Entry cost

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

AssetTypeSize10 of 11 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 BTW_USDT · live order book, 5 min agocheapest	0.55 bp	7.8 bp	6.1 bp	0.00 bp	13.9 bp	−$14	$6.4M	20x	21.1 bp	27.7 bp	16.0–34.0 bp
Binance BTWUSDT · live order book, 4 min ago	1.65 bp	18.8 bp	20.9 bp	5.00 bp	39.7 bp	−$40	$313K	10x	34.3 bp	40.4 bp	25.9–54.1 bp
BingX BTW-USDT · live order book, 1 min ago	3.89 bp	17.8 bp	23.1 bp	5.00 bp	40.8 bp	−$41	$2.1M	—	42.0 bp	46.5 bp	32.2–57.3 bp
Aster BTWUSDT · live order book, 4 min ago	4.09 bp	19.8 bp	25.6 bp	4.00 bp	45.4 bp	−$45	$148K	5x	52.1 bp	53.3 bp	44.2–64.0 bp
Gate BTW_USDT · live order book, 5 min ago	9.44 bp	33.3 bp	35.6 bp	7.50 bp	68.9 bp	−$69	$770K	10x	93.9 bp	88.5 bp	55.5–113.6 bp
Bitget BTWUSDT · live order book, 5 min ago	6.58 bp	33.0 bp	36.0 bp	6.00 bp	69.0 bp	−$69	$47K	5x	69.6 bp	66.5 bp	53.0–84.0 bp
edgeX BTWUSDC · live order book, 44 min ago	8.92 bp	18.1 bp	61.0 bp	4.50 bp	79.0 bp	−$79	$28K	10x	15.6 bp	16.4 bp	12.6–25.5 bp
Bybit BTWUSDT · live order book, 5 min ago	5.43 bp	43.9 bp	49.3 bp	5.50 bp	93.2 bp	−$93	$111K	10x	96.7 bp	122.7 bp	71.3–202.8 bp
HTX BTW-USDT · live order book, 45 min ago	30.04 bp	61.3 bp	79.6 bp	6.00 bp	140.9 bp	−$141	$56K	10x	131.2 bp	143.7 bp	98.9–375.3 bp
KuCoin BTWUSDTM · live order book, 4 min ago	8.58 bp	93.9 bp	151.3 bp	6.00 bp	245.1 bp	−$245	$47K	10x	172.1 bp	150.7 bp	108.3–232.4 bp
Extended BTW-USD	—	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.