Hotstuff vs Orderly
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.
Hotstuff is cheaper right now for a $100K BTC futures trade — $125.37 less per trade (19.33 bps vs 31.87 bps).
Hotstuff is depth-limited at this size — the book can’t fill it within 2% of mid, so treat that side as indicative.
Who wins at your size?
Fees are flat; depth is not. The cheaper venue can flip as order size grows.
| Size | Hotstuff | Orderly | Cheaper |
|---|---|---|---|
| $10K | $19.33 | $25.90 | Hotstuff |
| $100K | $193.34 | $318.71 | Hotstuff |
| $1M | $1.9K | $7.2K | Hotstuff |
| $10M | $19.3K | $72.5K | Hotstuff |
Trade on Hotstuff — cheaper right now
Direct link — the ranking above is pure measurement.
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