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Dislocation log

Every gap we saw, when it opened, when it closed.

TickerPeakOpenedClosedLastedCheap venueLowRich venueHigh
QQQ540 bps2026-09-08 03:18 UTCopen4h 4muniswap v4$718.13uniswap v4$757.18

A dislocation opens when the spread across qualifying venues passes 100 bps on two consecutive polls, and closes when it falls back under 50 bps on two consecutive polls. The hysteresis is deliberate: without it a token sitting on the threshold would fill this log with noise.