xyz:SOFTBANKequity & other · growth mode on · 10× max
Over 97 days of 20-level order-book snapshots, xyz:SOFTBANK quoted a median spread of 34.96 bps in US regular hours with $285 resting within 25 bps of mid. A $25k market order paid about 108.67 bps in regular hours and 85.44 bps on weekends, when depth within 25 bps fell to $297. Taker fee is 0.90 bps with growth mode on; funding averaged +17.58% annualised over the last 30 days.
by sessionNew York time · medians over 97 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 | 4,379 | 34.96 | 127.35 | $285 | 108.67 | 109.23 | 1% | 1% | ||||
| US extended 4–9:30, 16–20 | 6,360 | 32.18 | 135.69 | $422 | 95.71 | 508.82 | 0% | 0% | ||||
| Overnight 20–4 | 4,354 | 21.94 | 85.91 | $6k | 46.69 | 38.67 | 20% | 6% | ||||
| Weekend / holiday | 8,291 | 38.44 | 113.84 | $297 | 85.44 | 43.44 | 5% | 2% |
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
23,384 snapshots · 2026-06-26 00:10 → 2026-09-30 18:24 UTC (96.8 days) · size decimals 3 · raw: /data/xyz/SOFTBANK.json · method and caveats: methodology