======================================================================== Economic Fee Sensitivity v0.1 (MATCHED=3890) ======================================================================== gross_markout_30s_usdt: -1.730780 USDT fee_total_usdt: +42.422146 USDT realized_component_usdt:-8.521730 USDT Fee assumption → Net attributable @30s ------------------------------------------ fee_factor | fee_usdt_assumed | net_attr_30s_usdt 1.00 | +42.422146 | -52.674655 0.50 | +21.211073 | -31.463582 0.25 | +10.605536 | -20.858046 0.10 | +4.242215 | -14.494724 0.00 | +0.000000 | -10.252510 Interpretation: - If net remains < 0 at fee_factor=0 → economics not salvageable by fee reduction alone. - If fee reduction flips net > 0 → current venue/fee tier can be the dominant issue. ========================================================================