para:CIENus equity · growth mode on · 10× max
Over 62 days of 20-level order-book snapshots, para:CIEN quoted a median spread of 37.83 bps in US regular hours with $40k resting within 25 bps of mid. A $25k market order paid about 23.49 bps in regular hours and 58.75 bps on weekends, when depth within 25 bps fell to $0. Taker fee is 0.90 bps with growth mode on; funding averaged +11.27% annualised over the last 30 days.
order book replay48 snapshots · 2026-10-08 12:56 → 16:51 UTC · CIEN.json
depth = USD resting within ±25 bps of mid · slip = $25k market order through the book, avg fill vs mid, buy/sell mean · med = this market's median in the snapshot's session
order book replay: no recent order book snapshots
by sessionNew York time · medians over 62 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 | 2,614 | 37.83 | 38.19 | $40k | 23.49 | 86.49 | 96% | 0% | ||||
| US extended 4–9:30, 16–20 | 3,768 | 58.03 | 129.86 | $0 | 34.93 | 118.54 | 94% | 0% | ||||
| Overnight 20–4 | 2,629 | 58.06 | 99.20 | $0 | 40.93 | 155.17 | 96% | 0% | ||||
| Weekend / holiday | 4,761 | 66.47 | 68.13 | $0 | 58.75 | 187.37 | 98% | 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
history3 market changes to para:CIEN observed in the changelog · newest first
- 2026-08-07 12:52listedannounced → tradingtrading enabled, announced 2026-07-30 · OI cap $25M · 10× max · growth mode on · marginTableId 10 · szDecimals 2 · fundingMultiplier 0.6
- 2026-08-06 10:52OI cap— → $25.0MoiCap observed changing from unknown to $25M
- 2026-07-30 01:52announced— → announcedmarket announced, trading not enabled
Plus 1 funding-parameter change on 1 day, not listed here: show them in the changelog.
observed = first collector snapshot showing the new value, UTC; the change happened between the previous snapshot and that one announced = the market appeared with trading disabled; listed = trading enabled; trading halt = off and back within 48 h, before → after = mark either side full changelog atom feed
13,772 snapshots · 2026-08-07 12:53 → 2026-10-08 16:21 UTC (62.1 days) · size decimals 2 · raw: /api/para/CIEN.json · method and caveats: methodology