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Spread Leaderboard

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See how Market Makers rank based on Spread KPIs such as the avg. top-of-book spread as well as their adherence to contractual obligations.

Top Performance Index
Top Avg. 2% Depth
Top ADV: Maker & Taker
Top Uptime

Market Makers Spread Rank

1
Logo of GSR
GSR
0.01%
100.00%
2
Logo of Gravity Team
Gravity Team
0.09%
100.00%
3
Logo of Ampersan
Ampersan
0.11%
99.17%
4
Logo of Tophash Digital
Tophash Digital
0.09%
92.04%
5
Logo of G-20 Group
G-20 Group
0.17%
93.33%
6
Logo of Flowdesk
Flowdesk
0.21%
98.61%
7
Logo of Selini Capital
Selini Capital
0.24%
93.54%
8
Logo of Keyrock
Keyrock
0.20%
88.75%
9
Logo of JPEG Trading
JPEG Trading
0.51%
99.07%
10
Logo of Amber Group
Amber Group
0.24%
62.71%
11
Logo of Auros Global
Auros Global
21.45%
59.42%
12
Logo of Cicada
Cicada
1.26%
--
13
Logo of CyantArb
CyantArb
--
--
14
Logo of Prycto
Prycto
0.74%
--
15
Logo of Presto Labs
Presto Labs
3.81%
--
16
Logo of Alber Blanc
Alber Blanc
--
--
17
Logo of Algoz
Algoz
--
--
18
Logo of AlphaTheta
AlphaTheta
--
--
19
Logo of Arrakis Finance
Arrakis Finance
--
--
20
Logo of Astrum Liquidity
Astrum Liquidity
--
--
21
Logo of Bitmaker
Bitmaker
--
--
22
Logo of Bluesky Capital
Bluesky Capital
--
--
23
Logo of Caladan
Caladan
--
--
24
Logo of CKS Systems
CKS Systems
--
--
25
Logo of CoinAlpha
CoinAlpha
--
--
26
Logo of Dark Forest
Dark Forest
--
--
27
Logo of DWF Labs
DWF Labs
--
--
28
Logo of EasyMM
EasyMM
--
--
29
Logo of Efficient Frontier
Efficient Frontier
--
--
30
Logo of Elk Crypto
Elk Crypto
--
--
31
Logo of Enflux
Enflux
--
--
32
Logo of Galaxy
Galaxy
--
--
33
Logo of Kaiko Labs
Kaiko Labs
--
--
34
Logo of Kairon Labs
Kairon Labs
--
--
35
Logo of Koda Finance
Koda Finance
--
--
36
Logo of Kronos Research
Kronos Research
--
--
37
Logo of LO:TECH
LO:TECH
--
--
38
Logo of Manifold Trading
Manifold Trading
--
--
39
Logo of Oracles
Oracles
--
--
40
Logo of Peanut.Trade
Peanut.Trade
--
--
41
Logo of Pulsar
Pulsar
--
--
42
Logo of Reform DAO
Reform DAO
--
--
43
Logo of XBTO
XBTO
--
--
Rows per page
1 – 43
of 43

Definitions

Metric
Definition
Bid-Ask Spread
The gap between the best buy and best sell price (as a % of the mid price), volume-weighted so busier venues count more. Lower means tighter, cheaper to trade and better execution for holders.
Uptime %
The share of time the market maker kept its spread within the agreed target during the period. High uptime means consistently tight pricing, not just occasionally.
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