GRVT Liquidity Board

Updated 2026-10-19 15:30 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 78 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	78% · max 72	Not fixed
CL RWA	9/30	+0	100% · max 3	Not fixed
MEGA	10/13	+1	56% · max 32	Improved
HOOD RWA	9/24	-0	47% · max 7	Fixed
INTC RWA	9/24	-0	36% · max 4	Fixed
COPPER RWA	9/30	-0	60% · max 4	Fixed
CRCL RWA	9/30	-0	28% · max 4	Fixed
ASTER	9/30	-0	26% · max 5	Fixed
MSTR RWA	9/30	-0	19% · max 4	Fixed
COIN RWA	9/30	-1	12% · max 5	Fixed
EWJ RWA	9/24	-1	33% · max 61	Fixed
OP	9/24	-1	14% · max 8	Fixed
ARB	9/24	-1	3% · max 13	Fixed
ENA	9/24	-2	0% · max 3	Fixed
LDO	9/30	-2	6% · max 18	Fixed
STRK	9/24	-2	0% · max 7	Fixed
KBONK	9/24	-3	0% · max 10	Fixed
JUP	9/30	-3	0% · max 9	Fixed
BERA	9/30	-5	4% · max 21	Fixed
BARD	10/13	-7	4% · max 38	Fixed
TRUMP	10/13	-2	1% · max 10	Was already OK
ADA	10/13	-2	4% · max 10	Was already OK
XPT RWA	9/24	-2	0% · max 5	Was already OK
FARTCOIN	9/30	-3	0% · max 15	Was already OK
XPD RWA	9/24	-4	1% · max 9	Was already OK

2 · Not yet requested — in order of urgency (103 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	$252k	+102	76% · max 336	27.3	low volume
2	PAYP RWA	$517k	+29	97% · max 94	23.1
3	V RWA	$169k	no fill	90% · max 15	21.5	low volume
4	CRM RWA	$140k	no fill	85% · max 24	19.0	low volume
5	LLY RWA	$137k	no fill	74% · max 11	18.8	low volume
6	LGELECTRONICS RWA	$134k	no fill	90% · max 64	18.4	low volume
7	ASML RWA	$131k	no fill	62% · max 12	18.2	low volume
8	HANMI RWA	$128k	no fill	97% · max 41	17.9	low volume
9	KODEX200 RWA	$128k	no fill	99% · max 113	17.9	low volume
10	NAVER RWA	$126k	no fill	91% · max 38	17.7	low volume
11	GS RWA	$126k	no fill	83% · max 17	17.7	low volume
12	SAMSUNGEM RWA	$124k	no fill	100% · max no fill	17.5	low volume
13	ANTHROPIC RWA	$99k	no fill	78% · max 6	15.0	low volume
14	FLNC RWA	$96k	+168	100% · max 242	14.6	low volume
15	HD RWA	$95k	no fill	100% · max 23	14.5	low volume
16	BBX RWA	$130k	+40	94% · max 82	14.4	low volume
17	QNTX RWA	$131k	+37	99% · max 86	13.6	low volume
18	ONDS RWA	$125k	+36	100% · max 73	12.8	low volume
19	NVO RWA	$130k	+33	95% · max 76	11.9	low volume
20	KSTR RWA	$141k	+26	96% · max 89	9.8	low volume
21	EWZ RWA	$120k	+23	94% · max 60	7.9	low volume
22	UBER RWA	$200k	+16	91% · max 34	7.7	low volume
23	UVXY RWA	$127k	+22	97% · max 85	7.7	low volume
24	USAR RWA	$218k	+15	97% · max 63	7.6	low volume
25	NOW RWA	$125k	+20	95% · max 37	7.2	low volume
26	URNM RWA	$138k	+18	94% · max 64	6.8	low volume
27	SMCI RWA	$121k	+19	100% · max 63	6.4	low volume
28	ASTS RWA	$127k	+17	99% · max 63	6.1	low volume
29	XLE RWA	$123k	+17	99% · max 53	5.8	low volume
30	AXTI RWA	$135k	+13	100% · max 41	4.7	low volume
31	CSCO RWA	$146k	+11	99% · max 43	4.5	low volume
32	EWT RWA	$123k	+12	87% · max 47	4.1	low volume
33	BX RWA	$131k	+10	91% · max 39	3.8	low volume
34	GLW RWA	$140k	+9	100% · max 32	3.5	low volume
35	MINIMAX RWA	$129k	+9	91% · max 44	3.3	low volume
36	CRDO RWA	$126k	+9	94% · max 31	3.1	low volume
37	RKLB RWA	$149k	+7	97% · max 37	2.9	low volume
38	DIS RWA	$91k	+10	90% · max 29	2.8	low volume
39	WMT RWA	$154k	+7	97% · max 23	2.7	low volume
40	CBRS RWA	$164k	+6	100% · max 21	2.7	low volume
41	W	$319k	+4	91% · max 25	2.6
42	MOODENG	$370k	+4	92% · max 28	2.4
43	POPCAT	$364k	+3	74% · max 30	2.3
44	CRWD RWA	$138k	+6	91% · max 26	2.3	low volume
45	MORPHO	$107k	+7	99% · max 23	2.2	low volume
46	AMAT RWA	$135k	+6	92% · max 17	2.1	low volume
47	COHR RWA	$124k	+6	96% · max 24	2.1	low volume
48	NFLX RWA	$110k	+6	96% · max 22	1.8	low volume
49	AAOI RWA	$125k	+5	96% · max 26	1.8	low volume
50	IREN RWA	$138k	+5	96% · max 40	1.8	low volume
51	HYUNDAI RWA	$150k	+5	85% · max 30	1.8	low volume
52	CC	$408k	+2	79% · max 25	1.7
53	PENDLE	$320k	+3	83% · max 21	1.7
54	NOK RWA	$120k	+5	81% · max 51	1.6	low volume
55	SOXL RWA	$232k	+3	100% · max 15	1.6	low volume
56	MRNA RWA	$125k	+4	91% · max 24	1.5	low volume
57	CRWV RWA	$164k	+3	94% · max 22	1.4	low volume
58	SAHARA	$352k	+2	83% · max 22	1.3
59	MRVL RWA	$198k	+3	97% · max 11	1.3	low volume
60	WDC RWA	$126k	+4	92% · max 18	1.2	low volume
61	ARM RWA	$126k	+4	91% · max 21	1.2	low volume
62	BABA RWA	$205k	+3	94% · max 15	1.2	low volume
63	ORCL RWA	$150k	+3	96% · max 12	1.2	low volume
64	IWM RWA	$117k	+4	100% · max 21	1.2	low volume
65	IBM RWA	$122k	+3	85% · max 18	1.1	low volume
66	QCOM RWA	$142k	+3	88% · max 16	1.0	low volume
67	LTC	$1.8M	+1	65% · max 8	0.9
68	TAO	$695k	+1	86% · max 5	0.9
69	AVGO RWA	$252k	+2	94% · max 9	0.9	low volume
70	PENGU	$1.5M	+1	85% · max 9	0.9
71	AMZN RWA	$511k	+1	87% · max 5	0.8
72	NBIS RWA	$113k	+2	95% · max 15	0.7	low volume
73	XLM	$480k	+1	79% · max 7	0.6
74	BMNR RWA	$125k	+2	79% · max 28	0.6	low volume
75	MSFT RWA	$369k	+1	85% · max 6	0.5
76	BZ RWA	$302k	+1	100% · max 6	0.5
77	BE RWA	$124k	+1	83% · max 16	0.5	low volume
78	LINK	$2.6M	+0	78% · max 6	0.5
79	XMR	$616k	+1	68% · max 10	0.5
80	NVDA RWA	$459k	+1	96% · max 5	0.4
81	GOOGL RWA	$451k	+1	90% · max 4	0.4
82	ZEC	$413k	+1	76% · max 4	0.4
83	AAPL RWA	$374k	+1	88% · max 4	0.4
84	META RWA	$499k	+0	83% · max 4	0.3
85	SQQQ RWA	$133k	+1	71% · max 12	0.3	low volume
86	SKHYNIX RWA	$209k	+1	95% · max 5	0.3	low volume
87	SKHY RWA	$113k	+1	83% · max 7	0.3	low volume
88	LITE RWA	$210k	+1	68% · max 7	0.3	low volume
89	TQQQ RWA	$139k	+1	65% · max 9	0.2	low volume
90	KPEPE	$2.5M	+0	63% · max 6	0.2
91	JPM RWA	$87k	+1	59% · max 20	0.2	low volume
92	DELL RWA	$114k	+0	74% · max 10	0.2	low volume
93	TSM RWA	$326k	+0	65% · max 9	0.1
94	TSLA RWA	$3.1M	+0	59% · max 5	0.1
95	AMD RWA	$81k	+0	69% · max 6	0.1	low volume
96	SNDK RWA	$208k	+0	64% · max 9	0.1	low volume
97	UNI	$1.9M	+0	53% · max 5	0.1
98	SAMSUNG RWA	$140k	+0	56% · max 5	0.0	low volume
99	SPY RWA	$403k	+0	92% · max 2	0.0
100	NATGAS RWA	$208k	+0	53% · max 12	0.0	low volume
101	PLTR RWA	$387k	+0	45% · max 7	0.0
102	MU RWA	$324k	+0	46% · max 3	0.0
103	BCH	$0k	+1	86% · max 6	0.0	low volume
104	HBAR	$369k	-0	50% · max 5	–	✓ within target
105	WLD	$731k	-0	50% · max 7	–	✓ within target
106	XAG RWA	$1.9M	-0	47% · max 6	–	✓ within target
107	STXX RWA	$125k	-0	64% · max 24	–	✓ within target
108	EWY RWA	$474k	-0	24% · max 3	–	✓ within target
109	PAXG	$2.2M	-0	28% · max 3	–	✓ within target
110	XAUT	$133k	-0	41% · max 3	–	✓ within target
111	DOT	$367k	-0	28% · max 6	–	✓ within target
112	DRAM RWA	$169k	-0	38% · max 13	–	✓ within target
113	DOGE	$3.5M	-0	36% · max 4	–	✓ within target
114	NEAR	$335k	-0	38% · max 16	–	✓ within target
115	AVAX	$689k	-0	17% · max 4	–	✓ within target
116	FIL	$335k	-0	15% · max 7	–	✓ within target
117	ONDO	$318k	-0	21% · max 6	–	✓ within target
118	KSHIB	$821k	-1	13% · max 5	–	✓ within target
119	SUI	$7.0M	-1	13% · max 4	–	✓ within target
120	QQQ RWA	$199k	-1	10% · max 2	–	✓ within target
121	KAIA	$353k	-1	41% · max 25	–	✓ within target
122	AAVE	$3.9M	-1	6% · max 4	–	✓ within target
123	STRC RWA	$116k	-1	22% · max 7	–	✓ within target
124	WLFI	$1.0M	-1	17% · max 6	–	✓ within target
125	XRP	$39.5M	-1	0% · max 1	–	✓ within target
126	LINEA	$449k	-1	41% · max 30	–	✓ within target
127	ETH	$69.1M	-1	0% · max 1	–	✓ within target
128	BTC	$149.6M	-1	0% · max 0	–	✓ within target
129	XAU RWA	$3.4M	-1	1% · max 1	–	✓ within target
130	BNB	$26.7M	-1	4% · max 1	–	✓ within target
131	HYPE	$40.1M	-1	3% · max 2	–	✓ within target
132	POL	$2.7M	-1	14% · max 10	–	✓ within target
133	SOL	$33.2M	-1	0% · max 1	–	✓ within target
134	PROVE	$413k	-1	27% · max 27	–	✓ within target
135	LA	$372k	-1	32% · max 19	–	✓ within target
136	SEI	$344k	-1	13% · max 9	–	✓ within target
137	XPL	$86k	-1	12% · max 11	–	✓ within target
138	ZEN	$353k	-1	19% · max 15	–	✓ within target
139	ICP	$380k	-1	0% · max 9	–	✓ within target
140	CRV	$410k	-2	8% · max 11	–	✓ within target
141	VIRTUAL	$740k	-2	1% · max 8	–	✓ within target
142	LIT	$1.9M	-2	18% · max 14	–	✓ within target
143	MON	$421k	-2	17% · max 24	–	✓ within target
144	AXS	$620k	-2	0% · max 9	–	✓ within target
145	GIGGLE	$382k	-2	6% · max 19	–	✓ within target
146	KAITO	$2.0M	-2	24% · max 21	–	✓ within target
147	WIF	$350k	-2	0% · max 12	–	✓ within target
148	EIGEN	$352k	-2	1% · max 15	–	✓ within target
149	CFX	$1.1M	-3	0% · max 12	–	✓ within target
150	ZK	$1.8M	-3	10% · max 16	–	✓ within target
151	ATOM	$1.9M	-3	0% · max 12	–	✓ within target
152	RIVER	$435k	-3	6% · max 30	–	✓ within target
153	PUMP	$9.4M	-4	0% · max 3	–	✓ within target
154	GRVT	$102k	-5	6% · max 34	–	✓ within target
155	KORU RWA	$136k	-5	9% · max 28	–	✓ within target
156	AVNT	$803k	-10	0% · max 23	–	✓ within target
157	BRKB RWA	$175k	-301	50% · max 14	–	✓ within target
158	OPENAI RWA	$112k	-301	92% · max 8	–	✓ within target
159	SPACEX RWA	$134k	–	–	–	no Binance pair

Runs on record: 79 (latest 2026-10-19T06:30:38Z). 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.