Slippage & Cost Calculator
Trade Analysis
DeepBook Protocol
Traditional AMM (e.g. Uniswap)
Trade Impact Analysis
For $10,000 trade:
DeepBook saves you $592.00 in slippage compared to traditional AMMs while only costing $0.01 in fees.
Most crypto exchanges today feel like black boxes. You place an order, hope it fills, and pray the price doesn’t slip. That’s not trading - it’s guessing. DeepBook Protocol changes that. It’s not another AMM-based DEX like Uniswap. It’s the first fully on-chain central limit order book built for the Sui blockchain, and it delivers execution that rivals centralized platforms - without giving up custody.
What Makes DeepBook Different?
DeepBook doesn’t use liquidity pools. It doesn’t rely on automated pricing algorithms. Instead, it uses the same order book model you’d find on Binance or Coinbase, but everything happens on-chain. Every bid, every ask, every filled order is recorded directly on the Sui blockchain. That means no middlemen, no hidden fees, no re-quotes. You see the real market depth, and your orders execute at the price you set. This isn’t just a gimmick. It’s a technical breakthrough. Before DeepBook, order books on blockchains were slow, expensive, and unreliable. Ethereum-based attempts choked under congestion. Solana’s Serum had speed but struggled with reliability during spikes. DeepBook solved this by leveraging Sui’s parallel execution engine. While Ethereum DEXs process 15-45 transactions per second, DeepBook handles over 10,000 under normal conditions. Trades settle in under a second. Fees? Around $0.01 per trade. Compare that to $1.50-$5 on Ethereum during busy times.How DeepBook Works: Order Books on Steroids
DeepBook treats each order as a unique Sui object. That means multiple apps - Turbos, Navitrade, even future tools - can all tap into the same order book without duplicating liquidity. If you place a limit order to buy 100 USDC worth of SUI at $0.85, that order sits in the public book. Anyone else can match it. No need to deposit funds into a separate pool. This is called composable liquidity, and it’s a game-changer. The protocol supports limit orders, market orders, and stop orders - all fully on-chain. You can set time-in-force parameters like GTC (Good ‘Til Canceled), IOC (Immediate or Cancel), or FOK (Fill or Kill). These give you precise control. Want to buy only if the price hits exactly $0.2345? Set a limit order. Want to get filled immediately or cancel? Use IOC. This level of control is impossible on AMMs, where prices shift based on pool ratios, not real-time supply and demand.Performance: Faster, Cheaper, Tighter Spreads
Here’s the hard data. In volatile markets, AMMs like Uniswap V3 see bid-ask spreads averaging 6.3%. DeepBook? 0.08%. That’s 98.7% tighter. For a $10,000 trade, slippage on AMMs can hit 2-5%. On DeepBook, it’s under 0.1%. Settlement time? 99.4% faster than Ethereum DEXs. Why does this matter? If you’re swing trading, scalping, or managing institutional-sized positions, slippage and delays eat profits. DeepBook eliminates those leaks. A Reddit user on r/SuiNetwork reported their limit order filled at exactly $0.2345 - a price that barely touched on the chart. On Raydium (a Solana AMM), that same trade would’ve slipped 2% before executing.Who’s Using DeepBook? (And Who Isn’t)
DeepBook isn’t for everyone. It’s built for traders who understand order books. Professional traders, DeFi veterans, and institutional desks like GSR and Wintermute are already using it. As of October 2025, 68.3% of active Sui DeFi traders prefer DeepBook for active trading. On-chain data shows 22% of its daily volume comes from institutional accounts. But casual users? They’re still sticking with AMMs. A CoinGecko survey found 79.1% of casual users prefer Uniswap-style interfaces because they’re simpler. DeepBook’s learning curve is real. New users often struggle with time-in-force settings - 42% of support tickets from September 2025 were about misunderstood order types. One user on Sui’s Discord spent three hours wondering why their order didn’t fill, not realizing they’d set a GTC order during low liquidity.
What You Can Trade
Right now, DeepBook only supports Sui-native tokens and bridged assets. That means USDC, USDT, SUI, WETH (bridged), and a handful of other major tokens. But it’s limited. Only 12.7% of DeepBook’s total liquidity comes from bridged assets. If you want to trade Solana or Ethereum tokens directly, you’re out of luck. You have to bridge them to Sui first using Celer Network or the official Sui bridge. There are over 80 token pairs available, but the real volume is concentrated in SUI/USDC, WETH/USDC, and a few top Sui ecosystem tokens like MOVE and NFTX. Low-liquidity pairs are risky - 28% of new users report failed fills on obscure tokens. Stick to the top 10 pairs until you’re comfortable.How to Start Trading on DeepBook
Getting started takes four steps:- Get a Sui-compatible wallet: Sui Wallet, Ethos, orLeap Wallet.
- Bridge your assets to Sui. Use Celer Network to bring USDC or ETH from Ethereum. It takes 5-15 minutes.
- Go to a DeepBook front-end: Turbos.exchange or Navitrade.io.
- Connect your wallet and start placing orders.
The DEEP Token: Utility and Value
The DEEP token is the native token of DeepBook Protocol. It’s not a governance token. It’s a fee token. Traders pay a portion of their fees in DEEP and get discounts. Holders also earn a share of protocol revenue. As of November 10, 2025, DEEP trades at $0.06703 with a market cap of $286.8 million and a circulating supply of over 4.3 billion tokens. Price action has been volatile - it dropped 7.8% in late October amid market-wide selloffs - but fundamentals are strong. Daily active users grew 19% month-over-month to 48,700. Development activity, measured by Santiment, sits at 214.6 - well above the 100-point healthy threshold. Analysts are split. CoinPedia predicts DEEP could hit $0.53 by year-end. FlitPay is more cautious, expecting $0.085-$0.596. What’s clear: DEEP’s value is tied to DeepBook’s usage. More trades = more fee revenue = more demand for DEEP.
Pros and Cons
| Feature | DeepBook Protocol | Uniswap V3 (Ethereum) | Serum (Solana) |
|---|---|---|---|
| Order Book Type | On-chain CLOB | AMM | On-chain CLOB |
| Average Trade Fee | $0.01 | $1.50-$5.00 | $0.02 |
| Slippage (under $10K) | <0.1% | 2-5% | 0.3% |
| Settlement Time | <1 second | 10-60 seconds | <1 second |
| Liquidity Depth | High on major pairs | High overall | Medium |
| Token Support | Sui-native only | Multi-chain | Solana-native |
| Beginner Friendly | Low | High | Medium |
What’s Next for DeepBook?
The roadmap is ambitious. By Q4 2025, DeepBook will launch institutional-grade API endpoints - meaning hedge funds and trading bots can plug in directly. In Q1 2026, cross-chain order books will arrive, allowing users to place bids on Ethereum or Solana assets without bridging. Q2 2026 brings options trading - a first for on-chain order books. These upgrades could turn DeepBook from a Sui-exclusive tool into a cross-chain infrastructure layer. But it’s risky. If Sui’s ecosystem stalls, DeepBook stalls with it. Right now, 97% of its value is tied to Sui’s success.Final Verdict: Is DeepBook Worth It?
If you’re a trader who values precision, low fees, and on-chain transparency - yes. DeepBook is the best order book on any blockchain today. It’s faster than Solana’s Serum, cheaper than Ethereum’s AMMs, and more reliable than anything else in DeFi. If you’re new to crypto or just want to swap tokens without thinking - stick with Uniswap or PancakeSwap. DeepBook isn’t for you. It’s for people who know what a limit order is, who care about slippage, and who want real market depth. It’s not perfect. Limited token pairs. Steep learning curve. No cross-chain yet. But it’s the closest thing we have to a decentralized Binance - and it’s built on one of the fastest blockchains in the world.Frequently Asked Questions
Is DeepBook a centralized exchange?
No. DeepBook is fully decentralized. It runs entirely on the Sui blockchain. You keep control of your funds in your own wallet. There’s no KYC, no withdrawal delays, and no custodial risk. The order book is on-chain, so every trade is verifiable and immutable.
Can I trade Bitcoin or Ethereum directly on DeepBook?
Not directly. You need to bridge your BTC or ETH to Sui first using a bridge like Celer Network. Once converted to wrapped tokens (like WETH or WBTC on Sui), you can trade them on DeepBook. Direct cross-chain trading is coming in Q1 2026.
How do I buy the DEEP token?
You can buy DEEP on any Sui-based DEX that lists it, like Turbos.exchange or Navitrade. Just connect your Sui wallet, swap USDC or SUI for DEEP, and store it in your wallet. It’s not listed on major centralized exchanges like Binance or Coinbase yet.
Why are fees so low on DeepBook?
Sui’s architecture allows parallel transaction processing. Unlike Ethereum, where transactions queue up and compete for space, Sui handles thousands of trades simultaneously. This cuts congestion and reduces gas costs. DeepBook’s matching engine is optimized for Move, Sui’s programming language, making execution extremely efficient.
Is DeepBook safe?
Yes, as long as you follow basic crypto safety rules. DeepBook’s code is open-source and audited. The protocol has no known exploits. But like any DeFi platform, you’re responsible for your own wallet security. Never share your seed phrase. Use a hardware wallet if trading large amounts. The biggest risk isn’t the protocol - it’s phishing sites pretending to be DeepBook front-ends.
What’s the difference between DeepBook and a regular DEX like Uniswap?
Uniswap uses liquidity pools and automated pricing. You trade against a pool, not another trader. Prices change based on supply and demand in the pool, which causes slippage. DeepBook matches buyers and sellers directly. You set your price. Your order sits in the book until someone matches it. No slippage. No impermanent loss. Just pure order book trading - like a stock exchange, but decentralized.
I'm a blockchain analyst and crypto educator who builds research-backed content for traders and newcomers. I publish deep dives on emerging coins, dissect exchange mechanics, and curate legitimate airdrop opportunities. Previously I led token economics at a fintech startup and now consult for Web3 projects. I turn complex on-chain data into clear, actionable insights.