Entry cost

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

AssetTypeSize37 of 44 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
Lighter BNB · live order book, 4 min agocheapest	0.11 bp	1.6 bp	0.5 bp	0.00 bp	2.1 bp	−$2	$7.6M	20x	2.8 bp	2.7 bp	1.2–4.8 bp
Extended BNB-USD · live order book, 5 min ago	0.06 bp	3.6 bp	3.1 bp	2.50 bp	6.8 bp	−$7	$793K	50x	2.3 bp	2.3 bp	0.5–4.0 bp
Bulk BNB-USD · live order book, 45 min ago	0.06 bp	3.6 bp	3.6 bp	3.50 bp	7.1 bp	−$7	$36.2M	10x	0.1 bp	0.1 bp	0.1–0.7 bp
MEXC BNB_USDT · live order book, 5 min ago	0.63 bp	4.9 bp	2.6 bp	2.00 bp	7.5 bp	−$8	$33.0M	200x	3.4 bp	3.1 bp	1.3–5.1 bp
Nado BNB-PERP · live order book, 5 min ago	0.06 bp	3.8 bp	5.0 bp	3.50 bp	8.9 bp	−$9	$552K	20x	0.6 bp	0.5 bp	0.1–1.7 bp
RISEx BNB/USDC · live order book, 5 min ago	1.51 bp	4.5 bp	4.5 bp	3.00 bp	9.0 bp	−$9	$233K	20x	2.8 bp	2.6 bp	1.5–4.5 bp
SoDEX BNB-USD · live order book, 5 min ago	0.63 bp	4.7 bp	4.6 bp	4.00 bp	9.3 bp	−$9	$1.1M	10x	1.4 bp	1.4 bp	1.3–2.3 bp
Aster BNBUSDT · live order book, 5 min ago	0.63 bp	5.2 bp	4.7 bp	4.00 bp	10.0 bp	−$10	$2.1M	200x	1.7 bp	1.7 bp	0.5–3.5 bp
Hyperliquid BNB · live order book, 5 min ago	0.13 bp	5.8 bp	4.6 bp	4.50 bp	10.4 bp	−$10	$78K	10x	2.0 bp	2.0 bp	0.4–4.0 bp
Backpack BNB_USDC_PERP · live order book, 5 min ago	0.06 bp	5.1 bp	5.6 bp	5.00 bp	10.7 bp	−$11	$538K	40x	1.0 bp	0.9 bp	0.1–4.2 bp
Pacifica BNB · live order book, 5 min ago	0.31 bp	6.6 bp	4.4 bp	4.00 bp	11.1 bp	−$11	$68K	20x	3.1 bp	3.4 bp	1.2–5.5 bp
BingX BNB-USDT · live order book, 5 min ago	0.13 bp	5.5 bp	5.6 bp	5.00 bp	11.1 bp	−$11	$79.7M	—	0.6 bp	0.6 bp	0.3–1.6 bp
Binance BNBUSDT · live order book, 5 min ago	0.06 bp	5.1 bp	6.3 bp	5.00 bp	11.4 bp	−$11	$4.5M	75x	0.1 bp	0.1 bp	0.1–1.2 bp
OKX BNB-USDT-SWAP · live order book, 5 min ago	0.63 bp	5.8 bp	5.6 bp	5.00 bp	11.4 bp	−$11	$3.5M	50x	1.3 bp	1.3 bp	1.3–3.4 bp
BloFin BNB-USDT · live order book, 5 min ago	0.13 bp	6.3 bp	6.2 bp	6.00 bp	12.5 bp	−$12	$1.9M	75x	0.4 bp	0.3 bp	0.1–1.9 bp
Phemex BNBUSDT · live order book, 5 min ago	0.06 bp	6.3 bp	6.3 bp	6.00 bp	12.6 bp	−$13	$1.5M	50x	2.5 bp	2.5 bp	0.9–5.5 bp
Polymarket Perps BNB-USD · live order book, 44 min ago	2.52 bp	6.5 bp	6.5 bp	4.00 bp	13.0 bp	−$13	$1.3M	10x	5.8 bp	6.0 bp	4.5–7.2 bp
edgeX BNBUSDC · live order book, 5 min ago	2.51 bp	7.0 bp	7.0 bp	4.50 bp	14.0 bp	−$14	$3.4M	30x	3.9 bp	3.9 bp	3.9–5.2 bp
Bitget BNBUSDT · live order book, 5 min ago	0.06 bp	8.5 bp	6.1 bp	6.00 bp	14.5 bp	−$15	$569K	75x	2.1 bp	2.0 bp	1.0–3.6 bp
Bybit BNBUSDT · live order book, 5 min ago	0.63 bp	8.5 bp	6.1 bp	5.50 bp	14.7 bp	−$15	$6.2M	75x	2.3 bp	1.9 bp	1.3–3.9 bp
Deribit BNB_USDC-PERPETUAL · live order book, 5 min ago	3.01 bp	6.5 bp	10.8 bp	3.50 bp	17.3 bp	−$17	$195K	25x	9.8 bp	9.7 bp	6.5–13.2 bp
Kalshi KXBNBPERP · live order book, 5 min ago	2.51 bp	7.5 bp	9.9 bp	5.00 bp	17.4 bp	−$17	$545K	4.8x	8.1 bp	9.0 bp	4.6–15.3 bp
HTX BNB-USDT · live order book, 5 min ago	0.53 bp	11.0 bp	6.8 bp	6.00 bp	17.8 bp	−$18	$2.3M	75x	7.5 bp	7.3 bp	4.2–10.4 bp
Arcus BNB-USD · live order book, 15 min ago	4.39 bp	9.4 bp	9.0 bp	2.25 bp	18.4 bp	−$18	$164K	10x	17.4 bp	15.6 bp	12.6–122.3 bp
Coinbase International BNB-PERP-INTX · live order book, 45 min ago	4.09 bp	9.2 bp	9.3 bp	5.00 bp	18.5 bp	−$18	$516K	50x	8.1 bp	8.0 bp	5.6–9.6 bp
Gate BNB_USDT · live order book, 5 min ago	0.63 bp	10.4 bp	9.0 bp	7.50 bp	19.4 bp	−$19	$11.9M	75x	4.1 bp	4.1 bp	2.1–6.1 bp
Paradex BNB-USD-PERP · live order book, 45 min ago	8.10 bp	10.1 bp	10.1 bp	2.00 bp	20.2 bp	−$20	$122K	50x	9.5 bp	9.5 bp	9.4–12.2 bp
Kraken Futures PF_BNBUSD · live order book, 5 min ago	3.83 bp	10.3 bp	10.5 bp	5.00 bp	20.8 bp	−$21	$8.4M	50x	10.8 bp	10.7 bp	8.4–14.0 bp
StandX BNB-USD · live order book, 5 min ago	4.45 bp	11.7 bp	10.1 bp	4.00 bp	21.8 bp	−$22	$768K	30x	12.7 bp	12.5 bp	10.5–14.5 bp
KuCoin BNBUSDTM · live order book, 5 min ago	0.38 bp	13.5 bp	9.8 bp	6.00 bp	23.3 bp	−$23	$261K	75x	9.0 bp	9.0 bp	4.9–12.6 bp
ApeX Omni BNBUSDT · live order book, 44 min ago	1.83 bp	6.8 bp	17.8 bp	5.00 bp	24.6 bp	−$25	$276K	50x	10.3 bp	10.4 bp	6.6–12.4 bp
Phoenix BNB · live order book, 41 min ago	1.01 bp	12.4 bp	12.4 bp	3.50 bp	24.8 bp	−$25	$451K	10x	17.8 bp	17.9 bp	17.8–17.9 bp
SunX BNB-USDT · live order book, 12 min ago	15.06 bp	22.6 bp	24.6 bp	5.00 bp	47.2 bp	−$47	$197K	50x	37.4 bp	37.3 bp	36.3–41.1 bp
dYdX BNB-USD · live order book, 45 min ago	27.56 bp	37.4 bp	32.9 bp	5.00 bp	70.3 bp	−$70	$17.5M	10x	25.8 bp	24.8 bp	19.4–34.4 bp
Injective BNB/USDC PERP · live order book, 45 min ago	49.98 bp	50.0 bp	50.0 bp	0.01 bp	100.0 bp	−$100	$10K	30x	100.0 bp	100.0 bp	99.9–100.1 bp
Aevo BNB-PERP · live order book, 45 min ago	34.82 bp	64.2 bp	55.8 bp	8.00 bp	120.0 bp	−$120	$678K	10x	51.5 bp	54.3 bp	34.3–69.8 bp
gTrade (Gains Network) BNB/USD · virtual book (oracle venue), 5 min ago	130.01 bp	135.0 bp	135.0 bp	5.00 bp	270.0 bp	−$270	$7.4M	150x	260.0 bp	260.0 bp	260.0–260.0 bp
Variational Omni BNB	3.33 bp	the book does not hold this size
Orderly PERP_BNB_USDC	—	no order-book sample in the last 90 minutes
Hibachi BNB/USDT-P	—	below $100k OI and volume: not sampled
GMX BNB/USD [WBTC.b-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Derive BNB-PERP	—	below $100k OI and volume: not sampled
Reya BNBRUSDPERP	—	no public order book; price impact follows the exchange's formula
Hotstuff BNB-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.