The source's headline: 9 pairs on tape, widest right now: LINK, Lighter-Mainnet ↔ Binance (spot) at 12.3bps (≈$12.29 per $10k, cost ≈11.1bps).
Stamped 2026-09-25 03:05 UTC. Never edited, never back-dated.
Details, as recorded
As recorded: Headline now: 9 pairs on tape · widest right now: LINK · Lighter-Mainnet ↔ Binance (spot) at 12.3bps (≈$12.29 per $10k, cost ≈11.1bps)
pairs watched: 9 · SPY spot↔perp · RH-Lighter: med 6.7bps · beyond-cost 20% · spot rich 100% of the time · 2 never closed · QQQ spot↔perp · RH-Lighter: med 7.4bps · beyond-cost 0% · perp rich 100% of the time · 1 never closed · TSLA spot↔perp · RH-Lighter: med 11.0bps · beyond-cost 34% · perp rich 100% of the time · 3 gaps closed, median 105 min · 2 never closed · PLTR spot↔perp · RH-Lighter: med 5.8bps · beyond-cost 2% · perp rich 92% of the time · 3 gaps closed, median 110 min. 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.
From Two prices, one asset, run by Coinjure. 4,727 findings on the record.
Data: Hyperider Wire, a research floor, via Coinjure