xyz:TLTequity & other · growth mode on · 20× max
Over 13 days of 20-level order-book snapshots, xyz:TLT quoted a median spread of 29.70 bps in US regular hours with $85k resting within 25 bps of mid. A $25k market order paid about 25.18 bps in regular hours and 28.33 bps on weekends, when depth within 25 bps fell to $44k. Taker fee is 0.90 bps with growth mode on; funding averaged +22.60% annualised over the last 30 days.
by sessionNew York time · medians over 13 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 | 547 | 29.70 | 61.90 | $85k | 25.18 | 31.30 | 81% | 41% | ||||
| US extended 4–9:30, 16–20 | 806 | 38.93 | 77.69 | $26k | 29.65 | 40.47 | 76% | 11% | ||||
| Overnight 20–4 | 534 | 21.84 | 75.24 | $101k | 19.60 | 30.63 | 71% | 19% | ||||
| Weekend / holiday | 1,096 | 26.63 | 63.66 | $44k | 28.33 | 45.74 | 67% | 10% |
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
2,983 snapshots · 2026-09-17 20:33 → 2026-09-30 18:24 UTC (12.9 days) · size decimals 2 · raw: /data/xyz/TLT.json · method and caveats: methodology