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Settings8H · net · $10k
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Entry cost

BTC markets

Cost to open and close $10k of BTC, by exchange.

44 of 54 venues priced · CSV
ExchangeHalf-spreadBuySellTaker feeRound tripIn $Measured up toMax levMedian 24hMedian 7dp10–p90 7d
Lighter RH BTC · live order book, 6 min agocheapest0.41 bp0.4 bp0.4 bp0.00 bp0.8 bp−$1$6.8M50x1.4 bp1.3 bp0.7–2.1 bp
Lighter BTC · live order book, 6 min ago0.37 bp0.6 bp0.4 bp0.00 bp1.0 bp−$1$17.3M50x0.7 bp0.6 bp0.1–1.3 bp
MEXC BTC_USDT · live order book, 1 min ago0.01 bp2.0 bp2.0 bp2.00 bp4.0 bp−$4$88.0M500x0.0 bp0.0 bp0.0–0.0 bp
Arcus BTC-USD · live order book, 1 min ago0.01 bp2.3 bp2.3 bp2.25 bp4.5 bp−$5$711K40x0.8 bp0.7 bp0.0–2.8 bp
Extended BTC-USD · live order book, 1 min ago0.06 bp2.6 bp2.6 bp2.50 bp5.1 bp−$5$10.2M50x0.1 bp0.1 bp0.1–0.1 bp
Paradex BTC-USD-PERP · live order book, 1 min ago0.68 bp2.7 bp2.7 bp2.00 bp5.4 bp−$5$631K50x1.5 bp1.5 bp0.5–2.7 bp
Injective BTC/USDC PERP · live order book, 1 min ago2.77 bp3.8 bp2.9 bp0.01 bp6.7 bp−$7$819K52x4.8 bp3.8 bp2.6–6.9 bp
Deribit BTC-PERPETUAL · live order book, 1 min ago0.03 bp3.5 bp3.5 bp3.50 bp7.1 bp−$7$37.5M50x0.1 bp0.1 bp0.1–0.9 bp
Bulk BTC-USD · live order book, 1 min ago0.03 bp3.5 bp3.5 bp3.50 bp7.1 bp−$7$213.5M40x0.0 bp0.0 bp0.0–0.1 bp
Nado BTC-PERP · live order book, 1 min ago0.06 bp3.6 bp3.6 bp3.50 bp7.1 bp−$7$12.0M50x0.1 bp0.1 bp0.1–0.1 bp
RISEx BTC/USDC · live order book, 1 min ago0.01 bp4.2 bp3.0 bp3.00 bp7.2 bp−$7$2.9M25x0.4 bp0.4 bp0.0–2.8 bp
Popdex BTCUSDT · live order book, 1 min ago0.06 bp4.0 bp3.4 bp3.20 bp7.4 bp−$7$9.6M100x0.4 bp0.4 bp0.1–2.6 bp
Phoenix BTC · live order book, 1 min ago0.06 bp3.7 bp3.7 bp3.50 bp7.4 bp−$7$4.3M40x0.5 bp0.5 bp0.2–0.5 bp
Aster BTCUSDT · live order book, 6 min ago0.01 bp4.0 bp4.0 bp4.00 bp8.0 bp−$8$36.2M200x0.0 bp0.0 bp0.0–0.9 bp
gTrade (Gains Network) BTC/USD · virtual book (oracle venue), 1 min ago0.51 bp4.0 bp4.0 bp3.50 bp8.0 bp−$8$50.0M200x1.0 bp1.0 bp1.0–1.0 bp
SoDEX BTC-USD · live order book, 1 min ago0.06 bp4.1 bp4.1 bp4.00 bp8.1 bp−$8$9.9M40x0.1 bp0.1 bp0.1–0.1 bp
Polymarket Perps BTC-USD · live order book, 1 min ago0.06 bp4.2 bp4.1 bp4.00 bp8.2 bp−$8$3.4M50x0.2 bp0.2 bp0.1–1.4 bp
Pacifica BTC · live order book, 1 min ago0.06 bp4.2 bp4.1 bp4.00 bp8.3 bp−$8$150K50x0.1 bp0.1 bp0.1–1.0 bp
Bullet BTC-USD · live order book, 1 min ago0.18 bp4.2 bp4.5 bp4.00 bp8.7 bp−$9$507K20x1.3 bp1.6 bp0.6–2.5 bp
edgeX BTCUSDC · live order book, 1 min ago0.01 bp4.5 bp4.5 bp4.50 bp9.0 bp−$9$64.4M100x0.0 bp0.0 bp0.0–0.1 bp
Hyperliquid BTC · live order book, 6 min ago0.06 bp4.6 bp4.6 bp4.50 bp9.1 bp−$9$2.7M40x0.1 bp0.1 bp0.1–0.2 bp
Hibachi BTC/USDT-P · live order book, 1 min ago0.01 bp4.9 bp4.5 bp4.50 bp9.4 bp−$9$1.3M30x0.5 bp0.3 bp0.0–2.1 bp
Binance BTCUSDT · live order book, 11 min ago0.01 bp5.0 bp5.0 bp5.00 bp10.0 bp−$10$11.7M150x0.0 bp0.0 bp0.0–0.0 bp
OKX BTC-USDT-SWAP · live order book, 1 min ago0.01 bp5.0 bp5.0 bp5.00 bp10.0 bp−$10$11.5M100x0.0 bp0.0 bp0.0–0.0 bp
Coinbase International BTC-PERP-INTX · live order book, 1 min ago0.01 bp5.0 bp5.0 bp5.00 bp10.0 bp−$10$30.5M50x0.0 bp0.0 bp0.0–0.0 bp
Backpack BTC_USDC_PERP · live order book, 1 min ago0.01 bp5.0 bp5.0 bp5.00 bp10.0 bp−$10$4.5M75x0.0 bp0.0 bp0.0–0.0 bp
BingX BTC-USDT · live order book, 11 min ago0.02 bp5.1 bp5.0 bp5.00 bp10.1 bp−$10$878.1M—0.1 bp0.1 bp0.0–0.5 bp
Kraken Futures PF_XBTUSD · live order book, 1 min ago0.06 bp5.1 bp5.1 bp5.00 bp10.1 bp−$10$59.7M100x0.3 bp0.2 bp0.1–1.1 bp
01 Exchange BTCUSD · live order book, 1 min ago0.05 bp5.3 bp5.0 bp3.50 bp10.3 bp−$10$526K50x2.0 bp2.0 bp0.6–4.3 bp
StandX BTC-USD · live order book, 1 min ago1.00 bp5.0 bp5.6 bp4.00 bp10.6 bp−$11$6.9M40x2.5 bp2.4 bp0.7–5.9 bp
ApeX Omni BTCUSDT · live order book, 1 min ago0.37 bp5.4 bp5.4 bp5.00 bp10.7 bp−$11$13.2M100x0.8 bp0.8 bp0.2–1.8 bp
dYdX BTC-USD · live order book, 1 min ago0.06 bp5.1 bp5.7 bp5.00 bp10.8 bp−$11$234.1M50x5.3 bp4.1 bp1.6–16.9 bp
Kalshi KXBTCPERP · live order book, 1 min ago0.06 bp5.5 bp5.4 bp5.00 bp10.9 bp−$11$10.4M6.4x0.7 bp0.7 bp0.4–1.3 bp
Bybit BTCUSDT · live order book, 1 min ago0.01 bp5.5 bp5.5 bp5.50 bp11.0 bp−$11$20.6M150x0.0 bp0.0 bp0.0–0.0 bp
SunX BTC-USDT · live order book, 6 min ago0.64 bp6.3 bp5.6 bp5.00 bp12.0 bp−$12$6.2M100x1.3 bp2.0 bp0.9–3.9 bp
Bitget BTCUSDT · live order book, 1 min ago0.01 bp6.0 bp6.0 bp6.00 bp12.0 bp−$12$2.1M150x0.0 bp0.0 bp0.0–0.0 bp
HTX BTC-USDT · live order book, 1 min ago0.01 bp6.0 bp6.0 bp6.00 bp12.0 bp−$12$11.2M200x0.0 bp0.0 bp0.0–0.0 bp
BloFin BTC-USDT · live order book, 6 min ago0.01 bp6.0 bp6.0 bp6.00 bp12.0 bp−$12$3.8M150x0.0 bp0.0 bp0.0–0.5 bp
Phemex BTCUSDT · live order book, 6 min ago0.01 bp6.0 bp6.0 bp6.00 bp12.0 bp−$12$1.5M150x0.0 bp0.0 bp0.0–0.2 bp
KuCoin XBTUSDTM · live order book, 6 min ago0.01 bp6.0 bp6.0 bp6.00 bp12.0 bp−$12$3.9M125x0.0 bp0.0 bp0.0–0.7 bp
Bluefin BTC-PERP · live order book, 51 min ago1.77 bp6.1 bp6.4 bp3.50 bp12.5 bp−$13$157K40x5.3 bp5.4 bp4.3–6.9 bp
Gate BTC_USDT · live order book, 1 min ago0.01 bp7.5 bp7.5 bp7.50 bp15.0 bp−$15$8.5M200x0.0 bp0.0 bp0.0–0.0 bp
Aftermath Perps BTCUSD · live order book, 36 min ago1.00 bp8.8 bp9.7 bp4.50 bp18.5 bp−$19$128K20x9.9 bp8.9 bp5.3–11.9 bp
Aevo BTC-PERP · live order book, 1 min ago0.77 bp9.9 bp10.0 bp8.00 bp19.9 bp−$20$1.4M20x3.6 bp3.2 bp2.2–5.5 bp
Variational Omni BTC0.50 bpthe book does not hold this size
GMX BTC/USD [WBTC.b-USDC]—oracle execution: slippage not modeled, see the exchange's docs
Reya BTCRUSDPERP—no public order book; price impact follows the exchange's formula
Ondo Perps BTC-USD.P—no order-book sample in the last 90 minutes
Orderly PERP_BTC_USDC—no order-book sample in the last 90 minutes
Perpl BTC—no order-book sample in the last 90 minutes
Katana Perps BTC-USD—no order-book sample in the last 90 minutes
Hotstuff BTC-PERP—below $100k OI and volume: not sampled
Vest BTC-PERP—no order-book sample in the last 90 minutes
Jupiter Perps WBTC-PERP—oracle execution: slippage not modeled, see the exchange's docs
Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M.