Entry cost

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

AssetTypeSize10 of 14 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 BASED_USDT · live order book, 2 min agocheapest	0.73 bp	8.4 bp	9.7 bp	2.00 bp	18.2 bp	−$18	$6.6M	50x	19.2 bp	19.4 bp	17.0–22.7 bp
OKX BASED-USDT-SWAP · live order book, 2 min ago	2.93 bp	18.6 bp	17.1 bp	5.00 bp	35.7 bp	−$36	$196K	20x	33.4 bp	33.0 bp	21.2–40.8 bp
BloFin BASED-USDT · live order book, 51 min ago	2.18 bp	17.4 bp	19.1 bp	6.00 bp	36.4 bp	−$36	$236K	25x	23.4 bp	25.2 bp	17.3–32.4 bp
BingX BASED-USDT · live order book, 7 min ago	2.20 bp	19.8 bp	25.5 bp	5.00 bp	45.3 bp	−$45	$361K	—	36.0 bp	39.6 bp	33.5–48.6 bp
Binance BASEDUSDT · live order book, 7 min ago	1.47 bp	18.0 bp	28.6 bp	5.00 bp	46.6 bp	−$47	$227K	25x	33.1 bp	37.1 bp	30.5–47.5 bp
Bitget BASEDUSDT · live order book, 1 min ago	2.19 bp	21.6 bp	26.6 bp	6.00 bp	48.2 bp	−$48	$134K	25x	35.3 bp	34.6 bp	28.7–41.3 bp
Extended BASED-USD · live order book, 13 min ago	1.62 bp	25.9 bp	40.8 bp	2.50 bp	66.7 bp	−$67	$100K	5x	54.6 bp	53.6 bp	36.6–71.6 bp
Gate BASED_USDT · live order book, 56 min ago	5.10 bp	35.2 bp	34.3 bp	7.50 bp	69.5 bp	−$70	$56K	50x	83.2 bp	80.7 bp	57.3–95.0 bp
Bybit BASEDUSDT · live order book, 1 min ago	4.40 bp	46.8 bp	56.4 bp	5.50 bp	103.2 bp	−$103	$83K	25x	103.8 bp	100.3 bp	76.4–139.3 bp
KuCoin BASEDUSDTM · live order book, 9 min ago	18.37 bp	472.0 bp	459.0 bp	6.00 bp	931.0 bp	−$931	$102K	20x	871.9 bp	878.8 bp	763.6–967.9 bp
Variational Omni BASED	—	below $100k OI and volume: not sampled
Aster BASEDUSDT	—	below $100k OI and volume: not sampled
Orderly PERP_BASED_USDC	—	below $100k OI and volume: not sampled
SunX BASED-USDT	500.81 bp	the book does not hold this size (about $1.1k a side)

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.