Daily Microstructure Brief — Sunday, 14 June 2026

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DAILY MICROSTRUCTURE BRIEF 2026-06-14 · Sunday · covers prior 24h UTC · peak window 13:00-16:00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Top route rotation: coinbase→cryptocom (BTC/USD) displaced kraken→okx (DOT/USDT) at #1. TOP ROUTES (by executability) 1. coinbase→cryptocom (BTC/USD) Median spread 0.027% · half-life 1987ms · survival @1s: 99.3% · executability 0.0% 2. coinbase→okx (BTC/USD) Median spread 0.023% · half-life 1964ms · survival @1s: 98.2% · executability 0.0% 3. coinbase→cryptocom (ETH/USD) Median spread 0.028% · half-life 1977ms · survival @500ms: 98.9% · executability 0.0% Cited data: 64077 samples across 3 routes, prior 24h UTC. SPREAD DECAY Median half-life across all routes: 1646ms. Survival @ T+1s: 81.2% of 522000 samples. Spreads > 0.40% decayed to below fee floor within 0ms median (0 samples). Half-lives tracked 7-day baselines today. BEST EXECUTION WINDOW 09:00-10:00 UTC (17:00-18:00 SGT) — 85.3% of samples survived to T+500ms above fee floor. at the 24h average. Second: 10:00-11:00 UTC — 84.9% survival. EXCHANGE BEHAVIOUR No exchange state transitions across the 24-hour window. VS YESTERDAY Samples: 522000 (+28305) Top route: coinbase→cryptocom (BTC/USD) median spread 0.027% Survival @1s: 81.2% (+780bps vs yesterday) Median spread: 0.016% (-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 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━