A $1.0M market order in $LINK gave up an estimated 25.1 bps between the quoted price and its average fill at 14:00 UTC on Oct 29. That was the steepest cost across the eight order books we track, with $ADA next at 21.4 bps.
At the deep end, the same modeled order cost 0.8 bps in $BTC and 0.9 bps in Ether. Solana came to 2.8 bps and XRP to 5.6 bps.
Dogecoin at 8 bps and BNB at 7.5 bps filled out the middle. A basis point is a hundredth of a percent, so these figures show how far one large order has to reach into each book before it is fully filled.
At the deep end, the same modeled order cost 0.8 bps in $BTC and 0.9 bps in Ether. Solana came to 2.8 bps and XRP to 5.6 bps.
Dogecoin at 8 bps and BNB at 7.5 bps filled out the middle. A basis point is a hundredth of a percent, so these figures show how far one large order has to reach into each book before it is fully filled.
