Crypto slippage comparison: BTC and ETH perpetuals
On October 16, 2026 at 06:55 UTC, Toobit had the lowest BTC perp slippage for a $1,000,000 market buy: 0.033 bps. The median of 29 order-book venues was 1.07 bps. Slippage here is half the spread plus the price impact against the mid price. Taker fees are not included.
The half-spread plus the price impact of one market buy on each venue, at three order sizes. Fees are not included. One basis point (bps) is 0.01%.
BTC perpetual slippage by venue
In the sweep of October 16, 2026, the median BTC slippage for a $10,000 market buy was 0.061 bps across 33 order-book venues. At $1,000,000, the median rose to 1.07 bps, and 5 venues could not fill the order. Toobit had the lowest $1,000,000 value at 0.033 bps, with $170.1M of book depth read. On 17 of 33 order-book venues, a $100,000 buy had zero price impact, so the half-spread was its whole slippage.
| Venue | Type | $10,000 (bps) | $100,000 (bps) | $1,000,000 (bps) | Depth read | Depth check |
|---|---|---|---|---|---|---|
| Binance | CEX | 0.006 | 0.006 | 0.698 | $40.7M | high |
| Bitget | CEX | 0.006 | 0.006 | 0.982 | $17.3M | high |
| Bitunix | CEX | 0.006 | 0.006 | 0.051 | $42.9M | high |
| Bybit | CEX | 0.006 | 0.006 | 0.435 | $55.4M | high |
| GRVT | DEX | 0.006 | 0.006 | 0.965 | $4.1M | high |
| Gate.io | CEX | 0.006 | 0.006 | 1.07 | $9.0M | high |
| MEXC | CEX | 0.006 | 0.006 | 0.058 | $274.1M | high |
| OKX | CEX | 0.006 | 0.006 | 0.274 | $95.8M | high |
| Toobit | CEX | 0.006 | 0.006 | 0.033 | $170.1M | high |
| BloFin | CEX | 0.012 | 0.012 | 0.319 | $4.4M | high |
| edgeX | DEX | 0.018 | 0.021 | 0.237 | $54.8M | high |
| KuCoin | CEX | 0.043 | 0.043 | 1.60 | $40.5M | high |
| Hyperliquid | DEX | 0.061 | 0.061 | 0.287 | $44.5M | high |
| Extended | DEX | 0.061 | 0.061 | 0.428 | $11.2M | high |
| NADO | DEX | 0.061 | 0.081 | 1.49 | $9.8M | high |
| Deribit | CEX | 0.213 | 0.213 | 1.29 | $33.6M | high |
| Apex Omni | DEX | 0.225 | 0.225 | 2.74 | $15.7M | high |
| HTX | CEX | 0.006 | 0.303 | 2.29 | $19.6M | high |
| Phemex | CEX | 0.006 | 0.318 | 1.48 | $18.3M | high |
| Aster | DEX | 0.106 | 0.368 | 0.601 | $58.0M | high |
| Pacifica | DEX | 0.061 | 0.386 | No fill | $247K | high |
| Lighter | DEX | 0.438 | 0.512 | 0.776 | $13.9M | high |
| Hibachi | DEX | 0.535 | 0.716 | No fill | $971K | high |
| RISEx | DEX | 0.907 | 0.907 | 9.23 | $4.6M | high |
| Paradex | DEX | 0.603 | 0.962 | No fill | $659K | high |
| Kraken | CEX | 0.061 | 0.985 | 2.17 | $55.5M | high |
| Crypto.com | CEX | 0.142 | 1.27 | 4.49 | $4.4M | high |
| SunX | DEX | 0.438 | 1.99 | 3.96 | $6.9M | high |
| WhiteBIT | CEX | 1.61 | 2.65 | 8.38 | $5.1M | high |
| Ondo | DEX | 0.717 | 2.81 | 14.57 | $2.1M | high |
| dYdX | DEX | 1.58 | 3.92 | 8.07 | $116.6M | high |
| StandX | DEX | 1.52 | 4.52 | 11.83 | $3.7M | high |
| Bluefin | DEX | 2.33 | 7.04 | No fill | $149K | high |
| Oracle-priced venues: no order book, so the value comes from the venue price-impact model | ||||||
| GMTrade | DEX | 0.073 | 0.315 | 1.40 | — | high |
| Gains | DEX | 0.508 | 0.576 | 1.26 | — | high |
| Avantis | DEX | 1.00 | 1.00 | 1.58 | — | high |
| GMX | DEX | 1.78 | 1.85 | 2.50 | — | high |
| Ostium | DEX | 1.23 | No fill | No fill | — | high |
- BingX ($10,000, $100,000, $1,000,000): The depth reading did not pass the plausibility check.
- Bluefin ($1,000,000): The book could not fill the order within 2% of the best price.
- Hibachi ($1,000,000): The book could not fill the order within 2% of the best price.
- Jupiter ($10,000, $100,000, $1,000,000): The quote is documented or estimated, not measured.
- MYX ($10,000, $100,000, $1,000,000): The quote is documented or estimated, not measured.
- Ostium ($100,000, $1,000,000): The book could not fill the order within 2% of the best price.
- Pacifica ($1,000,000): The book could not fill the order within 2% of the best price.
- Paradex ($1,000,000): The book could not fill the order within 2% of the best price.
- XT.COM ($10,000, $100,000, $1,000,000): The depth reading did not pass the plausibility check.
ETH perpetual slippage by venue
In the sweep of October 16, 2026, the median ETH slippage for a $10,000 market buy was 0.204 bps across 34 order-book venues. At $1,000,000, the median rose to 2.75 bps, and 6 venues could not fill the order. Toobit had the lowest $1,000,000 value at 0.020 bps, with $57.2M of book depth read. On 11 of 34 order-book venues, a $100,000 buy had zero price impact, so the half-spread was its whole slippage.
| Venue | Type | $10,000 (bps) | $100,000 (bps) | $1,000,000 (bps) | Depth read | Depth check |
|---|---|---|---|---|---|---|
| Binance | CEX | 0.020 | 0.020 | 1.08 | $57.1M | high |
| MEXC | CEX | 0.020 | 0.020 | 0.064 | $301.1M | high |
| Toobit | CEX | 0.020 | 0.020 | 0.020 | $57.2M | high |
| XT.COM | CEX | 0.020 | 0.020 | 0.020 | $20.5M | high |
| Bitunix | CEX | 0.020 | 0.034 | 0.364 | $34.0M | high |
| Bitget | CEX | 0.020 | 0.139 | 1.50 | $18.6M | high |
| BloFin | CEX | 0.020 | 0.163 | 0.349 | $21.3M | high |
| HTX | CEX | 0.020 | 0.198 | 2.14 | $18.0M | high |
| Hyperliquid | DEX | 0.204 | 0.204 | 0.267 | $53.3M | high |
| Extended | DEX | 0.204 | 0.204 | 3.05 | $7.1M | high |
| Aster | DEX | 0.082 | 0.306 | 0.807 | $53.1M | high |
| NADO | DEX | 0.204 | 0.315 | 2.06 | $10.4M | high |
| Lighter | DEX | 0.592 | 0.535 | 1.52 | $18.9M | high |
| edgeX | DEX | 0.654 | 0.674 | 0.845 | $58.9M | high |
| Pacifica | DEX | 0.240 | 0.864 | No fill | $260K | high |
| OKX | CEX | 0.020 | 0.923 | 1.95 | $80.2M | high |
| Phemex | CEX | 0.020 | 1.03 | 4.97 | $47.7M | high |
| Paradex | DEX | 0.878 | 1.04 | No fill | $384K | high |
| Bybit | CEX | 0.020 | 1.06 | 2.45 | $67.4M | high |
| Gate.io | CEX | 0.020 | 1.12 | 4.91 | $7.0M | high |
| Apex Omni | DEX | 0.327 | 1.17 | 13.72 | $7.5M | high |
| GRVT | DEX | 0.020 | 1.43 | 14.72 | $1.4M | high |
| RISEx | DEX | 0.204 | 1.81 | 28.78 | $1.1M | high |
| SunX | DEX | 0.796 | 1.86 | 3.82 | $5.3M | high |
| Kraken | CEX | 1.02 | 1.94 | 3.72 | $21.5M | high |
| KuCoin | CEX | 0.102 | 2.28 | 3.81 | $34.1M | high |
| Deribit | CEX | 0.102 | 2.32 | 6.82 | $11.8M | high |
| Crypto.com | CEX | 2.00 | 3.85 | 16.23 | $1.6M | high |
| Ondo | DEX | 2.26 | 4.46 | 20.29 | $1.2M | high |
| WhiteBIT | CEX | 2.49 | 5.32 | 17.87 | $7.8M | high |
| Bluefin | DEX | 6.53 | 10.06 | No fill | $110K | high |
| StandX | DEX | 4.29 | 11.87 | 18.53 | $5.4M | high |
| Hibachi | DEX | 0.926 | 12.80 | No fill | $481K | high |
| Aevo | DEX | 22.04 | 27.46 | 47.47 | $1.3M | high |
| Oracle-priced venues: no order book, so the value comes from the venue price-impact model | ||||||
| GMX | DEX | 0 | 0 | 0 | — | high |
| GMTrade | DEX | 0.177 | 0.483 | No fill | — | high |
| Gains | DEX | 0.518 | 0.678 | 2.28 | — | high |
| Avantis | DEX | 1.00 | 1.31 | 2.02 | — | high |
| Ostium | DEX | 1.60 | No fill | No fill | — | high |
- BingX ($10,000, $100,000, $1,000,000): The depth reading did not pass the plausibility check.
- Bluefin ($1,000,000): The book could not fill the order within 2% of the best price.
- GMTrade ($1,000,000): The book could not fill the order within 2% of the best price.
- Hibachi ($1,000,000): The book could not fill the order within 2% of the best price.
- Jupiter ($10,000, $100,000, $1,000,000): The quote is documented or estimated, not measured.
- MYX ($10,000, $100,000, $1,000,000): The quote is documented or estimated, not measured.
- Ostium ($100,000, $1,000,000): The book could not fill the order within 2% of the best price.
- Pacifica ($1,000,000): The book could not fill the order within 2% of the best price.
- Paradex ($1,000,000): The book could not fill the order within 2% of the best price.
- dYdX ($10,000, $100,000, $1,000,000): The depth reading did not pass the plausibility check.
Slippage, spread and fees
The spread is the gap between the best bid and the best ask. A market buy pays half of it, because it fills at the ask and not at the mid price. This page starts the half-spread at the first price level with $5,000 of depth, so a very small order at the top of the book does not set it.
Price impact is the extra cost when an order uses more than one price level. A small order often has zero impact. A large order moves through the book, and each level fills at a worse price.
Slippage on this page is the half-spread plus the price impact, both against the mid price. It does not include the price move between the time you send an order and the time it fills.
The fee is a separate charge that the venue publishes before the trade. A venue with low slippage can still cost more in total if its taker fee is high. The measured cost ranking adds the fee and ranks the total.
Depth, checks and data
The depth column shows the book depth that the engine read for the largest size at which the venue filled. “High” means that the reading passed the plausibility check. “No fill” means that the book could not fill the order within 2% of the best price.
This page shows the stored sweep that started at October 16, 2026, 06:00 UTC, cost methodology version 9. The series for this version starts on September 23, 2026 and has 92 sweeps.
Read the cost methodology for the venue models. Download the BTC series as CSV, or measure your own size with the live cost comparison. The slippage calculator reads this sweep for any order size from $1,000 to $1,000,000 and for each asset in the sweep.
Terms used on this page
- Slippage (price impact)
- Slippage (price impact) is the extra cost of an order that fills through more than one price level, measured beyond the best quote. A larger order has more price impact.
- Bid-ask spread
- The spread is the gap between the best bid and the best ask, in basis points (bps) of the mid price. A market order pays half of the spread.
- Total trading cost (all-in cost)
- Total trading cost (all-in cost) is the selected-side cost of one order at a given size: the fee plus half of the spread plus the price impact, in bps and USD.
Cite this data
Use the page address and the date of the data. Attribute the data as "Data: PerpFinder" with a link to the page.
PerpFinder. "Crypto slippage comparison: BTC and ETH perpetuals." Stored sweep of October 16, 2026 at 06:00 UTC, cost methodology v9. https://perpfinder.com/crypto-slippage-comparison BTC 7-day cost series (CSV): https://perpfinder.com/api/data/cost-history?market=perp&asset=BTC&size=10000&days=7&format=csv ETH 7-day cost series (CSV): https://perpfinder.com/api/data/cost-history?market=perp&asset=ETH&size=10000&days=7&format=csv
Download: BTC 7-day cost series (CSV) · ETH 7-day cost series (CSV)