Daily Microstructure Brief — Tuesday, 5 May 2026

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DAILY MICROSTRUCTURE BRIEF 2026-05-05 · Tuesday · covers prior 24h UTC · peak window 13:00-16:00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ cryptocom→okx (DOT/USDT) topped seven-day executability today. TOP ROUTES (by executability) 1. cryptocom→okx (DOT/USDT) Median spread 0.028% · half-life 625ms · survival @1s: 26.5% · executability 5.9% 2. cryptocom→okx (LINK/USDT) Median spread 0.018% · half-life 1196ms · survival @1s: 57.2% · executability 0.4% 3. cryptocom→okx (SOL/USD) Median spread 0.014% · half-life 1025ms · survival @500ms: 48.9% · executability 0.2% Cited data: 2085 samples across 3 routes, prior 24h UTC. SPREAD DECAY Median half-life across all routes: 1431ms. Survival @ T+1s: 70.6% of 406496 samples. Spreads > 0.40% decayed to below fee floor within 2000ms median (1 samples). No material deviation from 7-day decay baselines. BEST EXECUTION WINDOW 20:00-21:00 UTC (04:00-05:00 SGT) — 85.2% of samples survived to T+500ms above fee floor. 1.2x the 24h average. Second: 21:00-22:00 UTC — 82.4% survival. EXCHANGE BEHAVIOUR All exchanges stable — no degradation events in 24h. VS YESTERDAY Samples: 406496 (+256950) Top route: cryptocom→okx (DOT/USDT) median spread 0.028% Survival @1s: 70.6% (-1250bps vs yesterday) Median spread: 0.012% (+2bps vs yesterday) CONSTRAINTS ON THIS DATA Spread persistence varies materially by route and hour of day. High-spread events (>0.40%) decay faster than the median. Results describe the prior 24h only — not predictive. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Bot activity — not financial advice. Every signal blockchain-verified: proofsystems.ai/signals Full archive: proofsystems.ai/brief ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━