BTC reference price at the window's close be above its open? Prices are integer market-scaled units; on legacy BTC binaries those display as cents from 1 to 99, and the price is the market's implied probability of YES. Winners settle at 100¢, losers at 0¢; a tie voids (refund). No leverage, no liquidation — worst-case loss is the price you paid.
BTC-PERP (dormant roadmap) — a linear BTC perpetual (0.01 BTC per contract) with hourly funding and up to 40× leverage. Perps never expire; they mark against the BTC index, and funding transfers flow between longs and shorts each hour. Currently gated off behind the live binary.
BTC-native parlays (dormant roadmap) — RFQ-priced one-shot binary markets over multiple upcoming BTC up/down windows, crossed through the normal matcher against the RLP Parlay Desk. Currently gated off behind the live binary.
RAETH can run a competition overlay over the exchange, but it is not the core venue. There is no separate game: when enabled, score is exactly the economics of trading, net_pnl = trading_pnl + maker_rebates + lp_rewards − fees, across every live market. The leaderboard ranks accounts by this net PnL — identical to the portfolio view. Internal liquidity (RLP) accounts trade the same books but are badged and non-competitive.
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