2028 Republican Nominee Odds for President

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Updated 5 minutes ago · 4:43 PM PDT

J.D. Vance continues to lead the 2028 Republican nomination at 48.9%, but his lead has narrowed since January as Iran-war backlash tests his MAGA standing. Marjorie Taylor Greene broke ranks in March to float Tucker Carlson as an alternative. Marco Rubio has closed the gap to 17.0% on a 35% CPAC straw-poll finish and a central role in Iran diplomacy that Vance has stepped back from. Donald J. Trump Jr. sits at 3.5% likely due to his "zero ambition," but kept in play by Trump's public break with him and the MAGA fracture over Iran. The Republican nominee market has traded $52.8K in the last 24 hours. Our custom Republican Nominee odds blends live pricing from Kalshi, Polymarket, and Forecastex into a single consensus probability, refreshed hourly.

Largest Spread
6.02%
J.D. Vance → View arbs
Current Favorite
49.7%
J.D. Vance 1.5%
24H Volume (Share)
$69.4K
K: 23.6% P: 76.1% G: 0.3% F: 0.0%
Momentum Leader
+7.1%
Marco Rubio YTD change

Probability Over Time

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Platform:
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Mode:
Average:
Outcome:
Visible lines Aggregated · VWAP · All platforms
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Current Odds Snapshot

Current probabilities across platforms with liquidity indicators

Sort:
JDV
J.D. Vance
Vol $6.3K Spread 9.2%
Agg 48.9%
↓ -1.5%
P 51.2%
K 45.5%
G 44.5%
F 42.0%
MR
Marco Rubio
Vol $17.5K Spread 12.6%
Agg 17.0%
↑ +7.1%
F 29.0%
K 20.5%
G 20.5%
P 16.4%
DJT
Donald J. Trump Jr.
Vol $0 Spread
Agg 3.5%
— +0.0%
G 3.5%
DTJ
Donald Trump Jr.
Vol $664 Spread 2.5%
Agg 3.2%
↓ -0.5%
F 4.0%
K 3.4%
P 1.6%
TC
Tucker Carlson
Vol $3.1K Spread 0.7%
Agg 3.0%
↑ +0.3%
P 3.6%
K 2.8%
RD
Ron DeSantis
Vol $4.6K Spread 7.7%
Agg 2.6%
↓ -1.6%
F 10.0%
G 4.5%
K 4.5%
P 2.4%
DJT
Donald J. Trump
Vol $280 Spread 5.1%
Agg 2.2%
↓ -2.4%
F 7.0%
G 2.5%
K 2.3%
P 2.0%
TC
Ted Cruz
Vol $2.1K Spread 0.4%
Agg 1.8%
↓ -0.6%
K 1.8%
P 1.8%
G 1.5%
TM
Thomas Massie
Vol $2 Spread 0.4%
Agg 1.1%
↓ -0.4%
G 1.5%
K 1.1%
IT
Ivanka Trump
Vol $123 Spread
Agg 0.9%
↓ -0.2%
P 0.9%
GY
Glenn Youngkin
Vol $1.1K Spread 3.6%
Agg 0.7%
↓ -0.7%
F 4.0%
G 1.5%
K 1.0%
P 0.4%
NH
Nikki Haley
Vol $210 Spread 1.4%
Agg 0.5%
↓ -0.8%
G 1.5%
K 0.5%
P 0.2%
VR
Vivek Ramaswamy
Vol $0 Spread 0.3%
Agg 0.4%
↓ -0.6%
K 0.5%
P 0.3%
BK
Brian Kemp
Vol $462 Spread 1.2%
Agg 0.4%
↓ -0.7%
G 1.5%
K 0.8%
P 0.4%
GA
Greg Abbott
Vol $6.3K Spread 1.4%
Agg 0.4%
↓ -0.3%
G 1.5%
K 0.6%
P 0.2%
JH
Josh Hawley
Vol $152 Spread 0.5%
Agg 0.4%
↓ -0.8%
K 0.9%
P 0.4%
MTG
Marjorie Taylor Greene
Vol $85 Spread 1.2%
Agg 0.4%
↓ -2.3%
G 1.5%
K 0.8%
P 0.4%
RFK
Robert F. Kennedy Jr.
Vol $168 Spread 3.7%
Agg 0.4%
↓ -0.6%
F 4.0%
K 0.4%
P 0.4%
TG
Tulsi Gabbard
Vol $56 Spread 4.7%
Agg 0.4%
↓ -0.8%
F 5.0%
P 0.4%
K 0.3%
BD
Byron Donalds
Vol $311 Spread 1.3%
Agg 0.3%
↓ -0.3%
G 1.5%
K 0.4%
P 0.3%
RP
Rand Paul
Vol $126 Spread
Agg 0.3%
↓ -0.5%
P 0.3%
SB
Steve Bannon
Vol $186 Spread 0.1%
Agg 0.2%
↓ -0.8%
K 0.3%
P 0.2%
ES
Elise Stefanik
Vol $342 Spread 0.0%
Agg 0.2%
↓ -0.4%
K 0.2%
P 0.2%
KB
Katie Britt
Vol $337 Spread 0.4%
Agg 0.2%
↓ -0.4%
K 0.5%
P 0.2%
KK
Kim Kardashian
Vol $32 Spread
Agg 0.2%
↓ -0.7%
P 0.2%
KN
Kristi Noem
Vol $1.1K Spread 0.1%
Agg 0.2%
↓ -0.5%
P 0.2%
K 0.1%
MP
Mike Pence
Vol $451 Spread 0.3%
Agg 0.2%
↓ -0.4%
K 0.4%
P 0.2%
TB
Tom Brady
Vol $83 Spread
Agg 0.2%
↓ -0.4%
P 0.2%
JT
John Thune
Vol $0 Spread 0.1%
Agg 0.1%
↓ -0.4%
K 0.2%
P 0.1%
SHS
Sarah Huckabee Sanders
Vol $22.0K Spread 0.5%
Agg 0.1%
↓ -0.6%
K 0.5%
P 0.1%
EM
Elon Musk
Vol $6 Spread 0.1%
Agg 0.1%
↓ -0.7%
K 0.2%
P 0.1%
EK
Erika Kirk
Vol $274 Spread 0.1%
Agg 0.1%
↓ -0.7%
K 0.1%
P 0.1%
MG
Matt Gaetz
Vol $1.0K Spread 0.0%
Agg 0.1%
↓ -0.5%
K 0.1%
P 0.1%
Outcome Aggregated Spread Volume Kalshi Polymarket Gemini ForecastEx
JDV
J.D. Vance
48.9%
↓ -1.5%
9.2%
$6.3K
Kalshi 45.5%
45–46¢ Vol $2.3K
Polymarket 51.2%
51.2–51.3¢ Vol $3.8K
Gemini 44.5%
44–45¢ Vol $190
ForecastEx 42.0%
42¢ Vol $0
MR
Marco Rubio
17.0%
↑ +7.1%
12.6%
$17.5K
Kalshi 20.5%
20–21¢ Vol $2.5K
Polymarket 16.4%
16.2–16.6¢ Vol $15.0K
Gemini 20.5%
20–21¢ Vol $0
ForecastEx 29.0%
29¢ Vol $0
DJT
Donald J. Trump Jr.
3.5%
— +0.0%
$0
Kalshi
Polymarket
Gemini 3.5%
3–4¢ Vol $0
ForecastEx
DTJ
Donald Trump Jr.
3.2%
↓ -0.5%
2.5%
$664
Kalshi 3.4%
3.3–3.4¢ Vol $625
Polymarket 1.6%
1.5–1.6¢ Vol $38
Gemini
ForecastEx 4.0%
Vol $0
TC
Tucker Carlson
3.0%
↑ +0.3%
0.7%
$3.1K
Kalshi 2.8%
2.7–2.9¢ Vol $2.2K
Polymarket 3.6%
3.5–3.6¢ Vol $872
Gemini
ForecastEx
RD
Ron DeSantis
2.6%
↓ -1.6%
7.7%
$4.6K
Kalshi 4.5%
4.4–4.5¢ Vol $576
Polymarket 2.4%
2.3–2.4¢ Vol $4.0K
Gemini 4.5%
4–5¢ Vol $0
ForecastEx 10.0%
10¢ Vol $0
DJT
Donald J. Trump
2.2%
↓ -2.4%
5.1%
$280
Kalshi 2.3%
2.2–2.3¢ Vol $205
Polymarket 2.0%
1.9–2¢ Vol $73
Gemini 2.5%
2–3¢ Vol $2
ForecastEx 7.0%
Vol $0
TC
Ted Cruz
1.8%
↓ -0.6%
0.4%
$2.1K
Kalshi 1.8%
1.8–1.9¢ Vol $2.0K
Polymarket 1.8%
1.7–1.8¢ Vol $80
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
TM
Thomas Massie
1.1%
↓ -0.4%
0.4%
$2
Kalshi 1.1%
1–1.2¢ Vol $2
Polymarket
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
IT
Ivanka Trump
0.9%
↓ -0.2%
$123
Kalshi
Polymarket 0.9%
0.8–0.9¢ Vol $123
Gemini
ForecastEx
GY
Glenn Youngkin
0.7%
↓ -0.7%
3.6%
$1.1K
Kalshi 1.0%
0.9–1¢ Vol $544
Polymarket 0.4%
0.4–0.5¢ Vol $515
Gemini 1.5%
1–2¢ Vol $0
ForecastEx 4.0%
Vol $0
NH
Nikki Haley
0.5%
↓ -0.8%
1.4%
$210
Kalshi 0.5%
0.4–0.6¢ Vol $185
Polymarket 0.2%
0.1–0.2¢ Vol $25
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
VR
Vivek Ramaswamy
0.4%
↓ -0.6%
0.3%
$0
Kalshi 0.5%
0.5–0.6¢ Vol $0
Polymarket 0.3%
0.2–0.3¢ Vol $0
Gemini
ForecastEx
BK
Brian Kemp
0.4%
↓ -0.7%
1.2%
$462
Kalshi 0.8%
0.6–0.9¢ Vol $28
Polymarket 0.4%
0.3–0.4¢ Vol $434
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
GA
Greg Abbott
0.4%
↓ -0.3%
1.4%
$6.3K
Kalshi 0.6%
0.5–0.7¢ Vol $3.1K
Polymarket 0.2%
0.1–0.2¢ Vol $3.3K
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
JH
Josh Hawley
0.4%
↓ -0.8%
0.5%
$152
Kalshi 0.9%
0.8–0.9¢ Vol $0
Polymarket 0.4%
0.3–0.4¢ Vol $152
Gemini
ForecastEx
MTG
Marjorie Taylor Greene
0.4%
↓ -2.3%
1.2%
$85
Kalshi 0.8%
0.7–0.8¢ Vol $0
Polymarket 0.4%
0.3–0.4¢ Vol $85
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
RFK
Robert F. Kennedy Jr.
0.4%
↓ -0.6%
3.7%
$168
Kalshi 0.4%
0.3–0.4¢ Vol $46
Polymarket 0.4%
0.3–0.4¢ Vol $123
Gemini
ForecastEx 4.0%
Vol $0
TG
Tulsi Gabbard
0.4%
↓ -0.8%
4.7%
$56
Kalshi 0.3%
0.2–0.4¢ Vol $0
Polymarket 0.4%
0.3–0.4¢ Vol $56
Gemini
ForecastEx 5.0%
Vol $0
BD
Byron Donalds
0.3%
↓ -0.3%
1.3%
$311
Kalshi 0.4%
0.4–0.5¢ Vol $0
Polymarket 0.3%
0.2–0.3¢ Vol $311
Gemini 1.5%
1–2¢ Vol $0
ForecastEx
RP
Rand Paul
0.3%
↓ -0.5%
$126
Kalshi
Polymarket 0.3%
0.2–0.3¢ Vol $126
Gemini
ForecastEx
SB
Steve Bannon
0.2%
↓ -0.8%
0.1%
$186
Kalshi 0.3%
0.2–0.4¢ Vol $0
Polymarket 0.2%
0.1–0.3¢ Vol $186
Gemini
ForecastEx
ES
Elise Stefanik
0.2%
↓ -0.4%
0.0%
$342
Kalshi 0.2%
0.1–0.2¢ Vol $0
Polymarket 0.2%
0.1–0.2¢ Vol $342
Gemini
ForecastEx
KB
Katie Britt
0.2%
↓ -0.4%
0.4%
$337
Kalshi 0.5%
0.4–0.6¢ Vol $0
Polymarket 0.2%
0.1–0.2¢ Vol $337
Gemini
ForecastEx
KK
Kim Kardashian
0.2%
↓ -0.7%
$32
Kalshi
Polymarket 0.2%
0.1–0.2¢ Vol $32
Gemini
ForecastEx
KN
Kristi Noem
0.2%
↓ -0.5%
0.1%
$1.1K
Kalshi 0.1%
0–0.1¢ Vol $0
Polymarket 0.2%
0.1–0.2¢ Vol $1.1K
Gemini
ForecastEx
MP
Mike Pence
0.2%
↓ -0.4%
0.3%
$451
Kalshi 0.4%
0.4–0.5¢ Vol $0
Polymarket 0.2%
0.1–0.2¢ Vol $451
Gemini
ForecastEx
TB
Tom Brady
0.2%
↓ -0.4%
$83
Kalshi
Polymarket 0.2%
0.1–0.2¢ Vol $83
Gemini
ForecastEx
JT
John Thune
0.1%
↓ -0.4%
0.1%
$0
Kalshi 0.2%
0.1–0.2¢ Vol $0
Polymarket 0.1%
0.1¢ Vol $0
Gemini
ForecastEx
SHS
Sarah Huckabee Sanders
0.1%
↓ -0.6%
0.5%
$22.0K
Kalshi 0.5%
0.5–0.6¢ Vol $2.0K
Polymarket 0.1%
0.1¢ Vol $20.0K
Gemini
ForecastEx
EM
Elon Musk
0.1%
↓ -0.7%
0.1%
$6
Kalshi 0.2%
0.1–0.2¢ Vol $0
Polymarket 0.1%
0.1¢ Vol $6
Gemini
ForecastEx
EK
Erika Kirk
0.1%
↓ -0.7%
0.1%
$274
Kalshi 0.1%
0–0.2¢ Vol $0
Polymarket 0.1%
0.1¢ Vol $274
Gemini
ForecastEx
MG
Matt Gaetz
0.1%
↓ -0.5%
0.0%
$1.0K
Kalshi 0.1%
0–0.1¢ Vol $0
Polymarket 0.1%
0.1¢ Vol $1.0K
Gemini
ForecastEx

Arbitrage Scanner

Current cross-venue opportunities with fee calculations

Minimum Spread 1.5%

Pairs (Venue-to-Venue)

Outcome Venue Pair Leg A (Buy) Leg B (Sell) Gross Spread After Fees Actionable Trade Now
JDV
J.D. Vance
Gemini Polymarket
Buy @ G
45¢
Sell @ P
51.2¢
+6.20%
+6.02%
Yes
MR
Marco Rubio
Polymarket Gemini
Buy @ P
16.6¢
Sell @ G
20¢
+3.40%
+3.32%
Yes
RD
Ron DeSantis
Polymarket Kalshi
Buy @ P
2.4¢
Sell @ K
4.4¢
+2.00%
+1.93%
Yes
DTJ
Donald Trump Jr.
Polymarket Kalshi
Buy @ P
1.6¢
Sell @ K
3.3¢
+1.70%
+1.63%
Yes
NH
Nikki Haley
Polymarket Gemini
Buy @ P
0.2¢
Sell @ G
+0.80%
+0.80%
No
GA
Greg Abbott
Polymarket Gemini
Buy @ P
0.2¢
Sell @ G
+0.80%
+0.80%
No
BD
Byron Donalds
Polymarket Gemini
Buy @ P
0.3¢
Sell @ G
+0.70%
+0.70%
No
BK
Brian Kemp
Polymarket Gemini
Buy @ P
0.4¢
Sell @ G
+0.60%
+0.60%
No
MTG
Marjorie Taylor Greene
Polymarket Gemini
Buy @ P
0.4¢
Sell @ G
+0.60%
+0.60%
No
TC
Tucker Carlson
Kalshi Polymarket
Buy @ K
2.9¢
Sell @ P
3.5¢
+0.60%
+0.53%
No
GY
Glenn Youngkin
Polymarket Gemini
Buy @ P
0.5¢
Sell @ G
+0.50%
+0.50%
No
JH
Josh Hawley
Polymarket Kalshi
Buy @ P
0.4¢
Sell @ K
0.8¢
+0.40%
+0.33%
No
SHS
Sarah Huckabee Sanders
Polymarket Kalshi
Buy @ P
0.1¢
Sell @ K
0.5¢
+0.40%
+0.33%
No
VR
Vivek Ramaswamy
Polymarket Kalshi
Buy @ P
0.3¢
Sell @ K
0.5¢
+0.20%
+0.13%
No
KB
Katie Britt
Polymarket Kalshi
Buy @ P
0.2¢
Sell @ K
0.4¢
+0.20%
+0.13%
No
MP
Mike Pence
Polymarket Kalshi
Buy @ P
0.2¢
Sell @ K
0.4¢
+0.20%
+0.13%
No
DJT
Donald J. Trump
Polymarket Kalshi
Buy @ P
Sell @ K
2.2¢
+0.20%
+0.13%
No
TC
Ted Cruz
Polymarket Kalshi
Buy @ P
1.8¢
Sell @ K
1.8¢
+0.00%
-0.07%
No
KN
Kristi Noem
Kalshi Polymarket
Buy @ K
0.1¢
Sell @ P
0.1¢
+0.00%
-0.07%
No
JT
John Thune
Polymarket Kalshi
Buy @ P
0.1¢
Sell @ K
0.1¢
+0.00%
-0.07%
No
EM
Elon Musk
Polymarket Kalshi
Buy @ P
0.1¢
Sell @ K
0.1¢
+0.00%
-0.07%
No
EK
Erika Kirk
Polymarket Kalshi
Buy @ P
0.1¢
Sell @ K
-0.10%
-0.10%
No
MG
Matt Gaetz
Polymarket Kalshi
Buy @ P
0.1¢
Sell @ K
-0.10%
-0.10%
No
RFK
Robert F. Kennedy Jr.
Kalshi Polymarket
Buy @ K
0.4¢
Sell @ P
0.3¢
-0.10%
-0.17%
No
TG
Tulsi Gabbard
Kalshi Polymarket
Buy @ K
0.4¢
Sell @ P
0.3¢
-0.10%
-0.17%
No
SB
Steve Bannon
Polymarket Kalshi
Buy @ P
0.3¢
Sell @ K
0.2¢
-0.10%
-0.17%
No
ES
Elise Stefanik
Kalshi Polymarket
Buy @ K
0.2¢
Sell @ P
0.1¢
-0.10%
-0.17%
No
TM
Thomas Massie
Kalshi Gemini
Buy @ K
1.2¢
Sell @ G
-0.20%
-0.27%
No

Outcome Diff

Outcome A Outcome B Venue A Odds B Odds Diff Strategy Trade Now
JDV
J.D. Vance
BK
Brian Kemp
Polymarket
A
51.2%
B
0.4%
+50.90%
Buy spread
JDV
J.D. Vance
GY
Glenn Youngkin
Polymarket
A
51.2%
B
0.4%
+50.80%
Buy spread
JDV
J.D. Vance
IT
Ivanka Trump
Polymarket
A
51.2%
B
0.9%
+50.40%
Buy spread
JDV
J.D. Vance
DTJ
Donald Trump Jr.
Polymarket
A
51.2%
B
1.6%
+49.70%
Buy spread
JDV
J.D. Vance
TC
Ted Cruz
Polymarket
A
51.2%
B
1.8%
+49.50%
Buy spread
JDV
J.D. Vance
DJT
Donald J. Trump
Polymarket
A
51.2%
B
2.0%
+49.30%
Buy spread
JDV
J.D. Vance
RD
Ron DeSantis
Polymarket
A
51.2%
B
2.4%
+48.90%
Buy spread
JDV
J.D. Vance
TC
Tucker Carlson
Polymarket
A
51.2%
B
3.6%
+47.70%
Buy spread
JDV
J.D. Vance
JH
Josh Hawley
Kalshi
A
45.5%
B
0.9%
+44.65%
Buy spread
JDV
J.D. Vance
GY
Glenn Youngkin
Kalshi
A
45.5%
B
1.0%
+44.55%
Buy spread
JDV
J.D. Vance
TM
Thomas Massie
Kalshi
A
45.5%
B
1.1%
+44.40%
Buy spread
JDV
J.D. Vance
TC
Ted Cruz
Kalshi
A
45.5%
B
1.8%
+43.65%
Buy spread
JDV
J.D. Vance
DJT
Donald J. Trump
Kalshi
A
45.5%
B
2.3%
+43.25%
Buy spread
JDV
J.D. Vance
TC
Ted Cruz
Gemini
A
44.5%
B
1.5%
+43.00%
Buy spread
JDV
J.D. Vance
TM
Thomas Massie
Gemini
A
44.5%
B
1.5%
+43.00%
Buy spread
JDV
J.D. Vance
GY
Glenn Youngkin
Gemini
A
44.5%
B
1.5%
+43.00%
Buy spread
JDV
J.D. Vance
NH
Nikki Haley
Gemini
A
44.5%
B
1.5%
+43.00%
Buy spread
JDV
J.D. Vance
BK
Brian Kemp
Gemini
A
44.5%
B
1.5%
+43.00%
Buy spread
JDV
J.D. Vance
TC
Tucker Carlson
Kalshi
A
45.5%
B
2.8%
+42.70%
Buy spread
JDV
J.D. Vance
DTJ
Donald Trump Jr.
Kalshi
A
45.5%
B
3.4%
+42.15%
Buy spread
JDV
J.D. Vance
DJT
Donald J. Trump
Gemini
A
44.5%
B
2.5%
+42.00%
Buy spread
JDV
J.D. Vance
RD
Ron DeSantis
Kalshi
A
45.5%
B
4.5%
+41.05%
Buy spread
JDV
J.D. Vance
DJT
Donald J. Trump Jr.
Gemini
A
44.5%
B
3.5%
+41.00%
Buy spread
JDV
J.D. Vance
RD
Ron DeSantis
Gemini
A
44.5%
B
4.5%
+40.00%
Buy spread
JDV
J.D. Vance
MR
Marco Rubio
Polymarket
A
51.2%
B
16.4%
+34.85%
Buy spread
JDV
J.D. Vance
MR
Marco Rubio
Kalshi
A
45.5%
B
20.5%
+25.00%
Buy spread
JDV
J.D. Vance
MR
Marco Rubio
Gemini
A
44.5%
B
20.5%
+24.00%
Buy spread
MR
Marco Rubio
JH
Josh Hawley
Kalshi
A
20.5%
B
0.9%
+19.65%
Buy spread
MR
Marco Rubio
GY
Glenn Youngkin
Kalshi
A
20.5%
B
1.0%
+19.55%
Buy spread
MR
Marco Rubio
TM
Thomas Massie
Kalshi
A
20.5%
B
1.1%
+19.40%
Buy spread
Kalshi Trading Fee 1% (min $0.07, max $1.75) per side
Polymarket Trading Fee 0% (gas only)
Gemini Trading Fee 0.40% per side
Polymarket US Trading Fee 0% (gas only)

After-fee spreads apply the configured taker-fee model per side. Depth/slippage is not modeled in this scanner.

Methodology & Data Mapping

How we aggregate, normalize, and map cross-platform data

Aggregation Method

Default: Volume-Weighted Average Price (VWAP)

Weights each mapped market by its reported 24H USD volume at snapshot time. If volume is unavailable, we fall back to a simple average for that snapshot.

Use the VWAP/Simple toggle above the chart to switch aggregation views.

Data Sources & Cadence

Kalshi: Official API (best bid/ask + last + 24H volume/liquidity when available).

Polymarket: Market data via their API (token prices + best bid/ask + 24H volume/liquidity when available).

Gemini: Public Prediction Markets + ticker endpoints (best bid/ask + last + 24H USD volume when available).

ForecastEx: FEX API (price from latest_prices; 24H USD volume estimated from trades as sum(quantity * yes_price); no bid/ask).

Event data is updated hourly. Older history is downsampled.

Outcome Mapping

Each event links one or more markets per provider. We normalize labels, map provider outcomes into a shared outcome list, and merge mapped markets where appropriate.

Spread & Liquidity

Cross-venue spread: Max–min difference across available venue probabilities for the same outcome.

Liquidity: Relative per-venue indicators based on provider liquidity fields (no depth/slippage modeling).

Arbitrage: Computed from best bid/ask when available (otherwise mid); after-fee spread applies the configured fee model only.

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