diff --git a/protocol/indexer/events/perpetual.go b/protocol/indexer/events/perpetual.go
index 08ea2fa82b..c6a5db40a2 100644
--- a/protocol/indexer/events/perpetual.go
+++ b/protocol/indexer/events/perpetual.go
@@ -1,6 +1,7 @@
 package events
 
 import (
+	v1 "github.com/dydxprotocol/v4-chain/protocol/indexer/protocol/v1"
 	perptypes "github.com/dydxprotocol/v4-chain/protocol/x/perpetuals/types"
 )
 
@@ -20,6 +21,6 @@ func NewUpdatePerpetualEvent(
 		MarketId:         marketId,
 		AtomicResolution: atomicResolution,
 		LiquidityTier:    liquidityTier,
-		MarketType:       marketType,
+		MarketType:       v1.ConvertToPerpetualMarketType(marketType),
 	}
 }
diff --git a/protocol/indexer/events/perpetual_test.go b/protocol/indexer/events/perpetual_test.go
index 713a0209dc..2c9a7cb300 100644
--- a/protocol/indexer/events/perpetual_test.go
+++ b/protocol/indexer/events/perpetual_test.go
@@ -3,6 +3,7 @@ package events
 import (
 	"testing"
 
+	v1types "github.com/dydxprotocol/v4-chain/protocol/indexer/protocol/v1/types"
 	perptypes "github.com/dydxprotocol/v4-chain/protocol/x/perpetuals/types"
 
 	"github.com/stretchr/testify/require"
@@ -23,7 +24,7 @@ func TestNewUpdatePerpetualEvent_Success(t *testing.T) {
 		MarketId:         5,
 		AtomicResolution: -8,
 		LiquidityTier:    2,
-		MarketType:       perptypes.PerpetualMarketType_PERPETUAL_MARKET_TYPE_CROSS,
+		MarketType:       v1types.PerpetualMarketType_PERPETUAL_MARKET_TYPE_CROSS,
 	}
 	require.Equal(t, expectedUpdatePerpetualEventProto, updatePerpetualEvent)
 }