LAG — What It Costs to Be Second

Field notes

LAG analyzes the first hours of a pool rather than later, quieter trading and looks for unusually large, volume-backed moves before comparing leader and delayed entries. Its signal rule requires a move above the token’s own 90th percentile and at least 1.5%, while the result uses the median gap across qualifying moments. The page explicitly excludes real slippage, fees, and failed transactions, making this a model of copying rather than a record of realized trades.