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2 changes: 1 addition & 1 deletion benchmarks/perp-fees.yml
Original file line number Diff line number Diff line change
Expand Up @@ -65,7 +65,7 @@ per_chain_explainer:
- slug: ETH
h2: "Cheapest perp DEX for ETH"
body: |
The cheapest perp DEX for ETH on this benchmark sits at {{best_p50:chain:ETH}} all-in (p50, 24h) for a $1000 ETH long 10x. ETH-PERP is the deepest pair on every venue measured (Hyperliquid, Lighter, dYdX v4, GMX v2, gains.trade), which means the rack-rate taker fee dominates the all-in number rather than the spread. Lighter quotes 0 bps taker, Hyperliquid 4.5 bps, dYdX 5 bps tier-0, GMX 4 or 6 bps on the impact branch, gains.trade reads the openFeeP slot live from the on-chain Gains v8 fees contract. Spread plus impact at $1000 notional is added on top via an orderbook walk.
The cheapest perp DEX for ETH on this benchmark sits at {{best_p50:chain:ETH}} all-in (p50, 24h) for a $1000 ETH long 10x. ETH-PERP is the deepest pair on every venue measured (Hyperliquid, Lighter, Polymarket, dYdX v4, GMX v2, gains.trade), which means the rack-rate taker fee dominates the all-in number rather than the spread. Lighter quotes 0 bps taker, Hyperliquid 4.5 bps, dYdX 5 bps tier-0, GMX 4 or 6 bps on the impact branch, gains.trade reads the openFeeP slot live from the on-chain Gains v8 fees contract. Spread plus impact at $1000 notional is added on top via an orderbook walk.
- slug: BTC
h2: "Cheapest perp DEX for BTC"
body: |
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