Hyperliquid Spread Watch
Record quote differences between Hyperliquid and other venues while the execution and backtest model is built separately.
Compare net spreads across venues without assuming both legs can be filled safely.
Cross-market differences after estimated costs are worth recording and explaining.
A compatible data and analysis model must exist before results can be published.
Arbitrage monitoring requires synchronized order books and a two-leg execution model; ordinary candles are not enough.