{"generated_at":"2026-07-14T02:56:47.377Z","source_observed_at":"2026-07-14T02:56:47.374Z","live":true,"markets_screened":177,"assumptions":{"notionalUsd":10000,"holdingHours":168,"totalCostBps":20,"notional_definition":"Matched USD notional on each hedged leg.","total_cost_definition":"User-supplied all-in entry and planned-exit fees plus slippage, expressed against one leg's notional."},"top_opportunity":{"coin":"LIT","gross_spread_annualized_pct":32.89,"execution_tier":"high","projected_economics":{"grossFundingUsd":63.08,"assumedTotalCostUsd":20,"projectedNetFundingUsd":43.08,"projectedNetYieldPct":0.4308,"netAnnualizedPct":22.46,"breakEvenHours":53.3},"cost_screen":"passes","venue_pair":{"long":"HlPerp","short":"BinPerp"},"decision_status":"requires_risk_review"},"benchmark_markets":[{"coin":"BTC","mark_price":62527,"change_24h_pct":-1.32,"funding_annualized_pct":10.95,"basis_bps":-3.2,"open_interest_usd":2246814964.94,"volume_24h_usd":1891323854.75},{"coin":"ETH","mark_price":1782.7,"change_24h_pct":-1.32,"funding_annualized_pct":10.95,"basis_bps":0.56,"open_interest_usd":1568345446.93,"volume_24h_usd":1258582058.65},{"coin":"SOL","mark_price":75.048,"change_24h_pct":-1.83,"funding_annualized_pct":9.1,"basis_bps":-4.93,"open_interest_usd":354768489.11,"volume_24h_usd":227784902.63}],"paid_endpoint":"/v1/perps/pulse","price_usdc":0.003,"caveat":"The preview is a screening result. Check execution_evidence for point-in-time entry depth and descriptive funding persistence; neither is a fill guarantee or forecast.","evidence_scope":"Execution evidence covers the top candidate restricted to Hyperliquid and Binance, whose L2 books and funding histories are reachable from the production runtime. Rankings may include additional venues without pair-level execution evidence.","execution_evidence":{"status":"available","decision_readiness":"screening_only_with_live_entry_evidence","coin":"LIT","venue_pair":{"long":"HlPerp","short":"BinPerp"},"requested_notional_usd_per_leg":10000,"books_observed_at":{"long":"2026-07-14T02:56:46.866Z","short":"2026-07-14T02:56:47.487Z"},"timing":{"evidence_assembled_at":"2026-07-14T02:56:47.633Z","oldest_book_age_ms_at_assembly":767,"inter_venue_snapshot_skew_ms":621,"modeled_order_submission_latency_ms":null,"latency_model":"Not modeled. Clients should reject snapshots older than their own execution-latency tolerance.","temporal_attribution":{"aligned_snapshot_observations":1,"same_interval_spread_volatility_bps":null,"depth_slippage_correlation":null,"quote_state_attribution":"not_identifiable_from_single_snapshot","required_evidence":"Time-aligned venue midprices, order books, quote-update timestamps, and simulated arrival fills sampled across a declared window."}},"entry_liquidity":{"long_leg":{"venue":"HlPerp","side":"buy","requested_notional_usd":10000,"loaded_book_depth_usd":45051.41,"fillable_in_loaded_depth":true,"filled_notional_usd":10000,"best_price":2.3882,"reference_mid_price":2.3879,"average_fill_price":2.38873198,"worst_fill_price":2.3892,"estimated_market_impact_bps":2.23,"estimated_market_impact_vs_same_side_top_bps":2.23,"estimated_entry_slippage_vs_mid_bps":3.48,"levels_consumed":9},"short_leg":{"venue":"BinPerp","side":"sell","requested_notional_usd":10000,"loaded_book_depth_usd":91876.88,"fillable_in_loaded_depth":true,"filled_notional_usd":10000,"best_price":2.3864,"reference_mid_price":2.38645,"average_fill_price":2.38331683,"worst_fill_price":2.3814,"estimated_market_impact_bps":12.92,"estimated_market_impact_vs_same_side_top_bps":12.92,"estimated_entry_slippage_vs_mid_bps":13.13,"levels_consumed":50},"both_legs_fillable_in_loaded_depth":true,"estimated_combined_entry_market_impact_bps":15.15,"estimated_combined_entry_slippage_vs_mid_bps":16.61,"walked_cross_venue_entry_basis_bps":-22.67,"liquidity_screen_basis":"Combined buy/sell average-fill slippage versus each venue midpoint. This includes the displayed half-spreads; it is not realized execution.","total_cost_budget_bps":20,"total_cost_budget_policy":"Caller-supplied hard ceiling. It does not auto-scale with spread or volatility; displayed half-spreads are already charged through midpoint-referenced entry slippage.","remaining_total_cost_budget_after_entry_impact_bps":4.85,"remaining_total_cost_budget_after_entry_slippage_vs_mid_bps":3.39,"liquidity_screen":"passes_point_in_time_entry_slippage_only","point_in_time_notional_sensitivity":[{"multiple_of_requested_notional":0.25,"notional_usd_per_leg":2500,"both_legs_fillable_in_loaded_depth":true,"estimated_combined_entry_slippage_vs_mid_bps":8.41,"walked_cross_venue_entry_basis_bps":-14.48},{"multiple_of_requested_notional":0.5,"notional_usd_per_leg":5000,"both_legs_fillable_in_loaded_depth":true,"estimated_combined_entry_slippage_vs_mid_bps":10.89,"walked_cross_venue_entry_basis_bps":-16.95},{"multiple_of_requested_notional":1,"notional_usd_per_leg":10000,"both_legs_fillable_in_loaded_depth":true,"estimated_combined_entry_slippage_vs_mid_bps":16.61,"walked_cross_venue_entry_basis_bps":-22.67},{"multiple_of_requested_notional":1.5,"notional_usd_per_leg":15000,"both_legs_fillable_in_loaded_depth":true,"estimated_combined_entry_slippage_vs_mid_bps":21.05,"walked_cross_venue_entry_basis_bps":-27.09},{"multiple_of_requested_notional":2,"notional_usd_per_leg":20000,"both_legs_fillable_in_loaded_depth":true,"estimated_combined_entry_slippage_vs_mid_bps":24.81,"walked_cross_venue_entry_basis_bps":-30.86}]},"funding_persistence_24h":{"model":"Descriptive independent per-venue rolling means; not a time-aligned spread series or stochastic forecast.","long_leg":{"venue":"HlPerp","observations":24,"mean_annualized_pct":-43.02,"latest_annualized_pct":-3.26,"standard_deviation_annualized_pct":37.31,"positive_share_pct":12.5},"short_leg":{"venue":"BinPerp","observations":6,"mean_annualized_pct":-5.15,"latest_annualized_pct":10.95,"standard_deviation_annualized_pct":25.37,"positive_share_pct":50},"current_spread_annualized_pct":32.89,"rolling_mean_spread_annualized_pct":37.87,"rolling_mean_retention_vs_current_pct":115.1,"economic_scenarios":{"policy":"No weighted blend or forecast. Both the instantaneous and descriptive 24h rolling-mean cost screens must pass; either may veto the candidate.","decision_policy":{"mode":"conjunctive_veto","required_to_pass":["instantaneous_current_spread","descriptive_24h_rolling_mean"],"weighting":null,"regime_shift_detection":"not_modeled","rolling_mean_confidence_decay":"not_modeled"},"instantaneous_current_spread":{"spread_annualized_pct":32.89,"projected_economics":{"grossFundingUsd":63.08,"assumedTotalCostUsd":20,"projectedNetFundingUsd":43.08,"projectedNetYieldPct":0.4308,"netAnnualizedPct":22.46,"breakEvenHours":53.3},"cost_screen":"passes"},"descriptive_24h_rolling_mean":{"spread_annualized_pct":37.87,"projected_economics":{"grossFundingUsd":72.63,"assumedTotalCostUsd":20,"projectedNetFundingUsd":52.63,"projectedNetYieldPct":0.5263,"netAnnualizedPct":27.44,"breakEvenHours":46.3},"cost_screen":"passes"}}},"limitations":["Order books are point-in-time public snapshots, not guaranteed fills.","Entry-slippage estimates exclude taker fees, exit impact, submission latency, queue movement, and adverse selection.","Notional sensitivity re-walks one static snapshot; it is not temporal depth decay or a latency simulation.","One aligned observation cannot attribute thin depth to liquidity withdrawal versus stale quotes or estimate its correlation with spread volatility.","Funding history is descriptive and does not forecast future funding or basis convergence."]},"paid_resources":{"pulse":"https://carry-lens-api.vercel.app/v1/perps/pulse","radar":"https://carry-lens-api.vercel.app/v1/perps/radar","report":"https://carry-lens-api.vercel.app/v1/perps/report"},"subscriptions":{"starter":"https://carry-lens-api.vercel.app/v1/subscriptions/starter","pro":"https://carry-lens-api.vercel.app/v1/subscriptions/pro"},"buyer_example":"https://carry-lens-api.vercel.app/examples/buy.mjs","payment":"x402 v2 on Base USDC; pay per call or use an anonymous 30-day bearer subscription"}