Entry cost

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

AssetTypeSize26 of 36 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
MEXC ADA_USDT · live order book, 4 min agocheapest	2.05 bp	2.0 bp	2.0 bp	0.00 bp	4.1 bp	−$4	$34.7M	300x	4.3 bp	4.4 bp	4.3–4.4 bp
Extended ADA-USD · live order book, 3 min ago	2.05 bp	4.5 bp	4.5 bp	2.50 bp	9.1 bp	−$9	$543K	50x	4.4 bp	4.4 bp	4.4–5.7 bp
Backpack ADA_USDC_PERP · live order book, 59 min ago	0.61 bp	5.6 bp	7.6 bp	5.00 bp	13.2 bp	−$13	$188K	15x	3.5 bp	3.5 bp	1.4–5.7 bp
Polymarket Perps ADA-USD · live order book, 58 min ago	2.44 bp	6.4 bp	7.6 bp	4.00 bp	14.1 bp	−$14	$681K	10x	6.7 bp	6.9 bp	4.7–9.2 bp
Binance ADAUSDT · live order book, 14 min ago	2.06 bp	7.1 bp	7.1 bp	5.00 bp	14.1 bp	−$14	$12.0M	75x	4.3 bp	4.4 bp	4.3–4.4 bp
Lighter ADA · live order book, 2 min ago	3.06 bp	8.7 bp	6.3 bp	0.00 bp	15.0 bp	−$15	$1.1M	10x	11.5 bp	11.3 bp	7.4–17.3 bp
BloFin ADA-USDT · live order book, 4 min ago	2.05 bp	8.0 bp	8.0 bp	6.00 bp	16.1 bp	−$16	$19.0M	75x	8.7 bp	8.8 bp	4.4–13.2 bp
Bybit ADAUSDT · live order book, 4 min ago	2.05 bp	7.9 bp	8.2 bp	5.50 bp	16.1 bp	−$16	$5.6M	75x	4.4 bp	4.4 bp	4.3–10.0 bp
Hyperliquid ADA · live order book, 3 min ago	1.43 bp	7.1 bp	10.1 bp	4.50 bp	17.3 bp	−$17	$100K	10x	4.6 bp	4.1 bp	2.4–6.2 bp
Pacifica ADA · live order book, 58 min ago	3.06 bp	8.8 bp	8.7 bp	4.00 bp	17.5 bp	−$18	$53K	10x	8.1 bp	8.5 bp	6.5–10.6 bp
OKX ADA-USDT-SWAP · live order book, 4 min ago	2.05 bp	10.8 bp	7.0 bp	5.00 bp	17.8 bp	−$18	$1.8M	50x	4.4 bp	4.4 bp	4.3–9.7 bp
Deribit ADA_USDC-PERPETUAL · live order book, 59 min ago	4.07 bp	7.6 bp	10.4 bp	3.50 bp	18.0 bp	−$18	$77K	50x	8.2 bp	8.9 bp	6.4–12.8 bp
BingX ADA-USDT · live order book, 13 min ago	4.11 bp	9.1 bp	9.1 bp	5.00 bp	18.2 bp	−$18	$45.5M	—	8.6 bp	8.7 bp	4.4–12.1 bp
Bitget ADAUSDT · live order book, 4 min ago	2.05 bp	12.0 bp	8.0 bp	6.00 bp	20.1 bp	−$20	$5.0M	75x	6.6 bp	6.3 bp	4.4–12.6 bp
Phemex ADAUSDT · live order book, 4 min ago	4.09 bp	10.1 bp	10.1 bp	6.00 bp	20.2 bp	−$20	$1.2M	50x	6.6 bp	6.5 bp	4.4–12.8 bp
Aster ADAUSDT · live order book, 3 min ago	2.05 bp	10.5 bp	9.9 bp	4.00 bp	20.4 bp	−$20	$380K	75x	15.3 bp	15.4 bp	10.4–23.3 bp
Coinbase International ADA-PERP-INTX · live order book, 4 min ago	4.09 bp	10.1 bp	12.9 bp	5.00 bp	23.0 bp	−$23	$988K	50x	14.6 bp	15.4 bp	10.1–19.5 bp
HTX ADA-USDT · live order book, 4 min ago	2.94 bp	11.8 bp	11.6 bp	6.00 bp	23.4 bp	−$23	$1.9M	75x	11.9 bp	11.7 bp	7.3–15.9 bp
edgeX ADAUSDC · live order book, 58 min ago	8.14 bp	12.6 bp	12.6 bp	4.50 bp	25.3 bp	−$25	$469K	20x	13.2 bp	13.2 bp	13.1–14.3 bp
KuCoin ADAUSDTM · live order book, 4 min ago	1.43 bp	16.7 bp	9.7 bp	6.00 bp	26.4 bp	−$26	$528K	75x	12.4 bp	12.8 bp	8.8–16.2 bp
Gate ADA_USDT · live order book, 4 min ago	2.05 bp	12.9 bp	13.6 bp	7.50 bp	26.5 bp	−$26	$1.4M	75x	11.6 bp	12.2 bp	6.1–13.0 bp
Kraken Futures PF_ADAUSD · live order book, 4 min ago	4.91 bp	13.9 bp	13.1 bp	5.00 bp	27.0 bp	−$27	$1.6M	50x	15.0 bp	14.9 bp	10.9–18.5 bp
Kalshi KXADAPERP · live order book, 4 min ago	2.04 bp	7.0 bp	23.4 bp	5.00 bp	30.4 bp	−$30	$506K	3.2x	11.4 bp	12.2 bp	8.7–16.6 bp
ApeX Omni ADAUSDT · live order book, 57 min ago	8.16 bp	17.1 bp	17.0 bp	5.00 bp	34.0 bp	−$34	$341K	50x	20.7 bp	17.6 bp	10.1–25.1 bp
SunX ADA-USDT · live order book, 28 min ago	55.82 bp	60.8 bp	63.2 bp	5.00 bp	124.1 bp	−$124	$142K	30x	44.4 bp	44.9 bp	44.2–48.0 bp
dYdX ADA-USD · live order book, 59 min ago	62.56 bp	67.6 bp	85.6 bp	5.00 bp	153.1 bp	−$153	$992.2M	10x	240.0 bp	212.8 bp	147.8–311.9 bp
Variational Omni ADA	8.15 bp	the book does not hold this size
GMX ADA/USD [WBTC.b-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
gTrade (Gains Network) ADA/USD	—	no public order book; price impact follows the exchange's formula
Derive ADA-PERP	—	below $100k OI and volume: not sampled
Paradex ADA-USD-PERP	—	below $100k OI and volume: not sampled
Orderly PERP_ADA_USDC	—	below $100k OI and volume: not sampled
Phoenix ADA	—	below $100k OI and volume: not sampled
Reya ADARUSDPERP	—	no public order book; price impact follows the exchange's formula
Injective ADA/USDC PERP	—	below $100k OI and volume: not sampled
SoDEX ADA-USD	—	below $100k OI and volume: not sampled

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.