Slippage & order book depth
Quoted price is not execution price. Depth and spread can turn a decent entry into a losing trade.
Compare fill quality, spread, and how size moves the book.
Venue Diagnostic
Execution quality is a strategy variable.
If your venue adds friction to entries and exits, your system degrades before the market ever proves you wrong.
Compare execution factors
Published fee schedule
Demo / Copy Trading
100% Proof-of-Reserves
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Leak explanation
Where trading costs hide
Fees + funding drag
Headline fee is only part of the story. Add funding drift and holding costs before you call a trade cheap.
Check taker fees first, then decide whether the hold profile still makes sense.
Liquidation / mark price mechanics
Mark price logic determines when you get liquidated. Not all venues calculate it the same way.
Check whether liquidation is tied to last price noise or broader index pricing.
Trust & de-risking
What you can verify before switching
Published fee schedule
Fee assumptions here match the public schedule used in the comparison math.
Proof-of-reserves
Reserve attestations matter because venue solvency risk compounds trading risk.
Demo and copy tooling
Paper trading and copy features let you test process changes before you put more capital at risk.
Next step
Review the alternative setup.
Open the venue, inspect the mechanics yourself, and decide whether the switch fixes the leak you just saw.
FAQ
Technical checks before your next trade
How does mark price differ from last price?
Last price reflects the latest trade on one venue. Mark price uses broader inputs to reduce liquidation noise from single-exchange spikes.
What is the dual-price mechanism risk?
If liquidation logic leans on a narrow signal, a sharp wick can close a position even when the broader market never traded there.
How does funding rate drift affect real cost?
Funding turns a directional hold into a recurring carry trade. That drag matters more when leverage or holding time expands.
Why do proofs-of-reserves matter?
Execution quality only matters if the venue is operational and solvent. Proof-of-reserves is not perfect, but it is a basic accountability signal.