Full benchmark: Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
TradingBTC

BTC perp cost slope: tightest books, flattest slopes

As of August 3, 2026, gains.trade leads BTC cost slope ($1M / $1k) at 1.000x (p50, 24h window), measured across 8 providers.

BTC carries the highest open interest on most venues and typically has the tightest spread at any given notional. Orderbook venues therefore show their flattest slopes on BTC: the $1M impact is minimised by depth. Oracle-priced venues (gains, gmx) remain at exactly 1.00 regardless.

BTC leaderboard

Live p50 over the last 24 hours, scoped to BTC only, ranked lowest first. Cross-region average; the regional breakdown below shows where leaders diverge.

  1. #1gains.trade1.000x
  2. #2GMX v21.000x
  3. #3edgeX1.099x
  4. #4Hyperliquid1.120x
  5. #5Aster1.263x
  6. #6Extended1.324x
  7. #7dYdX v42.60x
  8. #8Lighter5.22x

Methodology, charts and the full ledger live on the Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked page. Raw data: JSON endpoint.