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Crypto slippage comparison: BTC and ETH perpetuals

On November 8, 2026 at 12:55 UTC, MEXC had the lowest BTC perp slippage for a $1,000,000 market buy: 0.007 bps. The median of 28 order-book venues was 1.17 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%.

37 venues measuredStored sweep every 6 hoursas of November 8, 2026, 12:55 UTCSource: Cost methodology

BTC perpetual slippage by venue

In the sweep of November 8, 2026, the median BTC slippage for a $10,000 market buy was 0.066 bps across 33 order-book venues. At $1,000,000, the median rose to 1.17 bps, and 7 venues could not fill the order. MEXC had the lowest $1,000,000 value at 0.007 bps, with $353.3M of book depth read. On 16 of 33 order-book venues, a $100,000 buy had zero price impact, so the half-spread was its whole slippage.

BTC perpetual slippage by venue: half-spread plus price impact of a market buy in basis points, fee excluded, sorted by the $100,000 value, measured at 12:55 UTC.
VenueType$10,000 (bps)$100,000 (bps)$1,000,000 (bps)Depth readDepth check
BinanceCEX0.0070.0070.506$44.0Mhigh
BitgetCEX0.0070.0070.972$7.6Mhigh
BitunixCEX0.0070.0070.039$40.8Mhigh
BybitCEX0.0070.0070.604$45.9Mhigh
MEXCCEX0.0070.0070.007$353.3Mhigh
OKXCEX0.0070.0070.220$80.4Mhigh
ToobitCEX0.0070.0070.007$198.4Mhigh
Gate.ioCEX0.0070.0121.14$13.2Mhigh
HTXCEX0.0070.0182.17$13.4Mhigh
BloFinCEX0.0130.0200.431$2.2Mhigh
DeribitCEX0.0330.0501.82$33.5Mhigh
HyperliquidDEX0.0660.0660.546$43.7Mhigh
NADODEX0.0660.0661.20$7.9Mhigh
edgeXDEX0.0660.0660.261$36.4Mhigh
LighterDEX0.2240.2240.899$9.1Mhigh
RISExDEX0.3490.3493.77$4.4Mhigh
Apex OmniDEX0.3620.3621.87$12.9Mhigh
PhemexCEX0.0070.3771.08$17.8Mhigh
AsterDEX0.0070.4171.54$42.9Mhigh
KrakenCEX0.1980.4531.42$52.1Mhigh
ExtendedDEX0.0660.5261.64$9.7Mhigh
GRVTDEX0.6260.6261.15$4.9Mhigh
KuCoinCEX0.0070.6401.86$30.6Mhigh
Crypto.comCEX0.0070.9594.45$4.2Mhigh
PacificaDEX0.4481.04No fill$196Khigh
SunXDEX0.9881.162.76$6.3Mhigh
ParadexDEX1.171.17No fill$474Khigh
OndoDEX0.6091.433.94$2.9Mhigh
WhiteBITCEX1.802.607.03$2.8Mhigh
HibachiDEX0.0793.70No fill$961Khigh
AevoDEX2.355.28No fill$973Khigh
BluefinDEX2.056.65No fill$148Khigh
dYdXDEX3.567.9113.14$39.0Mhigh
Oracle-priced venues: no order book, so the value comes from the venue price-impact model
GMXDEX000—high
GainsDEX0.5080.5831.33—high
AvantisDEX1.001.001.74—high
OstiumDEX1.18No fillNo fill—high
  • Aevo ($1,000,000): The book could not fill the order within 2% of the best price.
  • 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 ($10,000, $100,000, $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 November 8, 2026, the median ETH slippage for a $10,000 market buy was 0.179 bps across 35 order-book venues. At $1,000,000, the median rose to 1.81 bps, and 7 venues could not fill the order. XT.COM had the lowest $1,000,000 value at 0.022 bps, with $20.2M of book depth read. On 12 of 35 order-book venues, a $100,000 buy had zero price impact, so the half-spread was its whole slippage.

ETH perpetual slippage by venue: half-spread plus price impact of a market buy in basis points, fee excluded, sorted by the $100,000 value, measured at 12:55 UTC.
VenueType$10,000 (bps)$100,000 (bps)$1,000,000 (bps)Depth readDepth check
BinanceCEX0.0220.0220.977$64.5Mhigh
BybitCEX0.0220.0221.17$54.3Mhigh
HTXCEX0.0220.0222.59$11.4Mhigh
MEXCCEX0.0220.0220.068$299.0Mhigh
OKXCEX0.0220.0220.390$72.9Mhigh
XT.COMCEX0.0220.0220.022$20.2Mhigh
ToobitCEX0.0220.0230.511$76.8Mhigh
Gate.ioCEX0.0220.0533.00$6.9Mhigh
BitunixCEX0.0220.0560.418$35.0Mhigh
BloFinCEX0.0670.0670.994$8.0Mhigh
NADODEX0.0220.0751.92$5.9Mhigh
AsterDEX0.0220.0790.563$37.9Mhigh
RISExDEX0.2010.20111.61$1.3Mhigh
BingXCEX0.1340.2090.851$379.2Mhigh
GRVTDEX0.1120.2231.70$5.3Mhigh
HyperliquidDEX0.2230.2231.06$71.9Mhigh
BitgetCEX0.0220.2821.52$16.1Mhigh
LighterDEX0.0540.3290.978$18.4Mhigh
PhemexCEX0.0450.3782.34$53.8Mhigh
Apex OmniDEX0.5360.53616.42$7.4Mhigh
PacificaDEX0.2230.667No fill$361Khigh
edgeXDEX0.7160.7160.798$44.6Mhigh
ExtendedDEX0.2241.013.07$6.6Mhigh
KuCoinCEX0.1791.084.72$34.6Mhigh
KrakenCEX0.8941.122.47$29.6Mhigh
ParadexDEX1.251.25No fill$525Khigh
DeribitCEX0.5591.364.63$13.6Mhigh
SunXDEX1.051.484.07$2.4Mhigh
OndoDEX1.152.434.46$2.3Mhigh
WhiteBITCEX2.033.377.87$6.4Mhigh
Crypto.comCEX0.9244.55No fill$934Khigh
BluefinDEX2.954.72No fill$110Khigh
dYdXDEX2.016.8716.68$56.6Mhigh
HibachiDEX1.0121.47No fill$443Khigh
AevoDEX4.0523.0839.82$1.3Mhigh
Oracle-priced venues: no order book, so the value comes from the venue price-impact model
GainsDEX0.5190.6952.45—high
AvantisDEX1.001.042.43—high
GMXDEX2.292.433.57—high
OstiumDEX1.50No fillNo fill—high
  • Bluefin ($1,000,000): The book could not fill the order within 2% of the best price.
  • Crypto.com ($1,000,000): The book could not fill the order within 2% of the best price.
  • GMTrade ($10,000, $100,000, $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.

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 November 8, 2026, 12:00 UTC, cost methodology version 9. The series for this version starts on October 8, 2026 and has 127 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 November 8, 2026 at 12:00 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)