para:VSTus equity · growth mode on · 10× max
Over 65 days of 20-level order-book snapshots, para:VST quoted a median spread of 14.32 bps in US regular hours with $100k resting within 25 bps of mid. A $25k market order paid about 8.99 bps in regular hours and 28.52 bps on weekends, when depth within 25 bps fell to $30k. Taker fee is 0.90 bps with growth mode on; funding averaged +46.41% annualised over the last 30 days.
order book replay48 snapshots · 2026-10-08 11:06 → 16:46 UTC · VST.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 65 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 | 2,758 | 14.32 | 18.62 | $100k | 8.99 | 40.79 | 71% | 29% | ||||
| US extended 4–9:30, 16–20 | 4,101 | 25.40 | 33.00 | $51k | 14.04 | 54.01 | 68% | 26% | ||||
| Overnight 20–4 | 2,900 | 25.06 | 28.50 | $41k | 17.79 | 69.13 | 66% | 29% | ||||
| Weekend / holiday | 4,775 | 33.02 | 38.24 | $30k | 28.52 | 89.61 | 76% | 11% |
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
history4 market changes to para:VST observed in the changelog · newest first
- 2026-08-04 16:52listedannounced → tradingtrading enabled, announced 2026-07-24 · OI cap $25M · 10× max · growth mode on · marginTableId 10 · szDecimals 2 · fundingMultiplier 0.6
- 2026-07-27 13:52growth modedisabled → enabledgrowthMode observed changing from disabled to enabled
- 2026-07-27 13:52OI cap— → $25.0MoiCap observed changing from unknown to $25M
- 2026-07-24 20:52announced— → 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
14,534 snapshots · 2026-08-04 16:54 → 2026-10-08 16:16 UTC (65.0 days) · size decimals 2 · raw: /api/para/VST.json · method and caveats: methodology