Entry cost

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

AssetTypeSize20 of 30 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 BRENTOIL · live order book, 7 min agocheapest	1.04 bp	2.0 bp	1.0 bp	0.00 bp	3.1 bp	−$3	$2.4M	20x	2.1 bp	2.1 bp	1.2–3.8 bp
RISEx BZ/USDC · live order book, 3 min ago	1.04 bp	4.0 bp	4.0 bp	3.00 bp	8.1 bp	−$8	$240K	20x	3.0 bp	2.7 bp	1.7–4.2 bp
Extended XBR-USD · live order book, 3 min ago	1.46 bp	5.0 bp	4.0 bp	2.50 bp	9.0 bp	−$9	$172K	10x	4.1 bp	4.1 bp	2.8–9.3 bp
Deribit BRENTOIL_USDC-PERPETUAL · live order book, 13 min ago	0.52 bp	6.1 bp	4.0 bp	3.50 bp	10.1 bp	−$10	$496K	15x	4.0 bp	6.0 bp	1.0–12.3 bp
Binance BZUSDT · live order book, 8 min ago	0.52 bp	5.5 bp	5.5 bp	5.00 bp	11.0 bp	−$11	$14.2M	100x	1.0 bp	1.0 bp	1.0–1.2 bp
OKX BZ-USDT-SWAP · live order book, 3 min ago	0.52 bp	6.9 bp	5.8 bp	5.00 bp	12.8 bp	−$13	$1.8M	50x	2.2 bp	2.3 bp	1.2–4.2 bp
Aster BZUSDT · live order book, 2 min ago	1.56 bp	5.6 bp	7.2 bp	4.00 bp	12.8 bp	−$13	$1.1M	50x	4.4 bp	4.0 bp	3.0–7.7 bp
Polymarket Perps BRENTOIL-USD · live order book, 3 min ago	2.44 bp	6.4 bp	6.4 bp	4.00 bp	12.9 bp	−$13	$1.1M	20x	5.6 bp	5.7 bp	4.2–8.4 bp
Coinbase International BRENTOIL-PERP-INTX · live order book, 33 min ago	2.09 bp	8.1 bp	7.1 bp	5.00 bp	15.2 bp	−$15	$496K	15x	4.3 bp	4.1 bp	1.5–6.1 bp
Bitget BZUSDT · live order book, 3 min ago	0.52 bp	7.5 bp	8.0 bp	6.00 bp	15.5 bp	−$16	$7.0M	100x	3.9 bp	5.0 bp	2.7–6.8 bp
BloFin BZ-USDT · live order book, 2 min ago	0.52 bp	6.9 bp	8.9 bp	6.00 bp	15.8 bp	−$16	$2.6M	50x	3.1 bp	3.2 bp	1.0–5.9 bp
Bybit BZUSDT · live order book, 3 min ago	0.52 bp	7.8 bp	8.8 bp	5.50 bp	16.6 bp	−$17	$1.3M	100x	5.9 bp	9.2 bp	6.9–11.0 bp
HTX BRENTOIL-USDT · live order book, 31 min ago	2.62 bp	8.6 bp	9.6 bp	6.00 bp	18.3 bp	−$18	$759K	75x	6.2 bp	6.1 bp	5.1–8.7 bp
tradeXYZ xyz:BRENTOIL · live order book, 4 min ago	0.05 bp	9.1 bp	9.7 bp	9.00 bp	18.8 bp	−$19	$142K	20x	1.4 bp	1.9 bp	0.5–3.2 bp
Gate BZ_USDT · live order book, 3 min ago	0.52 bp	10.6 bp	13.7 bp	7.50 bp	24.3 bp	−$24	$16.0M	100x	8.5 bp	10.1 bp	6.1–14.3 bp
edgeX BZUSDC · live order book, 31 min ago	10.47 bp	15.0 bp	15.0 bp	4.50 bp	29.9 bp	−$30	$1.2M	20x	20.5 bp	21.9 bp	21.6–22.0 bp
KuCoin BZUSDTM · live order book, 7 min ago	2.61 bp	17.1 bp	16.9 bp	6.00 bp	34.0 bp	−$34	$218K	50x	15.4 bp	18.4 bp	10.6–31.1 bp
Kraken Futures PF_BRENTOILUSD · live order book, 32 min ago	5.60 bp	14.4 bp	20.9 bp	5.00 bp	35.3 bp	−$35	$214K	20x	26.1 bp	26.7 bp	19.5–43.8 bp
ApeX Omni BZUSDT · live order book, 31 min ago	8.90 bp	21.3 bp	19.9 bp	5.00 bp	41.2 bp	−$41	$128K	50x	31.0 bp	30.5 bp	28.5–31.8 bp
SunX BRENTOIL-USDT · live order book, 7 min ago	53.62 bp	58.6 bp	61.8 bp	5.00 bp	120.5 bp	−$120	$78K	20x	41.0 bp	40.9 bp	40.1–42.2 bp
Variational Omni BZ	2.63 bp	the book does not hold this size
Ondo Perps BRENT-USD.P	—	no order-book sample in the last 90 minutes
Phemex XBRUSDT	11.40 bp	the book does not hold this size (about $6.5k a side)
GMX BRENTOIL/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Hotstuff BRENTOIL-PERP	—	below $100k OI and volume: not sampled
Injective BRENT/USDC PERP	—	below $100k OI and volume: not sampled
Aftermath Perps BRENTUSD	—	below $100k OI and volume: not sampled
Paradex BZ-USD-PERP	—	below $100k OI and volume: not sampled
Vest BZ-PERP	—	no order-book sample in the last 90 minutes
gTrade (Gains Network) BRENT/USD	—	no public order book; price impact follows the exchange's formula

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.