Entry cost

CBRS marketsRWA

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

Asset

Cheapest round trip on $10kLighter11.4 bp

You pay, in and out−$11

Second cheapest costs+$4.41 more

Venues that fill it19of 26

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
Lighter CBRS · live order book, 58 min agocheapest	209.51	0.000%/0.000%	0.48 bp	6.7 bp	4.7 bp	11.4 bp	−$11	$646K	$1,000 10x	15.8 bp	15.8 bp	10.1-25.3 bp
Polymarket Perps CBRS-USD · live order book, 1 min ago	209.42	0.040%/0.013%	3.10 bp	7.1 bp	8.7 bp	15.8 bp	−$16	$1.2M	$1,000 10x	7.7 bp	7.6 bp	5.8-9.8 bp
QFEX CBRS-USD · live order book, 6 min ago	209.43	0.050%/0.020%	1.19 bp	9.1 bp	7.2 bp	16.2 bp	−$16	$304K	$1,000 10x	6.5 bp	5.1 bp	3.0-8.3 bp
BloFin CBRS-USDT · live order book, 44 min ago	209.39	0.060%/0.020%	0.95 bp	11.0 bp	8.9 bp	19.9 bp	−$20	$517K	$500 20x	11.7 bp	11.1 bp	7.6-15.7 bp
Binance CBRSUSDT · live order book, 9 min ago	209.57	0.050%/0.020%	0.95 bp	10.3 bp	10.1 bp	20.4 bp	−$20	$1.5M	$400 25x	11.6 bp	10.9 bp	7.6-15.6 bp
edgeX CBRSUSDC · live order book, 60 min ago	209.54	0.045%/0.040%	5.74 bp	10.7 bp	10.7 bp	21.3 bp	−$21	$161K	$1,000 10x	13.6 bp	162.2 bp	158.2-165.9 bp
Coinbase International CBRS-PERP-INTX · live order book, 60 min ago	208.44	0.050%/—	5.26 bp	11.2 bp	12.3 bp	23.4 bp	−$23	$189K	$1,000 10x	15.3 bp	12.7 bp	8.3-23.2 bp
tradeXYZ xyz:CBRS · live order book, 12 min ago	209.39	0.090%/0.030%	0.96 bp	14.7 bp	13.8 bp	28.5 bp	−$28	$12K	$1,000 10x	8.5 bp	11.4 bp	7.0-17.3 bp
Bybit CBRSUSDT · live order book, 4 min ago	209.79	0.055%/0.020%	2.63 bp	18.1 bp	18.0 bp	36.1 bp	−$36	$280K	$400 25x	30.1 bp	27.4 bp	21.9-35.6 bp
Extended CBRS_24_5-USD · live order book, 60 min ago	209.53	0.025%/0.000%	3.11 bp	16.7 bp	19.8 bp	36.5 bp	−$37	$448K	$1,000 10x	28.3 bp	28.3 bp	26.9-31.4 bp
GRVT CBRS_USDT_Perp · live order book, 60 min ago	209.60	0.045%/0.000%	2.15 bp	16.8 bp	21.2 bp	38.0 bp	−$38	$58K	$1,000 10x	22.7 bp	22.0 bp	15.0-29.9 bp
Gate CBRS_USDT · live order book, 6 min ago	209.60	0.075%/0.020%	4.77 bp	20.1 bp	18.1 bp	38.3 bp	−$38	$3.1M	$200 50x	29.8 bp	26.5 bp	17.6-48.0 bp
OKX CBRS-USDT-SWAP · live order book, 5 min ago	209.67	0.050%/0.020%	0.95 bp	22.5 bp	16.4 bp	39.0 bp	−$39	$157K	$400 25x	32.0 bp	27.9 bp	22.0-37.0 bp
Bitget CBRSUSDT · live order book, 5 min ago	209.63	0.060%/0.020%	1.91 bp	22.3 bp	20.8 bp	43.1 bp	−$43	$1.4M	$500 20x	26.2 bp	25.5 bp	16.4-31.7 bp
Aster CBRSUSDT · live order book, 59 min ago	209.46	0.040%/0.000%	5.02 bp	24.0 bp	21.8 bp	45.8 bp	−$46	$177K	$500 20x	24.4 bp	24.4 bp	16.2-39.8 bp
ApeX Omni CBRSUSDT · live order book, 58 min ago	209.36	0.050%/0.020%	24.84 bp	35.9 bp	42.0 bp	77.8 bp	−$78	$136K	$200 50x	66.2 bp	66.4 bp	61.0-76.7 bp
Phoenix CBRS · live order book, 52 min ago	209.39	0.035%/0.005%	15.30 bp	61.1 bp	63.2 bp	124.3 bp	−$124	$484K	$1,000 10x	72.3 bp	72.4 bp	64.1-94.2 bp
SunX CBRS-USDT · live order book, 10 min ago	209.98	0.040%/0.020%	30.05 bp	48.2 bp	79.5 bp	127.7 bp	−$128	$26K	$1,000 10x	119.7 bp	119.8 bp	118.4-129.2 bp
KuCoin CBRSUSDTM · live order book, 37 min ago	209.46	0.060%/0.020%	9.79 bp	228.2 bp	196.0 bp	424.2 bp	−$424	$21K	$500 20x	304.0 bp	307.9 bp	203.2-428.6 bp
Variational Omni CBRS	209.32	0.000%/0.000%	2.98 bp	the book does not hold this size
Ondo Perps CBRS-USD.P	209.60	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Deribit CBRS_USDC-PERPETUAL	209.62	0.035%/0.015%	—	below $100k OI and volume: not sampled
HTX CBRS-USDT	209.43	0.060%/0.020%	—	below $100k OI and volume: not sampled
Orderly PERP_CBRS_USDC_mythos	209.51	0.030%/0.000%	—	below $100k OI and volume: not sampled
Aevo CBRS-PERP	209.60	0.080%/0.050%	—	below $100k OI and volume: not sampled
Vest CBRS-USD-PERP	209.15	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.