Over 107 days of 20-level order-book snapshots, xyz:LITE quoted a median spread of 2.94 bps in US regular hours with $161k resting within 25 bps of mid. A $25k market order paid about 4.57 bps in regular hours and 5.56 bps on weekends, when depth within 25 bps fell to $87k. Taker fee is 0.90 bps with growth mode on; funding averaged +6.61% annualised over the last 30 days.
spread · rth
2.94 bps
median · p90 6.78 bps
depth ±25bps · rth
$161k
median, both sides
$25k slip · rth
4.57 bps
fills 97%
$25k slip · wknd
5.56 bps
fills 76%
taker fee
0.90 bps
fee scale 1.0 · growth mode on
funding apr · 30d
+6.61%
longs pay when positive · 7d +7.03%
vol 24h · 30d avg
$3.5M
notional
open interest
$10.8M
both sides · 2026-10-02
by sessionNew York time · medians over 107 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
4,897
2.94
6.78
$2k
$106k
$161k
$163k
2.77
4.57
8.26
12%
1%
US extended 4–9:30, 16–20
7,201
2.40
4.84
$2k
$85k
$114k
$114k
2.61
4.58
8.39
2%
0%
Overnight 20–4
4,945
2.49
5.32
$2k
$80k
$106k
$106k
2.74
4.75
10.08
1%
0%
Weekend / holiday
9,149
2.36
4.84
$1k
$60k
$87k
$87k
3.08
5.56
9.52
0%
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 LITE, $50k or more→ sign infree · by email · when the data is rebuilt
taker buy · 24h
$5.0M
30d $47.6M
taker sell · 24h
$4.0M
30d $51.9M
imbalance · 24h
+10.3%
of $9.0M · 30d -4.2% of $99.5M
trades · 24h
6,403
41 large orders · 30d 151,584
takers · 24h
351
142 makers · 412 addresses
takers · 30d
1,469
1,556 addresses incl. makers
top-10 share · 30d
47%
of $99.5M by 1,469 takers · 12 make half
concentration · 30d
0.031
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: −$8k so far
by session · 30 d
session
taker buy
taker sell
net
imbalance
trades
share of notional
US regular 9:30–16:00
$28.3M
$30.3M
−$1.9M
-3.3%
69,890
59%
US extended 4–9:30, 16–20
$9.9M
$12.2M
−$2.3M
-10.3%
42,480
22%
Overnight 20–4
$5.3M
$5.2M
+$75k
+0.7%
21,424
11%
Weekend / holiday
$4.1M
$4.2M
−$81k
-1.0%
17,790
8%
sessions in New York time as in the liquidity table above · share = the session's taker notional over all four, $99.5M 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 $99.5M of 30-day taker notional (151,584 trades, 1,469 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/LITE.json · definitions in methodology
alert meLITE 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
+5.48%
+0.0625 bps/h · as of 10-01 22:15 ET
apr · 24h
+7.99%
19 of 24 hours observed
apr · 7d
+7.03%
163 of 168 hours observed
apr · 30d
+6.61%
548 of 720 hours · stdev 25.45%
paid by a long · 30d
41.35 bps
of notional, over 548 observed hours
hours above neutral · 30d
34%
at 52% · below 14% · negative 10%
range · 30d
+142%
highest hour · lowest -268%
daily funding apr
mean of the observed hourly rates per UTC day, annualised · up = longs paid, down = shorts paid · dashed = neutral 5.48% · 110 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 = ±22.92% 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
+9.57%
93
35%
+12.67%
411
39%
US extended 4–9:30, 16–20
+11.16%
158
42%
+12.81%
692
41%
Overnight 20–4
+10.37%
109
46%
+12.07%
458
37%
Weekend / holiday
-0.86%
188
21%
+5.67%
847
33%
mean of the hourly rates settled in each session, annualised · 30d = the 720 hours ending at the last settlement, all = since 2026-06-14 · above neutral = share of those hours settled above 5.48% APR
largest settlements · 30 d
settled · ET
session
rate bps/h
APR
09-13 19:0009-13 23:00 UTC
weekend / holiday
-3.062
-268%
09-13 05:0009-13 09:00 UTC
weekend / holiday
-2.467
-216%
09-13 20:0009-14 00:00 UTC
weekend / holiday
-2.351
-206%
09-13 03:0009-13 07:00 UTC
weekend / holiday
-1.979
-173%
09-11 21:0009-12 01:00 UTC
weekend / holiday
+1.616
+142%
09-13 04:0009-13 08:00 UTC
weekend / holiday
-1.187
-104%
09-13 13:0009-13 17:00 UTC
weekend / holiday
+0.8814
+77.21%
09-07 14:0009-07 18:00 UTC
weekend / holiday
+0.8291
+72.63%
09-07 11:0009-07 15:00 UTC
weekend / holiday
+0.7252
+63.53%
09-23 18:0009-23 22:00 UTC
US extended
+0.6624
+58.03%
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/LITE.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 107 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
history1 market change to xyz:LITE observed in the changelog · newest first
2026-08-10 13:52OI cap$50.0M↑$100.0MoiCap observed changing from $50M to $100M
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