xyz:MSTRequity & other · growth mode off · 10× max
Over 106 days of 20-level order-book snapshots, xyz:MSTR quoted a median spread of 1.66 bps in US regular hours with $465k resting within 25 bps of mid. A $25k market order paid about 2.39 bps in regular hours and 2.96 bps on weekends, when depth within 25 bps fell to $292k. Taker fee is 9.00 bps; funding averaged +12.76% 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 | 4,820 | 1.66 | 3.91 | $465k | 2.39 | 3.53 | 69% | 45% | ||||
| US extended 4–9:30, 16–20 | 7,069 | 1.41 | 3.29 | $269k | 2.68 | 4.02 | 50% | 35% | ||||
| Overnight 20–4 | 4,877 | 1.55 | 3.72 | $230k | 2.80 | 4.28 | 48% | 30% | ||||
| Weekend / holiday | 9,170 | 1.21 | 3.54 | $292k | 2.96 | 5.18 | 54% | 8% |
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
25,936 snapshots · 2026-06-16 18:29 → 2026-09-30 18:23 UTC (106.0 days) · size decimals 3 · raw: /data/xyz/MSTR.json · method and caveats: methodology