Oracle Price, Market Price and the Gap Between Them

Why the terminal shows two prices for every stock token, and what it means when they drift apart on a Sunday.

Every asset in the terminal has two prices. The oracle price comes from a Chainlink feed on Robinhood Chain. It follows the listed share during US market hours, five days a week, and updates when the price moves by half a percent or once a day at the latest.

The market price comes from the deepest Uniswap pool for that token. Pools trade every hour of every day, including weekends and holidays, when the listed market is closed and the oracle stands still.

The gap between the two is information. During market hours it is usually a fraction of a percent. Over a weekend it can widen as on-chain traders react to news the listed market has not priced yet, and it tends to close again when trading resumes.

A wide gap is not automatically an opportunity. Thin pools move easily, and a stale oracle can be the side that is wrong. The terminal shows how old each oracle reading is and how deep each pool is, so you can judge which number to trust.

Written by Valtora contributors. This note describes plans and general concepts; it is not investment advice and not an offer of any product.