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Fill transparency
Every crypto fill on Ferm is priced from a live Hyperliquid order book. We publish that book, the formula, and the result, so you never have to take our word for it.
Methodology
250 to 280 ms
The order waits a random moment, then reads the live book again, so nobody trades on a quote already known to be stale.
Average price
Buys take asks and sells take bids, best price first, until the size is filled. Book sizes are in coins.
10% to 20% off your slippageMarket orders get 10% of the walk back on BTC, ETH, SOL, XRP, BNB, DOGE, and 20% on everything else, so big orders fill better here than on the exchange.
2 bps
A fill is never closer than 2 bps to the mark in total (1 bp each side). In a very tight book, the floor sets the price.
Good to know
Last 30 days
Fill explorer