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Midmarket is the mid rate the maker prices from, in USD per coin; Spread is the distance of the firm quote’s price from it, in basis points, for buying the coin with USDC and for selling it. Sizes are on Trade sizes and limits.

What you pay

There is no subscription, no minimum volume and no charge for quotes you do not fill. Because a quote is a signed order, the rate you see is the rate you get: no re-pricing between the quote and the fill, no slippage tolerance to set. The quote carries referenceRate (the midmarket rate it was priced from) and sellAmount/buyAmount (the exact amounts), so the spread of every quote can be checked.

Midmarket rates

The midmarket rate is the one the maker actually prices from. Today every pair is priced from a public Chainlink feed on Base, read on chain at the moment of the quote. reference.source on each level says which kind of source the rate came from: chainlink for a feed, api for a rate read from live order books.

EURC

XSGD

IDRX

Reading it from the API

reference.rate is the midmarket rate, reference.source its kind (chainlink or api), reference.at its time. No key is needed; the machine-readable form is documented at GET /v1/levels.