Headline now: 9 pairs on tape · widest right now: QQQ · RH-Lighter ↔ Lighter-Mainnet (spot) at 12.7bps (≈$12.71 per $10k, cost ≈4.4bps) · US market closed

pairs watched: 9 · SPY spot↔perp · RH-Lighter: med 4.3bps · beyond-cost 0% · perp rich 97% of the time · QQQ spot↔perp · RH-Lighter: med 8.8bps · beyond-cost 30% · spot rich 57% of the time · 5 gaps closed, median 50 min · TSLA spot↔perp · RH-Lighter: med 5.0bps · beyond-cost 0% · perp rich 83% of the time · PLTR spot↔perp · RH-Lighter: med 7.6bps · beyond-cost 0% · perp rich 66% 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.