OPEN · ETH-USD spot Binance ↔ Coinbase
Latency Arb (HFT) on ETH · regime RANGE_BOUND · decided in 6.84 ms of a 10 ms budget.
Model snapshot at decision time
SleeveCR.5 — Latency Arb (HFT)
Decided at2026-05-20T13:14:48.000Z
UnderlyingETH
Spot$3,199.40
IV percentile 90d65.0%
IV–RV spread1,610 bps
RegimeRANGE_BOUND
Confidence94.0%
Expected edge12 bps
Expected payoff$142
Capital at risk$250,000
Latency budget10 ms
Decided within6.840 ms
Rationale tree · 2 of 2 rules fired
CR5.CROSS_VENUE_DISLOCATIONweight 70% · v0.3
spread_bps_binance_coinbase >= 8 (obs 12.4)
Spread 12.4 bps between venues; >8 bps trigger after fees + latency
CR5.LATENCY_BUDGET_OKweight 25% · v0.3
predicted_decay_ms <= 800 (obs 320)
Predicted spread decay 320 ms within 800 ms budget given current PoP
Resulting order intent
BUY · 80 · ETH-USD spot Binance ↔ Coinbase
Side
BUY
Qty
80
Limit
$3,198.90
Fill
$3,198.95