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Report: iPad on a gamescope/NVIDIA 120 fps session capped at ~80 fps with repeat_fps 0, zero loss, capture 0 µs, ASIC 15 µs — and submit p50 at 10.2 ms, ~81 % of the loop period. Under gamescope the host composites the live pointer into EVERY frame, and a cursor-bearing frame forced the CPU-synced submit path: a blocking CUDA copy plus a fence-waited Vulkan blend, both exposed to the running game's GPU load. The "games hide the cursor" assumption the gate relied on does not hold under gamescope. The blend is now stream-ordered end to end. VkSlotBlend exports a timeline semaphore (VK_KHR_timeline_semaphore + external_semaphore_fd) into CUDA (cuImportExternalSemaphore, new dlopen entries): the enqueued copy signals it on the encode thread's copy stream, the blend submission waits for and advances it on the Vulkan queue, and a CUDA-side wait orders the encode after the blend on the session's bound IO stream — no CPU sync anywhere, so cursor frames keep the stream-ordered fast path. Each ring slot gets its own command buffer + descriptor set (written once) so several ordered blends can be in flight; cursor-bitmap uploads and teardown quiesce through the timeline. Drivers without the timeline export keep the previous CPU-synced blend, and any bring-up or per-frame failure still degrades to "no cursor", never a dropped frame. Also: the blocking multi-plane copies (the escalated/pipelined mode and the non-stream-ordered fallback) now enqueue every plane and pay ONE stream sync instead of one per plane (NV12 2→1, YUV444 3→1) — each exposed wait costs scheduling latency under GPU contention, which is what makes the escalation's blocking copies self-reinforcing. Verified on the RTX 5070 Ti box (driver 610.43.03): all 12 nvenc_cuda on-hardware smokes green, including the new nvenc_cuda_cursor_blend_stream_ordered (6 cursor AUs, all ordered, across a bitmap-serial flip); host suite 301/301; clippy --all-targets -D warnings clean; struct layouts of the hand-flattened cuda.h params asserted in tests. Co-Authored-By: Claude Fable 5 <noreply@anthropic.com>