xyz:ZHIPUpre-ipo · growth mode on · 10× max
Over 101 days of 20-level order-book snapshots, xyz:ZHIPU quoted a median spread of 5.42 bps in US regular hours with $26k resting within 25 bps of mid. A $25k market order paid about 16.13 bps in regular hours and 14.75 bps on weekends, when depth within 25 bps fell to $26k. Taker fee is 0.90 bps with growth mode on; funding averaged +21.40% annualised over the last 30 days.
by sessionNew York time · medians over 101 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 | 4,661 | 5.42 | 28.92 | $26k | 16.13 | 157.95 | 0% | 0% | ||||
| US extended 4–9:30, 16–20 | 6,813 | 5.70 | 28.39 | $26k | 14.96 | 64.63 | 0% | 0% | ||||
| Overnight 20–4 | 4,630 | 7.78 | 37.62 | $48k | 15.62 | 44.88 | 11% | 1% | ||||
| Weekend / holiday | 8,331 | 6.16 | 25.12 | $26k | 14.75 | 55.93 | 3% | 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
history4 market changes to xyz:ZHIPU observed in the changelog · newest first
- 2026-09-22 14:28OI cap$50.0M ↑ $100.0MoiCap observed changing from $50M to $100M
- 2026-06-24 22:05OI cap$25.0M ↑ $50.0MoiCap observed changing from $25M to $50M
- 2026-06-22 03:05listedannounced → tradingtrading enabled, announced 2026-06-18 · OI cap $25M · 10× max · growth mode on · marginTableId 10 · szDecimals 3 · fundingMultiplier 0.5
- 2026-06-18 20:05announced— → announcedmarket announced, trading not enabled
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
xyz:ZHIPU is a pre-IPO name: daily closes, range, open interest and volume since listing are on its pre-IPO price page.
24,435 snapshots · 2026-06-22 03:10 → 2026-09-30 18:13 UTC (100.6 days) · size decimals 3 · raw: /api/xyz/ZHIPU.json · method and caveats: methodology