xyz:HOother / unreviewed · growth mode on · 10× max
Over 1 days of 20-level order-book snapshots, xyz:HO quoted a median spread of 149.63 bps in US regular hours with $0 resting within 25 bps of mid. A $25k market order paid about 421.94 bps in regular hours and — on weekends, when depth within 25 bps fell to —. Taker fee is 0.90 bps with growth mode on; funding averaged +75.44% annualised over the last 30 days.
by sessionNew York time · medians over 1 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 | 56 | 149.63 | 310.05 | $0 | 421.94 | 1225.29 | 46% | 0% | ||||
| US extended 4–9:30, 16–20 | 90 | 222.18 | 439.03 | $0 | 420.11 | 264.04 | 63% | 1% | ||||
| Overnight 20–4 | 63 | 511.96 | 1002.14 | $0 | 508.39 | 52.29 | 11% | 3% |
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 me large orders in HO, $50k or more → sign in free · by email · when the data is rebuilt
daily net taker flow
by session · 30 d
| session | taker buy | taker sell | net | imbalance | trades | share of notional |
|---|---|---|---|---|---|---|
| US regular 9:30–16:00 | $1k | $2k | −$880 | -27.3% | 52 | 4% |
| US extended 4–9:30, 16–20 | $59k | $2k | +$57k | +93.6% | 74 | 73% |
| Overnight 20–4 | $11k | $8k | +$3k | +16.5% | 156 | 23% |
| Weekend / holiday | $0 | $0 | $0 | — | 0 | 0% |
sessions in New York time as in the liquidity table above · share = the session's taker notional over all four, $83k in 30 days
hour of week · taker notional
large orders · 0 latest of 0
No orders of $50k or more in this market's data.
top takers · 30 d
| # | taker address | taker buy | taker sell | net | trades | share |
|---|---|---|---|---|---|---|
| 1 | 0x9dea…d617 | $55k | $1k | +$53k | 51 | 67% |
| 2 | 0x37c2…cb4f | $6k | $6k | +$8 | 35 | 13% |
| 3 | 0xa2ce…1fa9 | $5k | $46 | +$5k | 5 | 6% |
| 4 | 0xc52e…e60d | $2k | $0 | +$2k | 3 | 2% |
| 5 | 0xdce5…892f | $0 | $1k | −$1k | 4 | 1% |
| 6 | 0xa4dd…979e | $323 | $554 | −$231 | 46 | 1% |
| 7 | 0xf906…4154 | $452 | $405 | +$47 | 3 | 1% |
| 8 | 0xf814…da1e | $391 | $391 | $0 | 24 | 1% |
| 9 | 0xd676…11b2 | $0 | $635 | −$635 | 4 | 1% |
| 10 | 0xa9c0…1fcc | $282 | $292 | −$11 | 10 | 1% |
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 $83k of 30-day taker notional (282 trades, 41 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/HO.json · definitions in methodology
fundinghourly settlements · positive = longs pay · neutral 5.48% APR · all markets
alert me HO funding above or below a level I set → sign in free · by email · when the data is rebuilt
hour of week · mean funding apr
funding by session
| session | apr · 30d | hours · 30d | above neutral · 30d | apr · all | hours · all | above neutral · all |
|---|---|---|---|---|---|---|
| US regular 9:30–16:00 | +78.05% | 6 | 50% | +78.05% | 6 | 50% |
| US extended 4–9:30, 16–20 | -99.99% | 10 | 30% | -99.99% | 10 | 30% |
| Overnight 20–4 | +293% | 8 | 62% | +293% | 8 | 62% |
| Weekend / holiday | — | 0 | — | — | 0 | — |
mean of the hourly rates settled in each session, annualised · 30d = the 720 hours ending at the last settlement, all = since 2026-10-01 · above neutral = share of those hours settled above 5.48% APR
largest settlements · 30 d
| settled · ET | session | rate bps/h | APR |
|---|---|---|---|
| 09-30 23:0010-01 03:00 UTC | overnight | +12.89 | +1,129% |
| 10-01 04:0010-01 08:00 UTC | overnight | -6.876 | -602% |
| 10-01 02:0010-01 06:00 UTC | overnight | +6.667 | +584% |
| 10-01 03:0010-01 07:00 UTC | overnight | +6.616 | +580% |
| 10-01 00:0010-01 04:00 UTC | overnight | +5.921 | +519% |
| 10-01 14:0010-01 18:00 UTC | US regular | +5.8 | +508% |
| 10-01 15:0010-01 19:00 UTC | US regular | +4.526 | +396% |
| 10-01 12:0010-01 16:00 UTC | US regular | -4.464 | -391% |
| 10-01 05:0010-01 09:00 UTC | US extended | -4.335 | -380% |
| 10-01 07:0010-01 11:00 UTC | US extended | -3.831 | -336% |
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/HO.json · definitions in methodology
slippage curve
hour of week
weekly · spread
weekly · depth ±25 bps
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
history4 market changes to xyz:HO observed in the changelog · newest first
- 2026-10-01 02:19listedannounced → tradingtrading enabled, announced 2026-09-18 · OI cap $25M · 10× max · growth mode on · marginTableId 10 · szDecimals 0 · fundingMultiplier 0.5
- 2026-10-01 01:19growth modedisabled → enabledgrowthMode observed changing from disabled to enabled
- 2026-10-01 01:19OI cap— → $25.0MoiCap observed changing from unknown to $25M
- 2026-09-18 12:28announced— → announcedmarket announced, trading not enabled
Plus 1 funding-parameter change on 1 day, not listed here: show them in the changelog.
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
209 snapshots · 2026-10-01 02:22 → 2026-10-02 00:37 UTC (0.9 days) · size decimals 0 · raw: /api/xyz/HO.json · method and caveats: methodology