W22

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Order book & costs

BTCPerpConnecting…

—Mid price

Spread—

Mark—

Oracle—

Mark vs oracle—

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24h vol—

OI—

Two-sided liquidity

BidsFrom midAsksBid/Ask

Two-sided depth

Bids±10 bpAsks

—Both sides

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——Spread—

—$10K order—

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—$250K order—

—$500K order—

—$1M order—

Execution cost calculator

Position size

$BTC

Fee tier

You pay

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Spread

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Slippage

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Fee

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Rests at bid

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Quantity

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At market

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Order book depth

Bids Asks

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Market order cost by size

BuySellFee

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Fee tiers

Tier14D volumeMakerTakerYour feevs. Tier 1All-in