GRVT Liquidity Board

Updated 2026-10-19 11:00 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 27 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 ●

16 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 — 16 fixed · 2 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	93% · max 34	Not fixed
CL RWA	9/30	+1	100% · max 3	Not fixed
MEGA	10/13	+1	67% · max 32	Improved
HOOD RWA	9/24	+0	44% · max 6	Improved
COPPER RWA	9/30	-0	52% · max 4	Fixed
CRCL RWA	9/30	-0	11% · max 3	Fixed
INTC RWA	9/24	-0	11% · max 4	Fixed
ASTER	9/30	-0	7% · max 5	Fixed
MSTR RWA	9/30	-0	22% · max 3	Fixed
EWJ RWA	9/24	-1	41% · max 43	Fixed
COIN RWA	9/30	-1	7% · max 5	Fixed
OP	9/24	-1	7% · max 8	Fixed
ARB	9/24	-2	0% · max 4	Fixed
ENA	9/24	-2	0% · max 2	Fixed
KBONK	9/24	-2	0% · max 10	Fixed
LDO	9/30	-2	7% · max 11	Fixed
STRK	9/24	-2	0% · max 6	Fixed
JUP	9/30	-3	0% · max 8	Fixed
BERA	9/30	-4	11% · max 21	Fixed
BARD	10/13	-7	22% · max 42	Fixed
TRUMP	10/13	-1	0% · max 9	Was already OK
ADA	10/13	-2	4% · max 8	Was already OK
XPT RWA	9/24	-2	0% · max 4	Was already OK
FARTCOIN	9/30	-3	0% · max 15	Was already OK
XPD RWA	9/24	-5	0% · max 8	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	PAYP RWA	$513k	+53	96% · max 92	39.4
2	BASED	$245k	+127	93% · max 336	26.9	low volume
3	V RWA	$176k	no fill	96% · max 15	22.0	low volume
4	LLY RWA	$144k	no fill	78% · max 9	19.4	low volume
5	CRM RWA	$143k	no fill	100% · max 24	19.3	low volume
6	LGELECTRONICS RWA	$138k	no fill	81% · max 64	18.8	low volume
7	AMAT RWA	$137k	no fill	85% · max 17	18.7	low volume
8	NAVER RWA	$136k	no fill	74% · max 38	18.7	low volume
9	HANMI RWA	$136k	no fill	100% · max no fill	18.7	low volume
10	KODEX200 RWA	$135k	no fill	67% · max 113	18.6	low volume
11	GS RWA	$132k	no fill	93% · max 17	18.3	low volume
12	ASML RWA	$124k	no fill	74% · max 10	17.5	low volume
13	OPENAI RWA	$113k	no fill	89% · max 5	16.4	low volume
14	ANTHROPIC RWA	$102k	no fill	63% · max 6	15.2	low volume
15	FLNC RWA	$95k	+134	100% · max 235	14.5	low volume
16	HD RWA	$94k	no fill	100% · max 22	14.4	low volume
17	JPM RWA	$92k	no fill	67% · max 21	14.1	low volume
18	QNTX RWA	$133k	+36	100% · max 86	13.4	low volume
19	NVO RWA	$140k	+31	100% · max 76	11.7	low volume
20	UVXY RWA	$131k	+29	100% · max 84	10.6	low volume
21	BBX RWA	$120k	+28	96% · max 70	9.6	low volume
22	KSTR RWA	$133k	+25	96% · max 65	9.0	low volume
23	ONDS RWA	$128k	+21	96% · max 60	7.6	low volume
24	EWZ RWA	$120k	+22	100% · max 65	7.5	low volume
25	URNM RWA	$131k	+20	93% · max 80	7.4	low volume
26	USAR RWA	$228k	+13	96% · max 63	6.6	low volume
27	UBER RWA	$211k	+12	100% · max 44	6.1	low volume
28	SMCI RWA	$119k	+17	100% · max 68	6.0	low volume
29	ASTS RWA	$128k	+16	100% · max 71	5.7	low volume
30	NOW RWA	$132k	+12	96% · max 33	4.5	low volume
31	STXX RWA	$126k	+12	67% · max 24	4.3	low volume
32	AXTI RWA	$140k	+11	100% · max 34	4.0	low volume
33	XLE RWA	$129k	+11	100% · max 48	3.8	low volume
34	MINIMAX RWA	$130k	+10	96% · max 44	3.7	low volume
35	BX RWA	$132k	+9	93% · max 39	3.4	low volume
36	MOODENG	$369k	+5	96% · max 28	3.2
37	CBRS RWA	$160k	+8	100% · max 21	3.2	low volume
38	GLW RWA	$142k	+8	100% · max 32	3.0	low volume
39	POPCAT	$359k	+4	70% · max 30	2.9
40	W	$333k	+4	93% · max 22	2.7
41	EWT RWA	$124k	+8	81% · max 47	2.7	low volume
42	MORPHO	$101k	+8	100% · max 23	2.5	low volume
43	CRDO RWA	$127k	+6	85% · max 30	2.3	low volume
44	RKLB RWA	$153k	+6	96% · max 30	2.3	low volume
45	COHR RWA	$126k	+6	96% · max 24	2.3	low volume
46	CRWD RWA	$136k	+6	96% · max 26	2.2	low volume
47	CSCO RWA	$147k	+5	96% · max 41	2.1	low volume
48	AAOI RWA	$127k	+6	89% · max 26	2.1	low volume
49	SOXL RWA	$238k	+4	100% · max 15	2.0	low volume
50	IREN RWA	$138k	+5	93% · max 40	2.0	low volume
51	BABA RWA	$219k	+4	100% · max 15	2.0	low volume
52	CC	$443k	+3	78% · max 25	2.0
53	DIS RWA	$89k	+7	96% · max 39	1.9	low volume
54	HYUNDAI RWA	$155k	+4	78% · max 27	1.8	low volume
55	MRNA RWA	$129k	+5	93% · max 25	1.8	low volume
56	NFLX RWA	$117k	+5	96% · max 22	1.7	low volume
57	IBM RWA	$125k	+5	89% · max 18	1.6	low volume
58	SAHARA	$338k	+2	96% · max 22	1.5
59	QCOM RWA	$143k	+4	89% · max 16	1.5	low volume
60	CRWV RWA	$169k	+3	85% · max 22	1.5	low volume
61	MRVL RWA	$198k	+3	96% · max 10	1.4	low volume
62	PENDLE	$318k	+2	78% · max 18	1.4
63	ARM RWA	$126k	+4	96% · max 21	1.3	low volume
64	ORCL RWA	$156k	+3	96% · max 12	1.2	low volume
65	WDC RWA	$127k	+3	93% · max 18	1.2	low volume
66	NBIS RWA	$113k	+4	96% · max 17	1.2	low volume
67	NOK RWA	$122k	+3	78% · max 48	1.2	low volume
68	BE RWA	$127k	+3	70% · max 16	1.1	low volume
69	WMT RWA	$158k	+3	96% · max 24	1.1	low volume
70	IWM RWA	$119k	+3	100% · max 21	1.0	low volume
71	TAO	$682k	+1	93% · max 5	1.0
72	AVGO RWA	$256k	+2	100% · max 8	0.8	low volume
73	AMZN RWA	$544k	+1	81% · max 5	0.8
74	SQQQ RWA	$134k	+2	93% · max 12	0.8	low volume
75	BMNR RWA	$130k	+2	78% · max 21	0.7	low volume
76	PENGU	$1.5M	+1	74% · max 9	0.7
77	XLM	$472k	+1	85% · max 7	0.7
78	LINK	$2.5M	+0	81% · max 6	0.6
79	MSFT RWA	$399k	+1	96% · max 5	0.6
80	BZ RWA	$284k	+1	100% · max 5	0.5	low volume
81	ZEC	$401k	+1	85% · max 4	0.5
82	TQQQ RWA	$137k	+1	74% · max 9	0.5	low volume
83	NVDA RWA	$445k	+1	100% · max 5	0.5
84	GOOGL RWA	$470k	+1	89% · max 3	0.4
85	META RWA	$527k	+1	81% · max 4	0.4
86	SKHY RWA	$115k	+1	96% · max 6	0.4	low volume
87	LTC	$1.8M	+0	59% · max 7	0.4
88	AAPL RWA	$391k	+1	93% · max 3	0.4
89	XAG RWA	$1.9M	+0	89% · max 6	0.3
90	DELL RWA	$113k	+1	85% · max 10	0.3	low volume
91	LITE RWA	$220k	+1	74% · max 7	0.3	low volume
92	TSM RWA	$338k	+0	67% · max 9	0.2
93	KAIA	$333k	+0	63% · max 25	0.2
94	SKHYNIX RWA	$215k	+0	89% · max 4	0.1	low volume
95	SNDK RWA	$207k	+0	78% · max 5	0.1	low volume
96	XMR	$730k	+0	56% · max 8	0.1
97	TSLA RWA	$3.3M	+0	44% · max 4	0.1
98	AMD RWA	$80k	+0	67% · max 6	0.1	low volume
99	MU RWA	$322k	+0	48% · max 3	0.0
100	SPY RWA	$405k	+0	78% · max 2	0.0
101	BCH	$0k	+1	89% · max 6	0.0	low volume
102	KPEPE	$2.6M	-0	48% · max 6	–	✓ within target
103	LINEA	$441k	-0	52% · max 30	–	✓ within target
104	SAMSUNG RWA	$135k	-0	37% · max 5	–	✓ within target
105	WLD	$702k	-0	26% · max 6	–	✓ within target
106	UNI	$1.8M	-0	41% · max 5	–	✓ within target
107	HBAR	$372k	-0	52% · max 5	–	✓ within target
108	PLTR RWA	$409k	-0	48% · max 7	–	✓ within target
109	DRAM RWA	$172k	-0	48% · max 11	–	✓ within target
110	STRC RWA	$122k	-0	44% · max 7	–	✓ within target
111	EWY RWA	$460k	-0	19% · max 3	–	✓ within target
112	PAXG	$2.3M	-0	33% · max 3	–	✓ within target
113	XAUT	$137k	-0	33% · max 2	–	✓ within target
114	DOT	$369k	-0	19% · max 6	–	✓ within target
115	NATGAS RWA	$220k	-0	44% · max 11	–	✓ within target
116	DOGE	$3.5M	-0	37% · max 4	–	✓ within target
117	NEAR	$342k	-0	44% · max 6	–	✓ within target
118	FIL	$324k	-0	7% · max 4	–	✓ within target
119	AVAX	$710k	-1	7% · max 4	–	✓ within target
120	ONDO	$307k	-1	15% · max 6	–	✓ within target
121	SUI	$6.9M	-1	11% · max 4	–	✓ within target
122	KSHIB	$833k	-1	11% · max 5	–	✓ within target
123	WLFI	$947k	-1	11% · max 6	–	✓ within target
124	AAVE	$3.8M	-1	7% · max 4	–	✓ within target
125	QQQ RWA	$198k	-1	4% · max 1	–	✓ within target
126	XRP	$39.5M	-1	0% · max 1	–	✓ within target
127	ETH	$70.9M	-1	0% · max 0	–	✓ within target
128	BTC	$155.1M	-1	0% · max 0	–	✓ within target
129	XAU RWA	$3.5M	-1	0% · max 1	–	✓ within target
130	BNB	$27.2M	-1	0% · max 0	–	✓ within target
131	SOL	$31.9M	-1	0% · max 1	–	✓ within target
132	XPL	$93k	-1	7% · max 11	–	✓ within target
133	BRKB RWA	$175k	-1	81% · max 14	–	✓ within target
134	POL	$2.6M	-1	19% · max 10	–	✓ within target
135	LIT	$2.0M	-1	26% · max 14	–	✓ within target
136	SEI	$337k	-1	4% · max 9	–	✓ within target
137	HYPE	$40.4M	-1	0% · max 1	–	✓ within target
138	LA	$365k	-1	33% · max 17	–	✓ within target
139	ZEN	$331k	-1	15% · max 15	–	✓ within target
140	ICP	$354k	-1	0% · max 9	–	✓ within target
141	GIGGLE	$374k	-2	7% · max 19	–	✓ within target
142	CRV	$426k	-2	4% · max 11	–	✓ within target
143	VIRTUAL	$719k	-2	0% · max 7	–	✓ within target
144	MON	$428k	-2	26% · max 24	–	✓ within target
145	PROVE	$427k	-2	30% · max 27	–	✓ within target
146	WIF	$352k	-2	0% · max 12	–	✓ within target
147	AXS	$643k	-2	0% · max 9	–	✓ within target
148	KAITO	$2.0M	-2	19% · max 21	–	✓ within target
149	EIGEN	$354k	-3	0% · max 14	–	✓ within target
150	ZK	$1.8M	-3	11% · max 15	–	✓ within target
151	CFX	$1.1M	-3	0% · max 11	–	✓ within target
152	RIVER	$416k	-3	15% · max 30	–	✓ within target
153	ATOM	$2.0M	-3	0% · max 12	–	✓ within target
154	PUMP	$8.6M	-4	0% · max 2	–	✓ within target
155	GRVT	$108k	-5	11% · max 34	–	✓ within target
156	KORU RWA	$136k	-5	11% · max 28	–	✓ within target
157	AVNT	$857k	-7	0% · max 23	–	✓ within target
158	SAMSUNGEM RWA	$134k	-301	100% · max no fill	–	✓ within target
159	SPACEX RWA	$130k	–	–	–	no Binance pair

Runs on record: 28 (latest 2026-10-19T02:00:39Z). 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.