# PARALLAX

Displacement between tokenized shares and the listed shares they mirror.

A tokenized share trades every hour of the week. The company it mirrors trades
about 32.5 hours of them. While the exchange is shut the token has no
authoritative price to answer to, so it drifts. PARALLAX measures that gap
continuously across ~96 tokenized US equities and serves it as JSON.

## Endpoints

GET https://parallaxfeed.xyz/v1/displacements        every company, both prices, the gap
GET https://parallaxfeed.xyz/v1/displacements/AAPL   one company
GET https://parallaxfeed.xyz/v1/signals              only the gaps worth acting on, with a side
GET https://parallaxfeed.xyz/v1/session              is the exchange open, time to the next flip
GET https://parallaxfeed.xyz/v1/health               were both price sources readable
GET https://parallaxfeed.xyz/v1/openapi.json         machine-readable contract

No key required during the public preview. CORS is open. Responses are cached
for 10-30s; the sweep behind them refreshes every 90s, so polling faster than
that returns the same numbers.

## The one field to understand

displacementPct = (tokenPrice - listedPrice) / listedPrice * 100

Positive means the token trades above its listed share. Negative means below.

## Read this before trading on it

A reading wider than 6% is marked detached:true. That is not a large
opportunity, it is a broken one - the token has stopped tracking its share, or
the company did something the token market has not priced. Use ?tradeable=true
to exclude them, or filter on detached yourself.

Thin books lie. Filter on holders; the reference instrument uses 1000 as a floor.

## What this is not

Not financial advice. The desk shown on the website trades simulated capital
only and places no real orders.