diff --git a/prod/docs/SPEC_UNIFIED_EXEC_LAYER_20260714.md b/prod/docs/SPEC_UNIFIED_EXEC_LAYER_20260714.md index 988144c..01657e4 100644 --- a/prod/docs/SPEC_UNIFIED_EXEC_LAYER_20260714.md +++ b/prod/docs/SPEC_UNIFIED_EXEC_LAYER_20260714.md @@ -21,8 +21,11 @@ asset, a size, and a prayer"** (operator's words, now doctrine §2) — so that this factory ever produces (BLUE, UV/BLUE-PRIME flights, VIOLET, VIBRASS children, MALKHUT, things not yet named) executes through the *same* battle-tested body. The economics that justify its existence are measured, not hoped: taker round-trip ≈ 10 bps -(5.016 bps/side over 1,455 live fills) vs maker-both ≈ 4 bps *if* the assumed 1 bp maker -fee survives measurement (§17-Q1 — still the cheapest high-stakes experiment we have); +(5.016 bps/side over 1,455 live fills) vs maker-both ≈ 4 bps — **maker side now MEASURED at +2.00 bps** (VST GTX fill 2026-07-14, `BINGX_MAKER_FEE_MEASURED_20260714.md`; = BingX's +published 0.02% rate). The earlier "1 bp maker" assumption is **refuted** (real is 2×, a +cost not a rebate — the negative-commission sign is a debit); the ~6 bp/RT saving still +holds and the case stands (§17-Q1 — the cheapest high-stakes experiment we had); UV's own audit showed the identical brain losing −758 USDT on friction alone while BLUE netted +2.5%/day — **execution is where the parity gap is made of money.**