Entry cost

APLD marketsRWA

Type a position size; every exchange is repriced against its live order book.

Asset

Cheapest round trip on $10kBitget44.4 bp

You pay, in and out−$44

Second cheapest costs+$6.67 more

Venues that fill it4of 10

Margin at 20x$500

Exchange	Price	Taker / maker	Half-spread	Buy (long)	Sell (short)	Round trip	In $	Measured up to	Margin at max lev	Median 24h	Median 7d	p10-p90 7d
Bitget APLDUSDT · live order book, 25 min agocheapest	28.260	0.060%/0.020%	3.54 bp	26.1 bp	18.4 bp	44.4 bp	−$44	$530K	$500 20x	31.5 bp	34.4 bp	28.7-40.4 bp
edgeX APLDUSDC · live order book, 32 min ago	28.264	0.045%/0.040%	14.15 bp	20.3 bp	30.8 bp	51.1 bp	−$51	$93K	$1,000 10x	42.4 bp	125.2 bp	122.2-129.5 bp
Binance APLDUSDT · live order book, 47 min ago	28.210	0.050%/0.020%	8.85 bp	96.5 bp	60.9 bp	157.4 bp	−$157	$28K	$500 20x	129.3 bp	150.0 bp	146.2-164.3 bp
Bybit APLDUSDT · live order book, 15 min ago	28.310	0.055%/0.020%	12.38 bp	104.9 bp	114.0 bp	218.9 bp	−$219	$163K	$400 25x	189.5 bp	195.5 bp	176.4-216.8 bp
KuCoin APLDUSDTM	28.260	0.060%/0.020%	5.31 bp	the book does not hold this size (about $3k a side)
OKX APLD-USDT-SWAP	28.270	0.050%/0.020%	—	below $100k OI and volume: not sampled
BloFin APLD-USDT	28.150	0.060%/0.020%	—	below $100k OI and volume: not sampled
Phemex APLDUSDT	28.210	0.060%/0.010%	—	below $100k OI and volume: not sampled
HTX APLD-USDT	28.320	0.060%/0.020%	24.77 bp	the book does not hold this size (about $5k a side)
Gate APLD_USDT	28.210	0.075%/0.020%	—	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. A size between two measured points is interpolated and marked ~. Fees are each exchange's base taker tier, before volume tiers and token discounts. 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. The calculator runs from $1k to $5M.