Over 94 days of 20-level order-book snapshots, xyz:AMAT quoted a median spread of 6.61 bps in US regular hours with $156k resting within 25 bps of mid. A $25k market order paid about 7.36 bps in regular hours and 10.26 bps on weekends, when depth within 25 bps fell to $25k. Taker fee is 0.90 bps with growth mode on; funding averaged +7.78% annualised over the last 30 days.
spread · rth
6.61 bps
median · p90 18.04 bps
depth ±25bps · rth
$156k
median, both sides
$25k slip · rth
7.36 bps
fills 94%
$25k slip · wknd
10.26 bps
fills 44%
taker fee
0.90 bps
fee scale 1.0 · growth mode on
funding apr · 30d
+7.78%
longs pay when positive · 7d +4.95%
vol 24h · 30d avg
$1.2M
notional
open interest
$1.7M
both sides · 2026-10-02
by sessionNew York time · medians over 94 days
session
snaps
spread
p90
top
depth ±10
depth ±25
depth ±50
$5k
$25k
$100k
$100k fills
$250k fills
US regular 9:30–16:00
4,333
6.61
18.04
$3k
$55k
$156k
$190k
5.36
7.36
15.76
32%
2%
US extended 4–9:30, 16–20
6,360
6.49
19.21
$2k
$13k
$58k
$92k
7.51
14.03
33.32
12%
0%
Overnight 20–4
4,373
6.69
20.24
$2k
$16k
$63k
$93k
7.43
12.95
33.06
12%
0%
Weekend / holiday
7,644
6.68
21.07
$2k
$6k
$25k
$46k
10.90
10.26
33.20
1%
0%
bps unless stated · RTH 9:30–16:00 · extended 4:00–9:30 and 16:00–20:00 · overnight 20:00–4:00 on weekdays · weekend runs Friday 20:00 to Monday 4:00 and includes NYSE holidays · slip = mean of the buy and sell side of a market order walking the visible 20 levels · fills = share of snapshots the size fits inside those levels · "—" = not fillable in the median snapshot
trade flowtaker side · 24 h to 2026-10-02 00:41 UTC · 30 d = last 30 complete UTC days · all markets
alert melarge orders in AMAT, $50k or more→ sign infree · by email · when the data is rebuilt
taker buy · 24h
$701k
30d $16.2M
taker sell · 24h
$533k
30d $17.9M
imbalance · 24h
+13.6%
of $1.2M · 30d -5.1% of $34.0M
trades · 24h
1,898
2 large orders · 30d 61,801
takers · 24h
134
55 makers · 156 addresses
takers · 30d
970
1,034 addresses incl. makers
top-10 share · 30d
52%
of $34.0M by 970 takers · 10 make half
concentration · 30d
0.041
Herfindahl over takers · 1 = one taker
daily net taker flow
USD per UTC day · taker buy − taker sell · up = net buying, down = net selling · 108 complete days · hover a day for its value · today (2026-10-02) is still open and not drawn: +$1k so far
by session · 30 d
session
taker buy
taker sell
net
imbalance
trades
share of notional
US regular 9:30–16:00
$7.2M
$8.0M
−$803k
-5.3%
18,506
45%
US extended 4–9:30, 16–20
$4.3M
$4.2M
+$125k
+1.5%
16,420
25%
Overnight 20–4
$2.0M
$2.9M
−$913k
-18.7%
10,153
14%
Weekend / holiday
$2.7M
$2.8M
−$128k
-2.4%
16,722
16%
sessions in New York time as in the liquidity table above · share = the session's taker notional over all four, $34.0M in 30 days
hour of week · taker notional
New York time · 30 days summed per hour · brighter = more volume · log scale between the 5th and 95th percentile · 168 of 168 hours with trades · hover a cell for USD and trades
large orders: fills grouped by transaction hash, taker and side, $50k or more per order; fills without a hash are not grouped · share = the address's taker notional over all $34.0M of 30-day taker notional (61,801 trades, 970 takers) · addresses are public on-chain data and link to the Hyperliquid explorer; an address can be a subaccount, vault, market maker or bot and is not labelled · taker notional is volume, not a change in open interest · rebuilt nightly and at 09:05 ET, not a live tape · raw: /api/xyz/flow/AMAT.json · definitions in methodology
alert meAMAT funding above or below a level I set→ sign infree · by email · when the data is rebuilt
last settlement
+5.48%
+0.0625 bps/h · 10-01 21:00 ET
next · estimate
+37.60%
+0.4292 bps/h · as of 10-01 22:15 ET
apr · 24h
+5.96%
17 of 24 hours observed
apr · 7d
+4.95%
161 of 168 hours observed
apr · 30d
+7.78%
550 of 720 hours · stdev 27.29%
paid by a long · 30d
48.82 bps
of notional, over 550 observed hours
hours above neutral · 30d
42%
at 45% · below 13% · negative 10%
range · 30d
+183%
highest hour · lowest -411%
daily funding apr
mean of the observed hourly rates per UTC day, annualised · up = longs paid, down = shorts paid · dashed = neutral 5.48% · 95 complete days · hover a day · today (2026-10-02) is still open and not drawn: +5.48% over 2 h so far
hour of week · mean funding apr
New York time · whole archive · the hour a settlement covers · 168 of 168 hours with data · hover a cell for its mean and n
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Mon
Tue
Wed
Thu
Fri
Sat
Sun
shorts paylongs pay · full shade = ±27.43% APR or more · empty = no settlements
funding by session
session
apr · 30d
hours · 30d
above neutral · 30d
apr · all
hours · all
above neutral · all
US regular 9:30–16:00
+11.80%
96
59%
+14.37%
354
55%
US extended 4–9:30, 16–20
+12.73%
162
52%
+15.46%
586
48%
Overnight 20–4
+11.67%
97
45%
+16.10%
383
46%
Weekend / holiday
-0.26%
195
23%
+3.66%
693
34%
mean of the hourly rates settled in each session, annualised · 30d = the 720 hours ending at the last settlement, all = since 2026-06-29 · above neutral = share of those hours settled above 5.48% APR
largest settlements · 30 d
settled · ET
session
rate bps/h
APR
09-13 20:0009-14 00:00 UTC
weekend / holiday
-4.687
-411%
09-13 19:0009-13 23:00 UTC
weekend / holiday
-2.961
-259%
09-20 20:0009-21 00:00 UTC
weekend / holiday
+2.093
+183%
09-27 19:0009-27 23:00 UTC
weekend / holiday
-1.366
-120%
09-07 19:0009-07 23:00 UTC
weekend / holiday
-1.048
-91.77%
09-07 20:0009-08 00:00 UTC
weekend / holiday
-0.9429
-82.60%
09-07 01:0009-07 05:00 UTC
weekend / holiday
+0.8195
+71.79%
09-27 20:0009-28 00:00 UTC
weekend / holiday
-0.7726
-67.68%
09-05 10:0009-05 14:00 UTC
weekend / holiday
+0.7585
+66.45%
09-06 20:0009-07 00:00 UTC
weekend / holiday
-0.6896
-60.41%
positive = longs pay shorts · the neutral rate is the deployer's carry (base interest 0.01% per 8 h × funding multiplier 0.5), not crowd positioning · every mean is over observed hours; collector gaps are not filled · rebuilt nightly and at 09:05 ET, not live · raw: /api/xyz/funding/AMAT.json · definitions in methodology
slippage curve
median bps over mid vs order size · a line ends where the size stops filling in the median snapshot
hour of week
New York time · median per cell over 94 days · brighter = better · the breathing cell is now
weekly · spread
median bps, all sessions
weekly · depth ±25 bps
median USD both sides, all sessions
cost calculator
per round trip = 2 × median slippage + 2 × taker fee · funding uses the 30-day mean hourly rate, annualised, charged for a position held all day · slippage between tested sizes is interpolated on a log scale · ignores maker rebates, impact that persists after your fill, and fee tiers
history2 market changes to xyz:AMAT observed in the changelog · newest first
2026-06-29 15:05listedannounced→tradingtrading enabled, announced 2026-06-26 · OI cap $25M · 10× max · growth mode on · marginTableId 10 · szDecimals 3 · fundingMultiplier 0.5
2026-06-26 18:05announced—→announcedmarket announced, trading not enabled
observed = first collector snapshot showing the new value, UTC; the change happened between the previous snapshot and that one · announced = the market appeared with trading disabled; listed = trading enabled; trading halt = off and back within 48 h, before → after = mark either side · full changelog · atom feed