The bar chart displays the average bid-ask spreads of select meme coins on different platforms. Spreads vary from 7.8 basis points on Binance to 0.8bps for doge on Kraken. The same coin on different exchanges may have very different spreads. For example, pepe on Kraken has a spread of 3.1bps, 4.7bps less than the same coin on Binance.