Entry cost

BMNR marketsRWA

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

Asset

Cheapest round trip on $10kQFEX17.1 bp

You pay, in and out−$17

Second cheapest costs+$2.08 more

Venues that fill it12of 20

Margin at 10x$1,000

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
QFEX BMNR-USD · live order book, 3 min agocheapest	28.200	0.050%/0.020%	1.77 bp	6.8 bp	10.3 bp	17.1 bp	−$17	$479K	$1,000 10x	11.1 bp	11.2 bp	7.6-17.4 bp
Binance BMNRUSDT · live order book, 9 min ago	28.194	0.050%/0.020%	3.53 bp	9.5 bp	9.7 bp	19.1 bp	−$19	$1.7M	$400 25x	7.5 bp	8.6 bp	8.5-10.5 bp
BloFin BMNR-USDT · live order book, 62 min ago	28.260	0.060%/0.020%	3.51 bp	9.5 bp	12.0 bp	21.5 bp	−$21	$3.2M	$500 20x	9.3 bp	12.4 bp	6.4-20.4 bp
Extended BMNR-USD · live order book, 5 min ago	28.189	0.025%/0.000%	3.89 bp	13.1 bp	11.5 bp	24.6 bp	−$25	$504K	$1,000 10x	19.7 bp	20.8 bp	18.7-22.5 bp
GRVT BMNR_USDT_Perp · live order book, 65 min ago	28.300	0.045%/0.000%	5.27 bp	17.5 bp	10.4 bp	28.0 bp	−$28	$705K	$1,000 10x	19.0 bp	37.3 bp	18.8-53.4 bp
Gate BMNR_USDT · live order book, 1 min ago	28.200	0.075%/0.020%	3.54 bp	13.8 bp	16.1 bp	29.9 bp	−$30	$218K	$200 50x	17.0 bp	18.0 bp	11.4-34.4 bp
Bybit BMNRUSDT · live order book, 4 min ago	28.191	0.055%/0.020%	3.18 bp	17.5 bp	19.9 bp	37.4 bp	−$37	$219K	$400 25x	26.3 bp	35.1 bp	24.5-54.2 bp
OKX BMNR-USDT-SWAP · live order book, 5 min ago	28.200	0.050%/0.020%	1.76 bp	13.8 bp	23.9 bp	37.6 bp	−$38	$180K	$500 20x	18.4 bp	20.6 bp	16.7-28.9 bp
Lighter BMNR · live order book, 62 min ago	28.207	0.000%/0.000%	21.93 bp	21.9 bp	21.9 bp	43.9 bp	−$44	$146K	$1,000 10x	58.2 bp	90.4 bp	66.8-181.5 bp
Bitget BMNRUSDT · live order book, 4 min ago	28.214	0.060%/0.020%	3.18 bp	25.1 bp	65.1 bp	90.3 bp	−$90	$26K	$500 20x	38.0 bp	45.4 bp	32.4-63.7 bp
Phemex BMNRUSDT · live order book, 5 min ago	28.180	0.060%/0.010%	3.53 bp	70.1 bp	58.6 bp	128.7 bp	−$129	$53K	$1,000 10x	91.0 bp	94.1 bp	76.0-112.7 bp
KuCoin BMNRUSDTM · live order book, 51 min ago	28.200	0.060%/0.020%	14.07 bp	450.7 bp	353.7 bp	804.4 bp	−$804	$26K	$500 20x	572.7 bp	602.7 bp	438.3-752.1 bp
tradeXYZ xyz:BMNR	28.187	0.090%/0.030%	0.53 bp	the book does not hold this size (about $318 a side)
Variational Omni BMNR	28.280	0.000%/0.000%	4.66 bp	the book does not hold this size
Aster BMNRUSDT	28.211	0.040%/0.000%	—	below $100k OI and volume: not sampled
Ondo Perps BMNR-USD.P	28.260	0.025%/0.020%	—	below $100k OI and volume: not sampled
ApeX Omni BMNRUSDT	28.320	0.050%/0.020%	—	below $100k OI and volume: not sampled
HTX BMNR-USDT	28.298	0.060%/0.020%	—	below $100k OI and volume: not sampled
SunX BMNR-USDT	28.220	0.040%/0.020%	500.04 bp	the book does not hold this size (about $103 a side)
Vest BMNR-USD-PERP	28.240	0.010%/0.010%	—	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.