Research

Notes from the plumbing

What we learn while connecting to venues and measuring them, written down so the next team does not have to find it twice. No price predictions, no signals.

25 Oct 2026
4 min read

How we measure exchange latency, and what the two numbers mean

The Latency Monitor shows a connect time and a request time for every venue. Here is exactly how each is produced, why they are kept apart, and what you should not read into them.