CROSS-VENUE EXECUTION INTELLIGENCE
Price the spread.
Keep what is executable.
Live order-book depth across every discovered Backpack stock book and Hyperliquid HIP-3 pool, plus Bybit and Gate.io. Every opportunity is normalized to the same share quantity and netted for fees, spread and price impact.
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Multi-market discovery is on. The engine checks every matching Hyperliquid deployer pool and both Backpack spot/perp books. Backpack’s 1,166 real-stock RFQ markets need an authenticated quote before they can be called executable, so they are not mixed into these results.
OPPORTUNITY BOARD
Net execution spreads
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| Asset | Route | Buy VWAP | Sell VWAP | Gross | Costs | Net edge | Executable | |
|---|---|---|---|---|---|---|---|---|
Walking live order books… | ||||||||
Auto-refresh every 15 secondsPrices are indicative, not an execution guarantee.
METHODOLOGY
From headline spread to
tradeable edge.
01
Walk both booksBuy asks and sell bids are consumed level by level to a shared quantity.
02
Apply actual costsPool-specific maker/taker fees are applied per leg, with conservative taker exits.
03
Reserve the exitRound-trip fees and a second impact allowance prevent optimistic signals.
These are cross-venue equity perpetual basis trades, not guaranteed risk-free arbitrage. Funding, margin, counterparty, oracle, quote-currency, execution-latency and product-basis risks remain. Confirm account-specific fees and venue eligibility before trading.