Headline now: 9 pairs on tape · widest right now: QQQ spot↔perp · RH-Lighter at 10.5bps (≈$10.49 per $10k, cost ≈6.0bps) · US market closed

pairs watched: 9 · SPY spot↔perp · RH-Lighter: med 7.1bps · beyond-cost 4% · perp rich 100% of the time · QQQ spot↔perp · RH-Lighter: med 11.2bps · beyond-cost 39% · perp rich 100% of the time · TSLA spot↔perp · RH-Lighter: med 5.2bps · beyond-cost 1% · perp rich 92% of the time · PLTR spot↔perp · RH-Lighter: med 6.5bps · beyond-cost 0% · perp rich 65% 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.