GRVT Liquidity Board

Updated 2026-10-19 17:00 KST · every pair read every 5 minutes, GRVT and Binance in the same minute · numbers are the cost of a $10k market order walked against the live book (buy and sell averaged), in bps, fees excluded; a snapshot that cannot fill inside ±10% of mid counts as 1,000 bps. "Now" = median of the last 96 readings (24h). Target = the GRVT cost that counts as OK: 1.3× Binance + one tick (min 1 bp) — fitted on the pairs the market maker has already fixed, which landed at 1.0–1.5× Binance plus up to a tick. Over = GRVT − Target. Then → now graphic per pair: ○ then, ● now, ▌ target (now should sit left of it), · Binance now. 24h chart: GRVT ■ / Binance ■ per run. Live view: dashboard.

1-tick allowance (uncheck: target becomes 1.3× Binance + 1 bp only)

How the target is set (click to hide)

Target = 1.3 × Binance cost + max(1 bp, one GRVT tick). GRVT is OK when its $10k cost is at or below this.

Why 1.3×? The pairs the market maker has already fixed landed at 1.0–1.5× Binance (median 1.30×). The target is the level already achieved, not a guess.

Why + one tick? On low-priced coins (ADA, TRUMP…) one price step is 4–5 bps, so quoting one tick wider than Binance shows up as a few bps the market maker cannot remove. That tick is allowed (agreed with Ampersand). On fine-tick coins the floor is 1 bp.

Why not 2× any more? 2× loosens the target as Binance gets more expensive (Binance 20 → GRVT 40 still OK), which is too generous.

Binance	Target, fine-tick coin	Target, 4.5 bp-tick coin (e.g. ADA)	Old rule 2×
1 bps	2.3	5.8	2
3 bps	4.9	8.4	6
5 bps	7.5	11.0	10
10 bps	14.0	17.5	20
20 bps	27.0	30.5	40

Pairs the market maker fixed: when sent ○ → now ●

17 pairs. Most started above the old 2× line and are now at or below the target line; shaded area = OK.

All crypto pairs now (24h median)

● within target · ○ within target only because of a large tick (its own target sits above the line) · ● over target. Hover a dot for the numbers; ↑ = off the chart.

1 · Requested from the market maker — 17 fixed · 1 improved · 5 were already OK · 2 not fixed

Fixed = now at or below target with every snapshot filled. Improved = Over at least halved since sent, not yet at target. Was already OK = at target when sent and still is. Not fixed first.

Pair	Sent	Over	Above target 24h · max	Verdict
H	10/13	no fill	74% · max 72	Not fixed
CL RWA	9/30	+0	100% · max 4	Not fixed
MEGA	10/13	+1	57% · max 32	Improved
HOOD RWA	9/24	-0	45% · max 7	Fixed
INTC RWA	9/24	-0	35% · max 4	Fixed
CRCL RWA	9/30	-0	33% · max 8	Fixed
COPPER RWA	9/30	-0	49% · max 12	Fixed
ASTER	9/30	-0	24% · max 400	Fixed
MSTR RWA	9/30	-0	17% · max 4	Fixed
COIN RWA	9/30	-1	8% · max 6	Fixed
EWJ RWA	9/24	-1	32% · max 61	Fixed
OP	9/24	-1	12% · max 8	Fixed
ARB	9/24	-1	4% · max 13	Fixed
ENA	9/24	-2	0% · max 3	Fixed
LDO	9/30	-2	9% · max 18	Fixed
STRK	9/24	-2	0% · max 7	Fixed
KBONK	9/24	-3	2% · max 11	Fixed
JUP	9/30	-3	0% · max 9	Fixed
BERA	9/30	-5	3% · max 21	Fixed
BARD	10/13	-8	3% · max 38	Fixed
TRUMP	10/13	-1	1% · max 10	Was already OK
ADA	10/13	-2	5% · max 11	Was already OK
XPT RWA	9/24	-2	2% · max 5	Was already OK
FARTCOIN	9/30	-3	1% · max 15	Was already OK
XPD RWA	9/24	-4	1% · max 9	Was already OK

2 · Not yet requested — in order of urgency (101 pairs over target)

Score = min(Over, 50) × log10(1 + GRVT 24h volume / $100k): how far over target, weighted by how much actually trades. Highlighted rows are over target; then pairs within target; then pairs with no Binance twin. "Sep 22" = the first all-pairs reading when this effort started.

#	Pair	GRVT 24h vol	Over	Above target 24h · max	Score	Note
1	BASED	$258k	+91	76% · max 336	27.7	low volume
2	V RWA	$166k	no fill	75% · max 15	21.3	low volume
3	LLY RWA	$140k	no fill	78% · max 11	19.0	low volume
4	ASML RWA	$136k	no fill	66% · max 12	18.6	low volume
5	LGELECTRONICS RWA	$131k	no fill	91% · max 64	18.2	low volume
6	PAYP RWA	$516k	+23	90% · max 94	18.2
7	NAVER RWA	$127k	no fill	93% · max 38	17.8	low volume
8	GS RWA	$127k	no fill	83% · max 17	17.8	low volume
9	KODEX200 RWA	$126k	no fill	96% · max 113	17.7	low volume
10	ANTHROPIC RWA	$100k	no fill	77% · max 7	15.1	low volume
11	FLNC RWA	$95k	+166	100% · max 242	14.5	low volume
12	HD RWA	$93k	no fill	95% · max 23	14.3	low volume
13	BBX RWA	$132k	+36	85% · max 82	13.2	low volume
14	QNTX RWA	$132k	+34	97% · max 86	12.4	low volume
15	NVO RWA	$135k	+31	93% · max 76	11.5	low volume
16	ONDS RWA	$129k	+31	100% · max 73	11.1	low volume
17	KSTR RWA	$141k	+20	96% · max 89	7.7	low volume
18	UBER RWA	$210k	+15	76% · max 34	7.4	low volume
19	USAR RWA	$223k	+14	95% · max 63	7.3	low volume
20	UVXY RWA	$127k	+18	96% · max 85	6.4	low volume
21	EWZ RWA	$120k	+19	95% · max 60	6.3	low volume
22	SMCI RWA	$122k	+18	100% · max 63	6.3	low volume
23	URNM RWA	$132k	+17	86% · max 64	6.1	low volume
24	ASTS RWA	$130k	+17	99% · max 63	6.0	low volume
25	NOW RWA	$129k	+15	86% · max 37	5.5	low volume
26	XLE RWA	$124k	+14	94% · max 53	5.0	low volume
27	AXTI RWA	$133k	+12	99% · max 41	4.5	low volume
28	EWT RWA	$126k	+11	88% · max 47	3.9	low volume
29	CSCO RWA	$146k	+10	97% · max 43	3.8	low volume
30	BX RWA	$132k	+10	81% · max 39	3.6	low volume
31	CRM RWA	$145k	+8	83% · max 24	3.3	low volume
32	GLW RWA	$137k	+9	100% · max 32	3.2	low volume
33	CRDO RWA	$126k	+9	92% · max 31	3.1	low volume
34	MINIMAX RWA	$130k	+9	90% · max 44	3.1	low volume
35	POPCAT	$365k	+4	76% · max 30	2.9
36	RKLB RWA	$151k	+7	98% · max 37	2.8	low volume
37	WMT RWA	$154k	+7	92% · max 23	2.7	low volume
38	CBRS RWA	$168k	+6	100% · max 21	2.7	low volume
39	W	$332k	+4	91% · max 25	2.5
40	DIS RWA	$90k	+9	80% · max 29	2.5	low volume
41	MOODENG	$366k	+4	90% · max 28	2.4
42	AMAT RWA	$136k	+6	93% · max 17	2.2	low volume
43	CRWD RWA	$137k	+5	92% · max 26	2.1	low volume
44	MORPHO	$107k	+6	99% · max 23	2.0	low volume
45	COHR RWA	$126k	+6	95% · max 24	2.0	low volume
46	AAOI RWA	$125k	+6	94% · max 26	2.0	low volume
47	IREN RWA	$139k	+5	93% · max 40	1.8	low volume
48	HYUNDAI RWA	$150k	+4	81% · max 30	1.7	low volume
49	NFLX RWA	$109k	+5	92% · max 22	1.6	low volume
50	PENDLE	$318k	+3	83% · max 21	1.6
51	CC	$389k	+2	78% · max 25	1.6
52	NOK RWA	$122k	+5	80% · max 51	1.6	low volume
53	MRNA RWA	$126k	+4	90% · max 24	1.5	low volume
54	SOXL RWA	$236k	+3	100% · max 15	1.4	low volume
55	CRWV RWA	$159k	+3	93% · max 22	1.4	low volume
56	WDC RWA	$127k	+4	92% · max 18	1.3	low volume
57	ARM RWA	$127k	+4	89% · max 21	1.2	low volume
58	ORCL RWA	$151k	+3	97% · max 12	1.2	low volume
59	MRVL RWA	$200k	+3	98% · max 11	1.2	low volume
60	SAHARA	$344k	+2	81% · max 22	1.2
61	IWM RWA	$119k	+3	92% · max 21	1.1	low volume
62	QCOM RWA	$144k	+3	91% · max 16	1.0	low volume
63	BABA RWA	$207k	+2	95% · max 15	1.0	low volume
64	PENGU	$1.5M	+1	85% · max 9	1.0
65	LTC	$1.8M	+1	67% · max 8	0.9
66	AVGO RWA	$254k	+2	94% · max 9	0.8	low volume
67	TAO	$703k	+1	86% · max 6	0.8
68	AMZN RWA	$522k	+1	91% · max 5	0.8
69	IBM RWA	$125k	+2	72% · max 18	0.7	low volume
70	NBIS RWA	$114k	+2	93% · max 15	0.7	low volume
71	BMNR RWA	$126k	+2	79% · max 28	0.6	low volume
72	XLM	$462k	+1	77% · max 7	0.6
73	BZ RWA	$314k	+1	100% · max 6	0.5
74	MSFT RWA	$367k	+1	85% · max 6	0.5
75	GOOGL RWA	$454k	+1	94% · max 4	0.5
76	BE RWA	$124k	+1	83% · max 16	0.5	low volume
77	XMR	$623k	+1	66% · max 10	0.4
78	LINK	$2.6M	+0	73% · max 6	0.4
79	NVDA RWA	$458k	+1	99% · max 5	0.4
80	ZEC	$419k	+1	79% · max 51	0.4
81	META RWA	$503k	+0	86% · max 4	0.4
82	AAPL RWA	$369k	+1	88% · max 6	0.4
83	KPEPE	$2.5M	+0	70% · max 6	0.3
84	SQQQ RWA	$133k	+1	62% · max 12	0.3	low volume
85	SKHY RWA	$112k	+1	84% · max 7	0.3	low volume
86	LITE RWA	$213k	+0	67% · max 7	0.2	low volume
87	SKHYNIX RWA	$210k	+0	99% · max 5	0.2	low volume
88	TQQQ RWA	$139k	+0	62% · max 9	0.2	low volume
89	DELL RWA	$117k	+0	71% · max 10	0.2	low volume
90	UNI	$1.8M	+0	57% · max 5	0.1
91	TSM RWA	$325k	+0	62% · max 9	0.1
92	TSLA RWA	$3.1M	+0	61% · max 5	0.1
93	SNDK RWA	$206k	+0	68% · max 16	0.1	low volume
94	AMD RWA	$83k	+0	61% · max 6	0.1	low volume
95	WLD	$750k	+0	52% · max 7	0.0
96	MU RWA	$325k	+0	50% · max 3	0.0
97	SPY RWA	$400k	+0	94% · max 3	0.0
98	SAMSUNG RWA	$139k	+0	50% · max 5	0.0	low volume
99	HBAR	$334k	+0	51% · max 5	0.0
100	JPM RWA	$88k	+0	51% · max 20	0.0	low volume
101	BCH	$0k	+1	85% · max 6	0.0	low volume
102	PLTR RWA	$380k	-0	48% · max 7	–	✓ within target
103	NATGAS RWA	$221k	-0	55% · max 12	–	✓ within target
104	XAG RWA	$1.9M	-0	42% · max 6	–	✓ within target
105	STXX RWA	$127k	-0	59% · max 27	–	✓ within target
106	PAXG	$2.2M	-0	33% · max 3	–	✓ within target
107	EWY RWA	$477k	-0	26% · max 3	–	✓ within target
108	XAUT	$137k	-0	42% · max 3	–	✓ within target
109	DOT	$370k	-0	36% · max 430	–	✓ within target
110	DOGE	$3.4M	-0	31% · max 11	–	✓ within target
111	DRAM RWA	$168k	-0	39% · max 13	–	✓ within target
112	NEAR	$351k	-0	36% · max 16	–	✓ within target
113	AVAX	$682k	-0	18% · max 8	–	✓ within target
114	FIL	$338k	-0	16% · max 7	–	✓ within target
115	ONDO	$320k	-0	19% · max 6	–	✓ within target
116	KAIA	$337k	-0	44% · max 25	–	✓ within target
117	KSHIB	$816k	-0	12% · max 5	–	✓ within target
118	SUI	$7.1M	-1	11% · max 4	–	✓ within target
119	QQQ RWA	$210k	-1	10% · max 2	–	✓ within target
120	AAVE	$3.8M	-1	6% · max 7	–	✓ within target
121	STRC RWA	$115k	-1	22% · max 7	–	✓ within target
122	WLFI	$977k	-1	15% · max 6	–	✓ within target
123	XRP	$39.0M	-1	0% · max 1	–	✓ within target
124	LA	$359k	-1	38% · max 19	–	✓ within target
125	XAU RWA	$3.5M	-1	1% · max 1	–	✓ within target
126	ETH	$69.3M	-1	0% · max 1	–	✓ within target
127	BTC	$152.1M	-1	0% · max 0	–	✓ within target
128	BNB	$26.8M	-1	3% · max 1	–	✓ within target
129	HYPE	$40.7M	-1	3% · max 2	–	✓ within target
130	SOL	$33.0M	-1	0% · max 1	–	✓ within target
131	POL	$2.7M	-1	15% · max 10	–	✓ within target
132	LINEA	$452k	-1	41% · max 30	–	✓ within target
133	ICP	$358k	-1	1% · max 9	–	✓ within target
134	SEI	$345k	-1	14% · max 9	–	✓ within target
135	XPL	$98k	-1	9% · max 11	–	✓ within target
136	PROVE	$408k	-1	24% · max 27	–	✓ within target
137	ZEN	$348k	-1	20% · max 15	–	✓ within target
138	CRV	$407k	-2	7% · max 11	–	✓ within target
139	VIRTUAL	$743k	-2	3% · max 8	–	✓ within target
140	LIT	$2.0M	-2	23% · max 14	–	✓ within target
141	KAITO	$2.0M	-2	25% · max 21	–	✓ within target
142	AXS	$605k	-2	1% · max 9	–	✓ within target
143	MON	$406k	-2	21% · max 24	–	✓ within target
144	GIGGLE	$379k	-2	6% · max 19	–	✓ within target
145	WIF	$361k	-2	0% · max 12	–	✓ within target
146	EIGEN	$357k	-2	2% · max 15	–	✓ within target
147	CFX	$1.1M	-3	1% · max 13	–	✓ within target
148	ATOM	$1.8M	-3	1% · max 15	–	✓ within target
149	ZK	$1.8M	-3	8% · max 16	–	✓ within target
150	RIVER	$436k	-3	6% · max 30	–	✓ within target
151	HANMI RWA	$125k	-3	98% · max 41	–	✓ within target
152	PUMP	$9.3M	-4	0% · max 3	–	✓ within target
153	GRVT	$93k	-5	6% · max 650	–	✓ within target
154	KORU RWA	$132k	-5	7% · max 28	–	✓ within target
155	AVNT	$809k	-11	0% · max 23	–	✓ within target
156	BRKB RWA	$174k	-301	45% · max 14	–	✓ within target
157	OPENAI RWA	$111k	-301	92% · max 8	–	✓ within target
158	SAMSUNGEM RWA	$122k	-301	100% · max no fill	–	✓ within target
159	SPACEX RWA	$132k	–	–	–	no Binance pair

Runs on record: 97 (latest 2026-10-19T08:00:38Z). Sent list = mm_sent.json; "when sent" values come from the all-pairs reading taken the day each batch was sent. Source: coding/GRVT/liquidity_board.