Daily Microstructure Brief — Thursday, 7 May 2026

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DAILY MICROSTRUCTURE BRIEF 2026-05-07 · Thursday · covers prior 24h UTC · peak window 13:00-16:00 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ okx→cryptocom (DOT/USDT) held its spread longer than any route in the past seven days. TOP ROUTES (by executability) 1. okx→cryptocom (DOT/USDT) Median spread 0.108% · half-life 953ms · survival @1s: 43.8% · executability 25.0% 2. okx→cryptocom (LINK/USDT) Median spread 0.083% · half-life 929ms · survival @1s: 42.9% · executability 14.3% 3. okx→cryptocom (ADA/USDT) Median spread 0.085% · half-life 902ms · survival @500ms: 40.9% · executability 13.6% Cited data: 59 samples across 3 routes, prior 24h UTC. SPREAD DECAY Median half-life across all routes: 1402ms. Survival @ T+1s: 69.1% of 445947 samples. Spreads > 0.40% decayed to below fee floor within 2000ms median (19 samples). No material deviation from 7-day decay baselines. BEST EXECUTION WINDOW 21:00-22:00 UTC (05:00-06:00 SGT) — 78.7% of samples survived to T+500ms above fee floor. 1.1x the 24h average. Second: 19:00-20:00 UTC — 75.9% survival. EXCHANGE BEHAVIOUR No exchange state transitions across the 24-hour window. VS YESTERDAY Samples: 445947 (+22377) Top route: okx→cryptocom (DOT/USDT) median spread 0.108% Survival @1s: 69.1% (-200bps vs yesterday) Median spread: 0.011% (+1bps 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 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━