Borrower Ledger Divergence

GET

https://api.runcaptain.com/v2/datasets/odyssey/credit-analysis/ledger/divergence

GET

/v2/datasets/odyssey/credit-analysis/ledger/divergence

1 import requests
2 
3 BASE_URL = "https://api.runcaptain.com"
4 API_KEY = "your_api_key"
5 
6 headers = {"Authorization": f"Bearer {API_KEY}"}
7 
8 response = requests.get(
9     f"{BASE_URL}/v2/datasets/odyssey/credit-analysis/ledger/divergence",
10     params={"period": "2026-03-31", "min_confidence": "high", "page_size": 25},
11     headers=headers,
12     timeout=60.0
13 )
14 print(response.json())

1 {
2   "page_size": 2,
3   "items": [
4     {
5       "credit_id": "cred_b88143025498e3f0",
6       "period": "2026-03-31",
7       "n_lenders": 3,
8       "low_mark_pct": 14.48,
9       "high_mark_pct": 139.01,
10       "spread_pts": 124.53,
11       "display_name": "Isagenix International, LLC",
12       "low_marker": "MAIN STREET CAPITAL CORP",
13       "high_marker": "CION INVESTMENT CORP",
14       "confidence": "high",
15       "alert": "mark_divergence"
16     },
17     {
18       "credit_id": "cred_0e74acfc91692058",
19       "period": "2026-03-31",
20       "n_lenders": 6,
21       "low_mark_pct": 5.78,
22       "high_mark_pct": 99.63,
23       "spread_pts": 93.84,
24       "display_name": "KENG  Acquisition, Inc..",
25       "low_marker": "NEW MOUNTAIN PRIVATE CREDIT FUND",
26       "high_marker": "NUVEEN CHURCHILL DIRECT LENDING CORP.",
27       "confidence": "high",
28       "alert": "mark_divergence"
29     }
30   ],
31   "next_cursor": "WzAseyJzayI6Ijk5OTkuMDYxNSNjcmVkXzBlNzRhY2ZjOTE2OTIwNTgiLCJwayI6IkRJViMyMDI2LTAzLTMxIzAifV0",
32   "has_more": true,
33   "_meta": {
34     "source": "SEC BDC filings (public domain)",
35     "coverage": "BDC filer registry",
36     "freshness": "as-filed 10-Q, ~4wk after quarter-end",
37     "citations": "per-mark SEC URL"
38   }
39 }

Cross-lender mark-divergence alerts for a period, widest spread first — the sellable early-distress signal. Cursor-paged feed; each page is a bounded Query over pre-sorted decile partitions (no read-time sort, no Scan).

Query parameters

periodstringRequired

Filing period end YYYY-MM-DD

min_confidencestring or nullOptionalDefaults to medium

medium (2 lenders) or high (>=3)

page_sizeintegerOptional1-100Defaults to 25

cursorstring or nullOptional

Opaque pagination cursor

Response

Successful Response

page_sizeinteger

itemslist of objects

next_cursorstring or null

has_morebooleanDefaults to false

_metaobject

Dataset provenance / freshness, echoed on every response.

Errors

422

Unprocessable Entity Error