The TradFi win map
What a market order actually costs, pair by pair, across on-chain venues - slippage plus fees, in basis points. Other venues are measured independently by LiquidView. Carbon's cost is priced live from Carbon's own gateway for the exact order size: spread plus commission, zero slippage. Pick an order size and find your pair; the winner is whoever fills it cheapest.
Win map
Winner = lowest all-in cost (slippage + fees) at the selected order size. Click a row for the full venue breakdown. The three dots show the result at $10K · $100K · $500K.
How this is measured
Execution cost is the total slippage plus fees a market order pays to open, in basis points of notional, at $10K, $100K and $500K. For every venue other than Carbon it is a 7-day rolling average measured and published by LiquidView, an independent tracker of on-chain derivatives venues; those numbers can be checked there.
Carbon's number comes from Carbon's public gateway (order-simulation endpoint), quoted for the exact order size at every refresh: the open spread at that size plus the market's commission, in basis points of notional. Orders on Carbon fill with zero slippage, so spread plus commission is the whole cost. Larger sizes can price differently from small ones, which is why the size selector matters. Pairs Carbon does not list are shown dimmed and are not counted as wins.
Some commodities are listed on LiquidView under more than one symbol (Brent appears as BRN, BZ, BRENT and BRENTOIL, for example). Those listings are combined into one row per market: each venue keeps its best quote across the listings, and Carbon's quote comes from its own symbol.