xyz:CXMTequity & other · growth mode on · 10× max
Over 78 days of 20-level order-book snapshots, xyz:CXMT quoted a median spread of 4.31 bps in US regular hours with $50k resting within 25 bps of mid. A $25k market order paid about 7.28 bps in regular hours and 9.92 bps on weekends, when depth within 25 bps fell to $31k. Taker fee is 0.90 bps with growth mode on; funding averaged -23.50% annualised over the last 30 days.
by sessionNew York time · medians over 78 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 | 3,510 | 4.31 | 11.70 | $50k | 7.28 | 12.78 | 2% | 0% | ||||
| US extended 4–9:30, 16–20 | 5,138 | 4.35 | 12.56 | $44k | 7.56 | 13.05 | 3% | 0% | ||||
| Overnight 20–4 | 3,492 | 5.04 | 15.79 | $71k | 7.87 | 11.74 | 8% | 0% | ||||
| Weekend / holiday | 6,193 | 4.51 | 12.86 | $31k | 9.92 | 14.26 | 1% | 0% |
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
18,333 snapshots · 2026-07-15 02:22 → 2026-09-30 18:15 UTC (77.7 days) · size decimals 1 · raw: /data/xyz/CXMT.json · method and caveats: methodology