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GMTrade vs Hotstuff

Same trade, two venues, full execution cost — fee, spread and slippage measured on live BTC order books, not copied from fee pages. Numbers refresh every minute.

GMTrade is cheaper right now for a $100K BTC futures trade — $181.56 less per trade (1.18 bps vs 19.33 bps).

GMTrade and Hotstuff is depth-limited at this size — the book can’t fill it within 2% of mid, so treat that side as indicative.

At $100K · futuresGMTradeHotstuff
Rank of all venues#48#49
All-in cost1.18 bps19.33 bps
On a $100K trade$11.79$193.34
Fee (after discounts)1.08 bps2.50 bps
Spread0.00 bps16.83 bps
Slippage0.10 bps0.00 bps

Who wins at your size?

Fees are flat; depth is not. The cheaper venue can flip as order size grows.

SizeGMTradeHotstuffCheaper
$10K$1.19$19.33GMTrade
$100K$11.79$193.34GMTrade
$1M$117.87$1.9KGMTrade
$10M$1.2K$19.3KGMTrade

Trade on GMTrade — cheaper right now

Our link cuts the fee 10%, applied automatically.

Trade on GMTrade−10% fees + GT Points

Trade on Hotstuff

Direct link — the ranking above is pure measurement.

Trade on HotstuffEarn Hotstuff Points
Full GMTrade cost profileFull Hotstuff cost profileCompare all exchanges