Entry cost

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

AssetTypeSize14 of 17 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 AR_USDT · live order book, 3 min agocheapest	1.07 bp	3.1 bp	3.1 bp	2.00 bp	6.1 bp	−$6	$3.4M	100x	2.1 bp	2.3 bp	2.1–6.4 bp
Binance ARUSDT · live order book, 13 min ago	1.07 bp	15.1 bp	14.1 bp	5.00 bp	29.2 bp	−$29	$1.2M	75x	22.7 bp	22.3 bp	17.2–26.3 bp
BloFin AR-USDT · live order book, 2 min ago	1.07 bp	16.6 bp	16.7 bp	6.00 bp	33.4 bp	−$33	$776K	20x	25.2 bp	24.5 bp	14.3–37.6 bp
Hyperliquid AR · live order book, 2 min ago	5.31 bp	19.0 bp	16.6 bp	4.50 bp	35.6 bp	−$36	$17K	5x	22.2 bp	22.3 bp	15.0–31.3 bp
ApeX Omni ARUSDT · live order book, 59 min ago	8.43 bp	19.7 bp	16.7 bp	5.00 bp	36.4 bp	−$36	$165K	50x	21.8 bp	22.7 bp	18.1–28.7 bp
BingX AR-USDT · live order book, 10 min ago	4.28 bp	19.0 bp	18.6 bp	5.00 bp	37.6 bp	−$38	$6.9M	—	31.3 bp	30.4 bp	24.9–34.4 bp
OKX AR-USDT-SWAP · live order book, 4 min ago	2.14 bp	22.2 bp	17.9 bp	5.00 bp	40.1 bp	−$40	$137K	20x	31.4 bp	29.6 bp	24.0–36.4 bp
Bitget ARUSDT · live order book, 4 min ago	4.27 bp	22.6 bp	25.0 bp	6.00 bp	47.6 bp	−$48	$229K	75x	36.4 bp	35.3 bp	23.7–45.4 bp
Extended AR-USD · live order book, 18 min ago	6.09 bp	28.4 bp	27.0 bp	2.50 bp	55.4 bp	−$55	$340K	10x	50.1 bp	50.1 bp	47.8–54.3 bp
Aster ARUSDT · live order book, 3 min ago	8.52 bp	36.1 bp	28.2 bp	4.00 bp	64.3 bp	−$64	$35K	10x	43.7 bp	42.5 bp	34.5–89.2 bp
Bybit ARUSDT · live order book, 3 min ago	1.07 bp	43.8 bp	43.4 bp	5.50 bp	87.2 bp	−$87	$163K	75x	76.1 bp	71.7 bp	56.1–86.4 bp
Kraken Futures PF_ARUSD · live order book, 58 min ago	36.81 bp	42.1 bp	53.4 bp	5.00 bp	95.6 bp	−$96	$46K	20x	84.9 bp	85.6 bp	70.7–132.6 bp
Gate AR_USDT · live order book, 3 min ago	3.20 bp	73.4 bp	72.6 bp	7.50 bp	146.0 bp	−$146	$234K	50x	107.7 bp	85.6 bp	69.9–121.5 bp
KuCoin ARUSDTM · live order book, 1 min ago	4.26 bp	92.0 bp	96.8 bp	6.00 bp	188.7 bp	−$189	$146K	50x	191.9 bp	171.6 bp	148.5–223.2 bp
GMX AR/USD [WBTC.b-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Variational Omni AR	4.83 bp	the book does not hold this size
Injective AR/USDC PERP	—	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.