xyz:EWTetf · growth mode on · 20× max
Over 106 days of 20-level order-book snapshots, xyz:EWT quoted a median spread of 6.84 bps in US regular hours with $76k resting within 25 bps of mid. A $25k market order paid about 10.23 bps in regular hours and 45.50 bps on weekends, when depth within 25 bps fell to $11k. Taker fee is 0.90 bps with growth mode on; funding averaged -2.74% annualised over the last 30 days.
by sessionNew York time · medians over 106 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 | 4,835 | 6.84 | 13.66 | $76k | 10.23 | 26.25 | 62% | 6% | ||||
| US extended 4–9:30, 16–20 | 7,078 | 8.79 | 18.05 | $24k | 26.15 | 51.83 | 22% | 2% | ||||
| Overnight 20–4 | 4,892 | 8.80 | 16.83 | $22k | 27.80 | 65.87 | 21% | 1% | ||||
| Weekend / holiday | 9,167 | 12.46 | 25.88 | $11k | 45.50 | 121.04 | 10% | 1% |
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
slippage curve
hour of week
weekly · spread
weekly · depth ±25 bps
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
25,972 snapshots · 2026-06-16 18:28 → 2026-09-30 18:22 UTC (106.0 days) · size decimals 2 · raw: /data/xyz/EWT.json · method and caveats: methodology