Reading Three Lanes
Field guide to each lane on Pulse — what the rows mean, what to look for, what to skip.
Pulse has three lanes. Each one is the same widget shape — filter pill on top, scrolling rows below — but the rows tell you different things at each life-cycle stage.
Lane 1 — New Prediction
The leftmost lane shows markets that just opened. Rows here have:
Age measured in seconds —
just now,5s,30s.Volume usually $0 or a few cents from the first orders.
Implied probability often defaulted to 50% / 50% until orders arrive.
Wide spreads, especially on long-window markets where there is no time pressure.
What to look for
A recurring market (e.g. "Bitcoin Up or Down — 5 minute window") spawning a fresh instance you want to be early in.
New markets in a category where you have a view but no existing market existed yet.
What to skip
New markets in unfamiliar categories with $0 volume — you have no price discovery to lean on.
Lane 2 — Active Prediction
The middle lane is where most volume actually trades. Rows here have:
Age anywhere from a few minutes to days.
Volume rising — the column that matters most here.
Implied probability moving as flow comes in.
Tighter spreads — competitive market-makers and real demand.
What to look for
Sudden volume surges on a single market — a news event is being priced.
Big skews in participant split (e.g. 80% / 20%) on markets where you disagree with consensus.
Markets you are already watching from Research — Pulse Active confirms that flow is real.
What to skip
Long-window markets that have been Active for days with no fresh volume — they are inert background noise on a lane that should be moving.
Lane 3 — Closing Soon
The rightmost lane shows markets approaching settlement. Rows here have:
Time-to-close measured in minutes —
5M,2M,1M.Implied probability either converging fast (sharp consensus emerging) or stuck (uncertain to the end).
Spreads behaving in either direction — tightening as the trade becomes obvious, or widening as makers pull liquidity.
What to look for
A late edge — your view differs from a market where probability hasn't fully converged.
A hedge on an existing position closing in the same window.
What to skip
Markets in their last seconds with $0 of recent volume — you'll likely be the only counterparty and the fill quality will be poor. See Execution Risks.
Cross-lane patterns
A market that moves from New to Active fast is being recognised by the market-makers. Likely worth following.
A market that sits in New with $0 volume for hours is uninteresting and will be ignored on resolution.
A market that reaches Closing Soon with a wide split is either genuinely uncertain or under-traded — check the order book first.
Acting on a Closing-Soon row is fastest from Pulse, but it's also where late-entry risk is highest. Look at Execution Risks before sizing in.
FAQs
How long does a row stay in each lane?
New holds markets for roughly their first few minutes. Active is the long middle. Closing Soon picks up markets a few minutes before settlement.
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