Headline now: 9 pairs on tape · widest right now: QQQ spot↔perp · RH-Lighter at 14.3bps (≈$14.27 per $10k, cost ≈0.5bps) · US market closed

pairs watched: 9 · SPY spot↔perp · RH-Lighter: med 6.6bps · beyond-cost 0% · perp rich 100% of the time · QQQ spot↔perp · RH-Lighter: med 11.6bps · beyond-cost 42% · perp rich 76% of the time · 5 gaps closed, median 50 min · TSLA spot↔perp · RH-Lighter: med 3.9bps · beyond-cost 0% · perp rich 97% of the time · PLTR spot↔perp · RH-Lighter: med 2.3bps · beyond-cost 0% · perp rich 53% of the time. Question: Same asset on two books, including spot vs its OWN perp on one venue, no bridging, do the prices disagree by more than it costs to cross both? Status on the floor: live. Source: research:liveStudies on blessed-cat-541.convex.cloud.