Best crypto exchange for large orders

At size, the fee stops mattering and depth takes over. A venue that wins on a $10,000 trade can be mid-pack — or unable to fill at all — on a $10,000,000 one, because your order walks deep into its order book. FeeFloor simulates a $10M BTC order against live depth on every venue; rows the book cannot fill within 2% of mid are marked depth-limited and excluded from the ranking rather than given a flattering estimate.

As of 3 August 2026, the cheapest crypto exchange for a $10M BTC futures trade is MEXC at $4.1K all-in.· measured 04:38 UTC

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30d volume · VIP tiersStandard tier

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Cheapest measured venue for this buy: MEXC at $4.1K on a $10M BTC futures order.

Pricing mode: FeeFloor signup discounts includedDiscounts apply to the fee only — spread and slippage are paid to the market. Our research reports rank on standard published fees.

49 venues ranked for a $10M BTC futures buy order (taker), with referral discounts applied. Cheapest is MEXC at $4.1K.
Rank	Exchange	Type					Action
1	MEXC −10% · saves $200.00 Fee 1.80Spread 0.01Slip 2.29	CEX	2.001.80$1.8K	0.01$7.90	2.29$2.3K	$4.1K4.10 bpssaves $200.00	Trade
2	BingX −20% · saves $1.0K Fee 4.00Spread 0.12Slip 1.24	CEX	5.004.00$4.0K	0.12$119.20	1.24$1.2K	$5.4K5.36 bpssaves $1.0K	Trade
3	GMX −10% · saves $600.00 Fee 5.40Spread 0.00Slip 0.00	DEX	6.005.40$5.4K	0.00$0.00	0.00$0.00	$5.4K5.40 bpssaves $600.00	Trade
4	Bitunix −20% · saves $1.2K Fee 4.80Spread 0.01Slip 1.11	CEX	6.004.80$4.8K	0.01$8.00	1.11$1.1K	$5.9K5.91 bpssaves $1.2K	Trade
5	Bitmart −25% · saves $1.5K Fee 4.50Spread 0.01Slip 1.46	CEX	6.004.50$4.5K	0.01$7.90	1.46$1.5K	$6.0K5.97 bpssaves $1.5K	Trade
6	Toobit Fee 6.00Spread 0.01Slip 0.83	CEX	6.00$6.0K	0.01$7.90	0.83$828.80	$6.8K6.84 bps	Trade
7	OKXRecommended −20% · saves $1.0K Fee 4.00Spread 0.01Slip 3.14	CEX	5.004.00$4.0K	0.01$8.00	3.14$3.1K	$7.1K7.15 bpssaves $1.0K	Trade
8	BybitRecommended −20% · saves $1.1K Fee 4.40Spread 0.01Slip 3.24	CEX	5.504.40$4.4K	0.01$8.00	3.24$3.2K	$7.6K7.64 bpssaves $1.1K	Trade
9	HTX −25% · saves $1.5K Fee 4.50Spread 0.01Slip 3.17	CEX	6.004.50$4.5K	0.01$7.90	3.17$3.2K	$7.7K7.68 bpssaves $1.5K	Trade
10	Lighter referral code Fee 0.00Spread 0.23Slip 7.70	DEX	0.00$0.00	0.23$230.30	7.70$7.7K	$7.9K7.93 bps	Trade
11	Binance −10% · saves $500.00 Fee 4.50Spread 0.01Slip 3.86	CEX	5.004.50$4.5K	0.01$7.90	3.86$3.9K	$8.4K8.37 bpssaves $500.00	Trade
12	KrakenRecommended −20% · saves $1.0K Fee 4.00Spread 0.64Slip 6.00	CEX	5.004.00$4.0K	0.64$635.90	6.00$6.0K	$10.6K10.63 bpssaves $1.0K	Trade
13	Aster −10% · saves $350.00 Fee 3.15Spread 0.01Slip 8.10	DEX	3.503.15$3.1K	0.01$7.90	8.10$8.1K	$11.3K11.25 bpssaves $350.00	Trade
14	XT.COM Fee 6.00Spread 0.02Slip 6.70	CEX	6.00$6.0K	0.02$15.80	6.70$6.7K	$12.7K12.71 bps	Trade
15	Gains Fee 3.50Spread 0.00Slip 10.48	DEX	3.50$3.5K	0.00$0.00	10.48$10.5K	$14.0K13.98 bps	Trade
16	Extended Extended Points Fee 2.50Spread 0.16Slip 15.12	DEX	2.50$2.5K	0.16$159.10	15.12$15.1K	$17.8K17.78 bps	Trade
17	Coinbase referral code Fee 4.00Spread 0.01Slip 15.59	CEX	4.00$4.0K	0.01$8.00	15.59$15.6K	$19.6K19.60 bps	Trade
18	Deribit Fee 3.50Spread 0.04Slip 17.51	CEX	3.50$3.5K	0.04$39.70	17.51$17.5K	$21.1K21.05 bps	Trade
19	dYdX Trading Rewards Fee 5.00Spread 0.87Slip 37.29	DEX	5.00$5.0K	0.87$874.40	37.29$37.3K	$43.2K43.16 bps	Trade
20	Apex Omni −20% · saves $1.0K + Ape Points Fee 4.00Spread 0.37Slip 41.66	DEX	5.004.00$4.0K	0.37$373.30	41.66$41.7K	$46.0K46.03 bpssaves $1.0K	Trade
—	GMTradedepth-limited −10% · saves $120.00 + GT Points Fee 1.08Spread 0.00Slip 0.11	DEX	1.201.08$1.1K	0.00$0.00	0.11$113.70	$1.2K1.19 bpssaves $120.00	Trade
—	Avantisdepth-limited −15% · saves $675.00 Fee 3.82Spread 0.00Slip 0.00	DEX	4.503.82$3.8K	0.00$0.00	0.00$0.00	$3.8K3.82 bpssaves $675.00	Trade
—	Pacificadepth-limited Pacifica Points Fee 4.00Spread 0.08Slip 0.76	DEX	4.00$4.0K	0.08$79.40	0.76$763.80	$4.8K4.84 bps	Trade
—	MYXdepth-limited Fee 5.50Spread 0.00Slip 0.00	DEX	5.50$5.5K	0.00$0.00	0.00$0.00	$5.5K5.50 bps	Trade
—	Bitgetdepth-limited −20% · saves $1.2K Fee 4.80Spread 0.01Slip 1.12	CEX	6.004.80$4.8K	0.01$7.90	1.12$1.1K	$5.9K5.93 bpssaves $1.2K	Trade
—	Ostiumdepth-limited Ostium Points Fee 6.00Spread 0.00Slip 0.08	DEX	6.00$6.0K	0.00$0.00	0.08$82.90	$6.1K6.08 bps	Trade
—	Hyperliquiddepth-limited −4% · saves $180.00 Fee 4.32Spread 0.08Slip 2.32	DEX	4.504.32$4.3K	0.08$79.40	2.32$2.3K	$6.7K6.72 bpssaves $180.00	Trade
—	BloFindepth-limited Fee 6.00Spread 0.02Slip 2.10	CEX	6.00$6.0K	0.02$15.90	2.10$2.1K	$8.1K8.12 bps	Trade
—	Phemexdepth-limited −20% · saves $1.2K Fee 4.80Spread 0.01Slip 3.43	CEX	6.004.80$4.8K	0.01$8.00	3.43$3.4K	$8.2K8.24 bpssaves $1.2K	Trade
—	KuCoindepth-limited −20% · saves $1.2K Fee 4.80Spread 0.01Slip 4.90	CEX	6.004.80$4.8K	0.01$8.00	4.90$4.9K	$9.7K9.71 bpssaves $1.2K	Trade
—	Hotstuffdepth-limited Hotstuff Points Fee 2.50Spread 7.46Slip 0.00	DEX	2.50$2.5K	7.46$7.5K	0.00$0.00	$10.0K9.96 bps	Trade
—	Gate.iodepth-limited −20% · saves $1.0K Fee 4.00Spread 0.01Slip 6.06	CEX	5.004.00$4.0K	0.01$8.00	6.06$6.1K	$10.1K10.07 bpssaves $1.0K	Trade
—	GRVTdepth-limited GRVT Rewards Fee 4.50Spread 0.01Slip 8.63	DEX	4.50$4.5K	0.01$7.90	8.63$8.6K	$13.1K13.14 bps	Trade
—	WhiteBITdepth-limited −20% · saves $1.1K Fee 4.40Spread 1.25Slip 8.61	CEX	5.504.40$4.4K	1.25$1.2K	8.61$8.6K	$14.3K14.26 bpssaves $1.1K	Trade
—	SunXdepth-limited Fee 6.00Spread 1.85Slip 6.82	DEX	6.00$6.0K	1.85$1.9K	6.82$6.8K	$14.7K14.67 bps	Trade
—	Etherealdepth-limited Ethereal Points Fee 3.00Spread 0.08Slip 12.63	DEX	3.00$3.0K	0.08$79.50	12.63$12.6K	$15.7K15.71 bps	Trade
—	RISExdepth-limited Fee 3.00Spread 0.02Slip 13.82	DEX	3.00$3.0K	0.02$23.80	13.82$13.8K	$16.8K16.84 bps	Trade
—	StandXdepth-limited StandX Points Fee 4.00Spread 1.43Slip 13.60	DEX	4.00$4.0K	1.43$1.4K	13.60$13.6K	$19.0K19.03 bps	Trade
—	edgeXdepth-limited −10% · saves $380.00 Fee 3.42Spread 0.15Slip 16.82	DEX	3.803.42$3.4K	0.15$150.90	16.82$16.8K	$20.4K20.39 bpssaves $380.00	Trade
—	Aevodepth-limited Fee 8.00Spread 1.85Slip 10.83	DEX	8.00$8.0K	1.85$1.9K	10.83$10.8K	$20.7K20.68 bps	Trade
—	NADOdepth-limited Nado Points Fee 3.50Spread 0.08Slip 23.17	DEX	3.50$3.5K	0.08$79.50	23.17$23.2K	$26.7K26.75 bps	Trade
—	Crypto.comdepth-limited −10% fees Fee 6.00Spread 0.30Slip 21.08	CEX	6.00$6.0K	0.30$302.00	21.08$21.1K	$27.4K27.39 bps	Trade
—	Ondodepth-limited Fee 3.50Spread 4.14Slip 21.17	DEX	3.50$3.5K	4.14$4.1K	21.17$21.2K	$28.8K28.81 bps	Trade
—	Bluefindepth-limited Fee 3.50Spread 2.98Slip 34.87	DEX	3.50$3.5K	2.98$3.0K	34.87$34.9K	$41.3K41.34 bps	Trade
—	Jupiterdepth-limited referral code Fee 6.00Spread 0.00Slip 40.00	DEX	6.00$6.0K	0.00$0.00	40.00$40.0K	$46.0K46.00 bps	Trade
—	Paradexdepth-limited Paradex XP Fee 0.00Spread 5.57Slip 44.48	DEX	0.00$0.00	5.57$5.6K	44.48$44.5K	$50.0K50.05 bps	Trade
—	Hibachidepth-limited Hibachi Points Fee 4.50Spread 0.01Slip 50.21	DEX	4.50$4.5K	0.01$8.00	50.21$50.2K	$54.7K54.71 bps	Trade
—	Orderlydepth-limited Fee 3.00Spread 25.57Slip 47.91	DEX	3.00$3.0K	25.57$25.6K	47.91$47.9K	$76.5K76.48 bps	Trade
—	Reyadepth-limited Reya Points Fee 4.00Spread 0.00Slip 209.48	DEX	4.00$4.0K	0.00$0.00	209.48$209.5K	$213.5K213.48 bps	Trade

Fee

Trading fee charged by the venue, after your referral discount.

Spread

Half the difference between best bid and ask at measurement time.

Slippage

Price impact of walking the live order book at your trade size.

Total cost

Fee + spread + slippage — the true execution cost, in basis points. 1 bps = 0.01%.

BTC futures cost by venue

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Common questions

What does "depth-limited" mean on this page?

It means a venue's visible order book doesn't hold enough liquidity within our depth cutoff to fill the requested size without moving price further than we're willing to extrapolate. Rather than estimate past that point, we flag the row as depth-limited and exclude it from the ranking.

What is the 2%-of-mid depth cutoff, and why does it exist?

We only simulate a fill using order-book levels within 2% of the mid price. Beyond that, books usually thin out and conditions can shift fast enough that extending the walk further would produce a number that looks precise but isn't trustworthy — so we stop and mark the row instead of guessing.

Why does the cheapest venue for a small order stop being the cheapest at $10M?

Fees are a flat percentage regardless of size, but order-book depth is not evenly distributed — some venues post plenty of liquidity near the mid and little beyond it, while others carry deeper books further out. A large order walks past the thin part of the book, so slippage, not fee, usually decides the ranking at this size.

How is slippage actually calculated for a $10M order?

We take the live order-book levels and simulate filling the full $10M against them level by level, then compute the volume-weighted average price of that simulated fill against the mid price. The difference, in basis points, is the slippage figure — it reflects the book at the moment of measurement, not a historical average.

Should I expect to actually get this price on a real $10M order?

Treat it as an estimate of execution cost at the moment of measurement, not a guarantee. Books move between our sample and your order, some venues will requote or partially fill very large orders, and splitting an order across time or venues — which this page doesn't model — can change your real result.

The full measurement method — including what we deliberately do not measure — is on the methodology page.