Daily Microstructure Brief — Monday, 8 June 2026

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DAILY MICROSTRUCTURE BRIEF 2026-06-08 · Monday · covers prior 24h UTC · peak window 13:00-16:00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ cryptocom→kraken (LINK/USDT) overtook cryptocom→okx (DOT/USDT) on executability today. TOP ROUTES (by executability) 1. cryptocom→kraken (LINK/USDT) Median spread 0.029% · half-life 1430ms · survival @1s: 69.5% · executability 0.3% 2. cryptocom→kraken (SOL/USDT) Median spread 0.037% · half-life 1363ms · survival @1s: 65.5% · executability 0.2% 3. kraken→okx (DOGE/USDT) Median spread 0.034% · half-life 1480ms · survival @500ms: 72.5% · executability 0.2% Cited data: 4154 samples across 3 routes, prior 24h UTC. SPREAD DECAY Median half-life across all routes: 1444ms. Survival @ T+1s: 70.9% of 623298 samples. Spreads > 0.40% decayed to below fee floor within 208ms median (28 samples). Half-lives tracked 7-day baselines today. BEST EXECUTION WINDOW 18:00-19:00 UTC (02:00-03:00 SGT) — 76.3% of samples survived to T+500ms above fee floor. 1.1x the 24h average. Second: 21:00-22:00 UTC — 76.0% survival. EXCHANGE BEHAVIOUR All exchanges stable — no degradation events in 24h. VS YESTERDAY Samples: 623298 (-255844) Top route: cryptocom→kraken (LINK/USDT) median spread 0.029% Survival @1s: 70.9% (+230bps vs yesterday) Median spread: 0.022% (-3bps 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 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━