XAU Lighter Market Maker

Disconnected
Live Chart Admin
Lighter MM
Status stopped
Enabled ADMIN
Max Inventory $150
Volume Quota -
Lighter Warehouse
Size 0 XAU
Value $0
Inventory % 0%
Lighter Taker
Enabled ADMIN
Status off
P&L -
Record -
Size -
Mid Prices -
BINANCE -
-
Reference
HYPERLIQUID -
-
-
LIGHTER -
-
-
Avellaneda-Stoikov Signals -
-
-
Lead Signal (Binance)
-
Lead Conf
-
Flow Signal
-
Flow Conf
-
EWMA Vol
-
RVol 5s
-
Basis 5s
-
Basis 60s
-
Basis Blend
-
Vol 1m
-
Vol 5m
-
Vol 1h
-
Vol Regime
-
Toxicity
-
Markout (bps)
-
Pdx Imbalance
-
Ltr Imb BBO
-
Trade Flow 1s
-
Trade Flow 5s
-
Trade Flow 30s
-
Binance Mid
-
-
μBinance TOB
-
-
μBinance L2 100ms
-
Spread EWMA
-
Pdx Mid
-
-
μPdx TOB
-
-
μPdx 3bp
-
Buy Pressure
-
Sell Pressure
- / -
Can Buy/Sell
-
Rate Limit
Mid Price
Price Difference vs Binance
X-Exchange Spreads (Taker-Taker) -
Binance L2 Imbalance (BBO / 3bp / 5bp / 10bp)
Lighter L2 Imbalance (BBO / 3bp / 5bp / 10bp)
Binance Microprices
Binance Microprice − Mid (bps, + = bid-heavy / upward pressure)
HL Orderbook
BidSize
AskSize
Binance Orderbook
BidSize
AskSize
E:- T:-
Lighter Orderbook
BidSize
AskSize
Binance Market Trades
Time Side Price Size
Waiting for trades...
Lighter Market Trades
Time Side Price Size
Waiting for trades...
Lighter MM Cockpit
21104: — presign-miss: —
Binance mid
Binance BBO
Binance L1 µprice
Binance 3bp µprice
Binance blend µprice
Binance synth-3bp µprice
Model mid
Reservation
Lighter mid
Lighter BBO
Our bid
Our ask
●Binance buys
●Binance sells
■Lighter buys
■Lighter sells
▲Our fills
Binance BBO streams: —
Binance → mdm engine (fastest stream): —
Lighter BBO streams: —
Lighter → mdm engine (fastest stream): —
Binance L2 streams: —
Consumer-side wins: —
Binance trade streams: —
Consumer-side wins: —
Model
── Spread (AS) ──
σ = max(vol_5m, vol_1m, γ·vol_1h) = —
σ/s = (σ / √31557600) · mid = —
γ_eff = γ × (1 + m × rvol_5s(—)) = —
spread = 2 · γ_eff · σ/s · √T = —
floor = 2 · (ASbps + feebps) = —
── Inventory ──
q = pos_usd / max_inv = —
entry side × (1 + κ · q²) = — — exit side unchanged
skew = q · ½spread · γ = —
── Directional Signal ──
dir = wα·α + wf·flow + wb2·binOB2 + wb5·binOB5 + wb10·binOB10 + wl5·ltrOB5 = —
α=— flow=— bOB2=— bOB5=— bOB10=— lOB5=—
── Final Quotes ──
binance mid = —
binance L1 microprice = —
binance 3bp microprice = —
binance blend microprice = —
binance synth-3bp microprice = —
model mid = —
reservation = model mid − skew = —
bid_half = ½spread · (1 − dir · δ) = —
bid = reservation − bid_half = —
ask_half = ½spread · (1 + dir · δ) = —
ask = reservation + ask_half = —
mode = —   (tox — vs threshold —)
── Taker SL ──
SL: OFF | loss > — bps & |bob2| opposes > —

Current Signals

Toxicity—
Direction—
Flow 5s—
Flow 1s—
Flow Signal—
Binance OB 3bp—
Binance OB 5bp—
Lighter OB Imb—
Paradex OB Imb—
Spread bps—
Vol 1m—
Vol 5m—
Vol 1h—
Ret 1s (bps)—
Spread Tox—

Our Fills

TimeSidePriceSizeM/TClosed PnL

Position

Size (XAU)—
Avg Entry—
Close Price—
Open PnL—

Active Orders

SidePriceSizeOrder IDStatus

Order History (last 40)

TimeStatusSidePriceSize

Recent Quotes (last 20)

TimeBidAskSpread ($)

Latency (p50 / p90 / p99) · HdrHistogram rolling windows

-
metric 1s 1min 10min 60min p99
tick→trade-/-/--/-/--/-/-
decision-/-/--/-/--/-/-
sign+send-/-/--/-/--/-/-
loop_iter-/-/--/-/--/-/-
Markout Analysis
Horizon Bn Mid Bn MO (USD) Bn MO (bps) Lt Mid Lt MO (USD) Lt MO (bps) Alpha Tox Sprd BN bbo BN 2 BN 5 BN 10 LT bbo LT 2 LT 5 LT 10
Select a fill to view markout
Markout Aggregate Mean bps + cumulative $ across overlapping sample sizes
Bucket n mean 1s p50 1s p90 1s mean 5s p50 5s p90 5s mean 15s p50 15s p90 15s cum $
Loading…
Markout Fan Every fill's markout trajectory (bps) from t=-15s to +15s — up = good
Lighter Fills (Ours)
Time Side Price Size M/T
Waiting for fills...
Price History
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Basis Points vs Binance
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