Liquidity Index

FLT liquidity, last 7 days

Period 2026-10-21 00:00 to 2026-10-28 00:00 UTC · Updated 2026-10-28 22:05 UTC
Price 0.004736 / 0.004382 (-7.5%)
KPI met0 of 5

Missesquote uptime 0.0% (target 95.0%); median spread 189.2 bp (cap 20.0 bp); depth per side within 1% $45 (target $100.0k); the book is too thin to fill a $50k order (cap 50.0 bp); 3 quote-pull episodes (target 0).

Measured on 2 venue pairs over 7 full days. This describes the public book, not the contract of any market maker.

KPI uptime, pooled
0.0%
Uptime at $25k / 20 bp
0.0%
Depth within 1%, both sides, sum of venues
$327
Median spread
189.2 bp
Cost of a $50k order
book too thin to fill $50k
Quote-pull episodes
3
Taker turnover, 7 days
$61.9k
Pairs
2

Are you the FLT team?

Get the full report: every venue, failing hours, who sold into drops, peers, Hyperliquid positioning. The first 7 days are free.

KPI check

KPITargetMeasuredResult
Quote uptime ($100k per side within 1%, spread up to 20 bp)≥ 95.0%0.0%not met
Median spread, bp (median across venue pairs)≤ 20.0 bp189.2 bpnot met
Median depth per side within 1% (median across pairs and sides)≥ $100.0k$45not met
Cost of a $50k market order, bp (median across pairs and sides)≤ 50.0 bpbook too thin to fill $50knot met
Quote-pull episodes≤ 03not met

Targets source: SSV MM Oversight Committee temp check 20.06.2025 (red flags: spread > 20 bp, depth < $100k, uptime < 95%); Lido Growth Committee MM mandate 31.08.2026 (uptime > 95%, depth at 50/100/200 bp per venue).

By venue pair

Uptime at T2/S1 = $100k per side within 1% and spread up to 20 bp; T1/S1 = $25k and 20 bp. Depth = median over the period. Cost = median bp from mid for a market order of that size (buy / sell). Coverage = share of minutes with data for that venue.

PairCoverageUptime T2/S1Uptime T1/S1Spread med / p90, bpBid 1%Ask 1%Both 2%Cost $10kCost $50kCost $100kQuote pullsTurnover share
Gate spot98.1%0.0%0.0%139.3 / 327.5$45$63$2.2ktoo thin / too thintoo thin / too thintoo thin / too thin1100.0%
MEXC spot98.5%0.0%0.0%189.2 / 258.3$8$5$1.8ktoo thin / 169.5too thin / too thintoo thin / too thin2n/a

By hour

Quote uptime at T2/S1, all pairs pooled, %
0.0%50.0%100.0%≥ 95.0%10-2110-2210-2310-2410-2510-2610-2710-21 00:00 UTC: 0.0%10-21 01:00 UTC: 0.0%10-21 02:00 UTC: 0.0%10-21 03:00 UTC: 0.0%10-21 04:00 UTC: 0.0%10-21 05:00 UTC: 0.0%10-21 06:00 UTC: 0.0%10-21 07:00 UTC: 0.0%10-21 08:00 UTC: 0.0%10-21 09:00 UTC: 0.0%10-21 10:00 UTC: 0.0%10-21 11:00 UTC: 0.0%10-21 12:00 UTC: 0.0%10-21 13:00 UTC: 0.0%10-21 14:00 UTC: 0.0%10-21 15:00 UTC: 0.0%10-21 16:00 UTC: 0.0%10-21 17:00 UTC: 0.0%10-21 18:00 UTC: 0.0%10-21 19:00 UTC: 0.0%10-21 20:00 UTC: 0.0%10-21 21:00 UTC: 0.0%10-21 22:00 UTC: 0.0%10-21 23:00 UTC: 0.0%10-22 00:00 UTC: 0.0%10-22 01:00 UTC: 0.0%10-22 02:00 UTC: 0.0%10-22 03:00 UTC: 0.0%10-22 04:00 UTC: 0.0%10-22 05:00 UTC: 0.0%10-22 06:00 UTC: 0.0%10-22 07:00 UTC: 0.0%10-22 08:00 UTC: 0.0%10-22 09:00 UTC: 0.0%10-22 10:00 UTC: 0.0%10-22 11:00 UTC: 0.0%10-22 12:00 UTC: 0.0%10-22 13:00 UTC: 0.0%10-22 14:00 UTC: 0.0%10-22 15:00 UTC: 0.0%10-22 16:00 UTC: 0.0%10-22 17:00 UTC: 0.0%10-22 18:00 UTC: 0.0%10-22 19:00 UTC: 0.0%10-22 20:00 UTC: 0.0%10-22 21:00 UTC: 0.0%10-22 22:00 UTC: 0.0%10-22 23:00 UTC: 0.0%10-23 00:00 UTC: 0.0%10-23 01:00 UTC: 0.0%10-23 02:00 UTC: 0.0%10-23 03:00 UTC: 0.0%10-23 04:00 UTC: 0.0%10-23 05:00 UTC: 0.0%10-23 06:00 UTC: 0.0%10-23 07:00 UTC: 0.0%10-23 08:00 UTC: 0.0%10-23 09:00 UTC: 0.0%10-23 10:00 UTC: 0.0%10-23 11:00 UTC: 0.0%10-23 12:00 UTC: 0.0%10-23 13:00 UTC: 0.0%10-23 14:00 UTC: 0.0%10-23 15:00 UTC: 0.0%10-23 16:00 UTC: 0.0%10-23 17:00 UTC: 0.0%10-23 18:00 UTC: 0.0%10-23 19:00 UTC: 0.0%10-23 20:00 UTC: 0.0%10-23 21:00 UTC: 0.0%10-23 22:00 UTC: 0.0%10-23 23:00 UTC: 0.0%10-24 00:00 UTC: 0.0%10-24 01:00 UTC: 0.0%10-24 02:00 UTC: 0.0%10-24 03:00 UTC: 0.0%10-24 04:00 UTC: 0.0%10-24 05:00 UTC: 0.0%10-24 06:00 UTC: 0.0%10-24 07:00 UTC: 0.0%10-24 08:00 UTC: 0.0%10-24 09:00 UTC: 0.0%10-24 10:00 UTC: 0.0%10-24 11:00 UTC: 0.0%10-24 12:00 UTC: 0.0%10-24 13:00 UTC: 0.0%10-24 14:00 UTC: 0.0%10-24 15:00 UTC: 0.0%10-24 16:00 UTC: 0.0%10-24 17:00 UTC: 0.0%10-24 18:00 UTC: 0.0%10-24 19:00 UTC: 0.0%10-24 20:00 UTC: 0.0%10-24 21:00 UTC: 0.0%10-24 22:00 UTC: 0.0%10-24 23:00 UTC: 0.0%10-25 00:00 UTC: 0.0%10-25 01:00 UTC: 0.0%10-25 02:00 UTC: 0.0%10-25 03:00 UTC: 0.0%10-25 04:00 UTC: 0.0%10-25 05:00 UTC: 0.0%10-25 06:00 UTC: 0.0%10-25 07:00 UTC: 0.0%10-25 08:00 UTC: 0.0%10-25 09:00 UTC: 0.0%10-25 10:00 UTC: 0.0%10-25 11:00 UTC: 0.0%10-25 12:00 UTC: 0.0%10-25 13:00 UTC: 0.0%10-25 14:00 UTC: 0.0%10-25 15:00 UTC: 0.0%10-25 16:00 UTC: 0.0%10-25 17:00 UTC: 0.0%10-25 18:00 UTC: 0.0%10-25 19:00 UTC: 0.0%10-25 20:00 UTC: 0.0%10-25 21:00 UTC: 0.0%10-25 22:00 UTC: 0.0%10-25 23:00 UTC: 0.0%10-26 00:00 UTC: 0.0%10-26 01:00 UTC: 0.0%10-26 02:00 UTC: 0.0%10-26 03:00 UTC: 0.0%10-26 04:00 UTC: 0.0%10-26 05:00 UTC: 0.0%10-26 06:00 UTC: 0.0%10-26 07:00 UTC: 0.0%10-26 08:00 UTC: 0.0%10-26 09:00 UTC: 0.0%10-26 10:00 UTC: 0.0%10-26 11:00 UTC: 0.0%10-26 12:00 UTC: 0.0%10-26 13:00 UTC: 0.0%10-26 14:00 UTC: 0.0%10-26 15:00 UTC: 0.0%10-26 16:00 UTC: 0.0%10-26 17:00 UTC: 0.0%10-26 18:00 UTC: 0.0%10-26 19:00 UTC: 0.0%10-26 20:00 UTC: 0.0%10-26 21:00 UTC: 0.0%10-26 22:00 UTC: 0.0%10-26 23:00 UTC: 0.0%10-27 00:00 UTC: 0.0%10-27 01:00 UTC: 0.0%10-27 02:00 UTC: 0.0%10-27 03:00 UTC: 0.0%10-27 04:00 UTC: n/a10-27 05:00 UTC: 0.0%10-27 06:00 UTC: 0.0%10-27 07:00 UTC: 0.0%10-27 08:00 UTC: 0.0%10-27 09:00 UTC: 0.0%10-27 10:00 UTC: 0.0%10-27 11:00 UTC: 0.0%10-27 12:00 UTC: 0.0%10-27 13:00 UTC: 0.0%10-27 14:00 UTC: 0.0%10-27 15:00 UTC: 0.0%10-27 16:00 UTC: 0.0%10-27 17:00 UTC: 0.0%10-27 18:00 UTC: 0.0%10-27 19:00 UTC: 0.0%10-27 20:00 UTC: 0.0%10-27 21:00 UTC: 0.0%10-27 22:00 UTC: 0.0%10-27 23:00 UTC: 0.0%
Median spread across venue pairs, bp
0.0255.6511.2≤ 20.0 bp10-2110-2210-2310-2410-2510-2610-2710-21 00:00 UTC: 43.610-21 01:00 UTC: 123.610-21 02:00 UTC: 136.410-21 03:00 UTC: 169.510-21 04:00 UTC: 245.310-21 05:00 UTC: 200.710-21 06:00 UTC: 52.310-21 07:00 UTC: 22.010-21 08:00 UTC: 149.810-21 09:00 UTC: 179.010-21 10:00 UTC: 198.810-21 11:00 UTC: 213.410-21 12:00 UTC: 196.910-21 13:00 UTC: 190.910-21 14:00 UTC: 140.410-21 15:00 UTC: 182.310-21 16:00 UTC: 225.510-21 17:00 UTC: 268.110-21 18:00 UTC: 248.810-21 19:00 UTC: 219.910-21 20:00 UTC: 185.710-21 21:00 UTC: 181.610-21 22:00 UTC: 176.310-21 23:00 UTC: 161.710-22 00:00 UTC: 129.210-22 01:00 UTC: 153.410-22 02:00 UTC: 118.810-22 03:00 UTC: 135.310-22 04:00 UTC: 129.110-22 05:00 UTC: 153.910-22 06:00 UTC: 137.410-22 07:00 UTC: 140.210-22 08:00 UTC: 168.310-22 09:00 UTC: 114.210-22 10:00 UTC: 112.110-22 11:00 UTC: 162.110-22 12:00 UTC: 196.710-22 13:00 UTC: 214.710-22 14:00 UTC: 209.410-22 15:00 UTC: 147.010-22 16:00 UTC: 209.110-22 17:00 UTC: 196.810-22 18:00 UTC: 211.410-22 19:00 UTC: 222.910-22 20:00 UTC: 226.610-22 21:00 UTC: 273.310-22 22:00 UTC: 235.710-22 23:00 UTC: 247.010-23 00:00 UTC: 232.210-23 01:00 UTC: 248.910-23 02:00 UTC: 419.110-23 03:00 UTC: 304.110-23 04:00 UTC: 356.010-23 05:00 UTC: 360.410-23 06:00 UTC: 386.510-23 07:00 UTC: 344.810-23 08:00 UTC: 336.410-23 09:00 UTC: 132.810-23 10:00 UTC: 375.810-23 11:00 UTC: 356.410-23 12:00 UTC: 511.210-23 13:00 UTC: 410.110-23 14:00 UTC: 408.510-23 15:00 UTC: 447.710-23 16:00 UTC: 415.710-23 17:00 UTC: 203.110-23 18:00 UTC: 216.310-23 19:00 UTC: 214.110-23 20:00 UTC: 175.510-23 21:00 UTC: 179.910-23 22:00 UTC: 157.210-23 23:00 UTC: 168.310-24 00:00 UTC: 168.310-24 01:00 UTC: 191.510-24 02:00 UTC: 139.510-24 03:00 UTC: 201.810-24 04:00 UTC: 111.010-24 05:00 UTC: 84.610-24 06:00 UTC: 146.910-24 07:00 UTC: 317.510-24 08:00 UTC: 273.710-24 09:00 UTC: 295.810-24 10:00 UTC: 332.910-24 11:00 UTC: 304.810-24 12:00 UTC: 239.410-24 13:00 UTC: 233.710-24 14:00 UTC: 243.410-24 15:00 UTC: 220.310-24 16:00 UTC: 273.110-24 17:00 UTC: 274.110-24 18:00 UTC: 273.410-24 19:00 UTC: 220.410-24 20:00 UTC: 162.610-24 21:00 UTC: 216.310-24 22:00 UTC: 214.010-24 23:00 UTC: 126.410-25 00:00 UTC: 106.110-25 01:00 UTC: 23.410-25 02:00 UTC: 274.010-25 03:00 UTC: 290.310-25 04:00 UTC: 281.410-25 05:00 UTC: 251.910-25 06:00 UTC: 231.510-25 07:00 UTC: 166.510-25 08:00 UTC: 208.910-25 09:00 UTC: 199.810-25 10:00 UTC: 277.110-25 11:00 UTC: 234.410-25 12:00 UTC: 207.410-25 13:00 UTC: 201.410-25 14:00 UTC: 212.910-25 15:00 UTC: 201.210-25 16:00 UTC: 213.510-25 17:00 UTC: 162.910-25 18:00 UTC: 226.110-25 19:00 UTC: 242.610-25 20:00 UTC: 214.210-25 21:00 UTC: 217.210-25 22:00 UTC: 212.810-25 23:00 UTC: 246.210-26 00:00 UTC: 225.310-26 01:00 UTC: 226.910-26 02:00 UTC: 270.110-26 03:00 UTC: 267.310-26 04:00 UTC: 282.610-26 05:00 UTC: 268.510-26 06:00 UTC: 251.410-26 07:00 UTC: 270.710-26 08:00 UTC: 261.810-26 09:00 UTC: 114.910-26 10:00 UTC: 131.210-26 11:00 UTC: 131.210-26 12:00 UTC: 131.210-26 13:00 UTC: 135.810-26 14:00 UTC: 115.610-26 15:00 UTC: 186.810-26 16:00 UTC: 242.010-26 17:00 UTC: 246.710-26 18:00 UTC: 216.610-26 19:00 UTC: 197.910-26 20:00 UTC: 190.010-26 21:00 UTC: 183.110-26 22:00 UTC: 190.910-26 23:00 UTC: 180.810-27 00:00 UTC: 210.210-27 01:00 UTC: 199.010-27 02:00 UTC: 200.710-27 03:00 UTC: 192.510-27 04:00 UTC: n/a10-27 05:00 UTC: 226.210-27 06:00 UTC: 213.510-27 07:00 UTC: 198.810-27 08:00 UTC: 197.410-27 09:00 UTC: 153.610-27 10:00 UTC: 165.510-27 11:00 UTC: 197.910-27 12:00 UTC: 192.310-27 13:00 UTC: 254.810-27 14:00 UTC: 262.310-27 15:00 UTC: 243.710-27 16:00 UTC: 187.610-27 17:00 UTC: 171.610-27 18:00 UTC: 217.410-27 19:00 UTC: 195.910-27 20:00 UTC: 128.510-27 21:00 UTC: 218.710-27 22:00 UTC: 323.210-27 23:00 UTC: 365.0
Depth within 1%, both sides, sum of venue pairs, USD
$0$1.4k$2.8k10-2110-2210-2310-2410-2510-2610-2710-21 00:00 UTC: $1.9k10-21 01:00 UTC: $47310-21 02:00 UTC: $2.8k10-21 03:00 UTC: $1.5k10-21 04:00 UTC: $010-21 05:00 UTC: $13810-21 06:00 UTC: $55310-21 07:00 UTC: $1.9k10-21 08:00 UTC: $94710-21 09:00 UTC: $1.2k10-21 10:00 UTC: $29810-21 11:00 UTC: $28610-21 12:00 UTC: $19710-21 13:00 UTC: $12310-21 14:00 UTC: $22410-21 15:00 UTC: $1.2k10-21 16:00 UTC: $8710-21 17:00 UTC: $8210-21 18:00 UTC: $6410-21 19:00 UTC: $5210-21 20:00 UTC: $1.1k10-21 21:00 UTC: $2.4k10-21 22:00 UTC: $26210-21 23:00 UTC: $16510-22 00:00 UTC: $44710-22 01:00 UTC: $43310-22 02:00 UTC: $23610-22 03:00 UTC: $81710-22 04:00 UTC: $33310-22 05:00 UTC: $27710-22 06:00 UTC: $28010-22 07:00 UTC: $2.4k10-22 08:00 UTC: $1.4k10-22 09:00 UTC: $28010-22 10:00 UTC: $19710-22 11:00 UTC: $43110-22 12:00 UTC: $27910-22 13:00 UTC: $11010-22 14:00 UTC: $12310-22 15:00 UTC: $11410-22 16:00 UTC: $7710-22 17:00 UTC: $11510-22 18:00 UTC: $11610-22 19:00 UTC: $6910-22 20:00 UTC: $010-22 21:00 UTC: $010-22 22:00 UTC: $010-22 23:00 UTC: $4410-23 00:00 UTC: $40410-23 01:00 UTC: $11310-23 02:00 UTC: $20410-23 03:00 UTC: $16710-23 04:00 UTC: $11110-23 05:00 UTC: $14610-23 06:00 UTC: $14310-23 07:00 UTC: $12110-23 08:00 UTC: $12810-23 09:00 UTC: $19610-23 10:00 UTC: $2.6k10-23 11:00 UTC: $43810-23 12:00 UTC: $15010-23 13:00 UTC: $9010-23 14:00 UTC: $5410-23 15:00 UTC: $7010-23 16:00 UTC: $2310-23 17:00 UTC: $15910-23 18:00 UTC: $2510-23 19:00 UTC: $6210-23 20:00 UTC: $1.7k10-23 21:00 UTC: $1.7k10-23 22:00 UTC: $69210-23 23:00 UTC: $70010-24 00:00 UTC: $40910-24 01:00 UTC: $21910-24 02:00 UTC: $1.1k10-24 03:00 UTC: $10410-24 04:00 UTC: $1.4k10-24 05:00 UTC: $12910-24 06:00 UTC: $34510-24 07:00 UTC: $13610-24 08:00 UTC: $11610-24 09:00 UTC: $10010-24 10:00 UTC: $25010-24 11:00 UTC: $010-24 12:00 UTC: $14510-24 13:00 UTC: $15810-24 14:00 UTC: $010-24 15:00 UTC: $63710-24 16:00 UTC: $11410-24 17:00 UTC: $11410-24 18:00 UTC: $7110-24 19:00 UTC: $64810-24 20:00 UTC: $26310-24 21:00 UTC: $6210-24 22:00 UTC: $12210-24 23:00 UTC: $1.2k10-25 00:00 UTC: $1.2k10-25 01:00 UTC: $44410-25 02:00 UTC: $010-25 03:00 UTC: $010-25 04:00 UTC: $010-25 05:00 UTC: $010-25 06:00 UTC: $14510-25 07:00 UTC: $1.2k10-25 08:00 UTC: $1.5k10-25 09:00 UTC: $1.6k10-25 10:00 UTC: $1.2k10-25 11:00 UTC: $1.5k10-25 12:00 UTC: $1.6k10-25 13:00 UTC: $1.6k10-25 14:00 UTC: $1.6k10-25 15:00 UTC: $1.6k10-25 16:00 UTC: $1.5k10-25 17:00 UTC: $1.7k10-25 18:00 UTC: $1.6k10-25 19:00 UTC: $1.6k10-25 20:00 UTC: $1.6k10-25 21:00 UTC: $1.6k10-25 22:00 UTC: $1.6k10-25 23:00 UTC: $1.6k10-26 00:00 UTC: $1.6k10-26 01:00 UTC: $1.6k10-26 02:00 UTC: $1.6k10-26 03:00 UTC: $1.6k10-26 04:00 UTC: $1.6k10-26 05:00 UTC: $1.6k10-26 06:00 UTC: $1.6k10-26 07:00 UTC: $1.6k10-26 08:00 UTC: $1.6k10-26 09:00 UTC: $2.1k10-26 10:00 UTC: $2.2k10-26 11:00 UTC: $1.9k10-26 12:00 UTC: $1.8k10-26 13:00 UTC: $2.7k10-26 14:00 UTC: $2.2k10-26 15:00 UTC: $1.4k10-26 16:00 UTC: $1.3k10-26 17:00 UTC: $1.2k10-26 18:00 UTC: $1.1k10-26 19:00 UTC: $1.4k10-26 20:00 UTC: $1.5k10-26 21:00 UTC: $1.4k10-26 22:00 UTC: $1.5k10-26 23:00 UTC: $1.4k10-27 00:00 UTC: $1.2k10-27 01:00 UTC: $1.2k10-27 02:00 UTC: $1.6k10-27 03:00 UTC: $1.8k10-27 04:00 UTC: n/a10-27 05:00 UTC: $1.5k10-27 06:00 UTC: $1.6k10-27 07:00 UTC: $1.7k10-27 08:00 UTC: $1.7k10-27 09:00 UTC: $1.4k10-27 10:00 UTC: $1.4k10-27 11:00 UTC: $1.3k10-27 12:00 UTC: $1.4k10-27 13:00 UTC: $1.1k10-27 14:00 UTC: $1.6k10-27 15:00 UTC: $1.5k10-27 16:00 UTC: $1.3k10-27 17:00 UTC: $1.3k10-27 18:00 UTC: $1.0k10-27 19:00 UTC: $58910-27 20:00 UTC: $1.2k10-27 21:00 UTC: $67910-27 22:00 UTC: $010-27 23:00 UTC: $0

Weakest hours

Hours with the lowest pooled uptime, then the lowest total depth.

Hour, UTCUptime T2/S1Depth 1%, both sidesMedian spread, bpPairs with a book
10-21 04:000.0%$0245.32
10-22 20:000.0%$0226.62
10-22 21:000.0%$0273.32
10-22 22:000.0%$0235.72
10-24 11:000.0%$0304.82
10-24 14:000.0%$0243.42

Quote-pull episodes 3

Longest episodes first. An episode is a sustained stretch in which the book of the pair disappeared, thinned out sharply or its spread widened sharply against its own norm. It describes the visible book, not who caused it.

PairStart, UTCEndMinutesPrice move
Gate spot10-21 00:0010-28 00:019887-7.5%
MEXC spot10-21 14:5110-28 00:019040-10.1%
MEXC spot10-21 00:0010-21 14:50890+2.9%

Hours with a price move of 5% or more

Hour, UTCMoveDepth beforeDepth afterSpread beforeSpread afterQuote pulls
10-21 00:00+5.5%$326$5419.062.12
10-21 05:00+5.9%$64$194223.9180.92
10-22 00:00+7.8%$126$4176.3131.12
10-23 00:00+7.1%$16$6268.088.02
10-23 01:00-5.9%$2$40202.1344.22
10-24 00:00+9.1%$132$6168.312.72
10-24 01:00-8%$6$12244.1225.32
10-24 04:00+5.7%$58$64199.880.42
10-24 06:00-5.3%$128$170146.9299.52
10-27 20:00+6.8%$124$184141.743.12
10-27 21:00-5.9%$1.2k$411.2348.72

Gaps in our data

Minutes without any snapshot are excluded from every percentage above, never counted as down.

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