Entry cost

COIN marketsRWA

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

Asset

Cheapest round trip on $10kLighter2.8 bp

You pay, in and out−$2.78

Second cheapest costs+$6.70 more

Venues that fill it17of 25

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 COIN · live order book, 4 min agocheapest	197.72	0.000%/0.000%	0.63 bp	2.1 bp	0.7 bp	2.8 bp	−$2.78	$858K	$1,000 10x	2.2 bp	2.2 bp	1.3-3.6 bp
Lighter RH COIN · live order book, 5 min ago	197.72	0.000%/0.000%	3.79 bp	4.9 bp	4.5 bp	9.5 bp	−$9.48	$339K	$1,000 10x	7.3 bp	6.0 bp	4.2-8.2 bp
QFEX COIN-USD · live order book, 5 min ago	197.70	0.050%/0.020%	1.26 bp	6.3 bp	6.3 bp	12.6 bp	−$13	$691K	$1,000 10x	3.5 bp	3.8 bp	2.9-5.1 bp
Polymarket Perps COIN-USD · live order book, 1 min ago	197.55	0.040%/0.013%	2.28 bp	6.7 bp	6.3 bp	12.9 bp	−$13	$1.1M	$1,000 10x	5.0 bp	4.7 bp	2.7-6.3 bp
Binance COINUSDT · live order book, 10 min ago	197.76	0.050%/0.020%	0.25 bp	6.5 bp	7.9 bp	14.5 bp	−$14	$2.6M	$500 20x	6.4 bp	6.2 bp	3.8-8.3 bp
ApeX Omni COINUSDT · live order book, 50 min ago	197.60	0.050%/0.020%	2.74 bp	7.7 bp	7.7 bp	15.5 bp	−$15	$374K	$200 50x	6.0 bp	5.6 bp	5.5-6.5 bp
Extended COIN_24_5-USD · live order book, 50 min ago	197.68	0.025%/0.000%	0.25 bp	7.9 bp	7.9 bp	15.9 bp	−$16	$679K	$1,000 10x	12.2 bp	12.4 bp	11.4-13.0 bp
GRVT COIN_USDT_Perp · live order book, 1 min ago	198.03	0.045%/0.000%	1.26 bp	7.2 bp	9.7 bp	16.9 bp	−$17	$269K	$1,000 10x	11.7 bp	10.8 bp	8.1-14.4 bp
edgeX COINUSDC · live order book, 50 min ago	197.81	0.045%/0.040%	5.72 bp	10.6 bp	10.6 bp	21.3 bp	−$21	$168K	$1,000 10x	12.0 bp	87.0 bp	85.1-88.1 bp
OKX COIN-USDT-SWAP · live order book, 5 min ago	197.76	0.050%/0.020%	1.77 bp	8.6 bp	12.7 bp	21.3 bp	−$21	$371K	$500 20x	13.3 bp	13.9 bp	9.5-17.7 bp
Phoenix COIN · live order book, 45 min ago	198.08	0.035%/0.005%	2.99 bp	10.9 bp	10.9 bp	21.8 bp	−$22	$415K	$1,000 10x	14.1 bp	14.7 bp	13.3-15.8 bp
tradeXYZ xyz:COIN · live order book, 11 min ago	197.68	0.090%/0.030%	1.26 bp	11.3 bp	10.7 bp	22.0 bp	−$22	$140K	$1,000 10x	4.5 bp	4.2 bp	2.3-6.2 bp
Bybit COINUSDT · live order book, 5 min ago	197.77	0.055%/0.020%	2.77 bp	13.1 bp	11.0 bp	24.0 bp	−$24	$513K	$200 50x	14.1 bp	14.1 bp	10.4-18.4 bp
Bitget COINUSDT · live order book, 1 min ago	197.87	0.060%/0.020%	1.77 bp	12.3 bp	11.9 bp	24.3 bp	−$24	$793K	$500 20x	11.2 bp	11.1 bp	8.1-13.3 bp
Gate COIN_USDT · live order book, 1 min ago	197.73	0.075%/0.020%	5.31 bp	17.3 bp	13.2 bp	30.5 bp	−$30	$157K	$200 50x	16.2 bp	16.8 bp	11.5-26.0 bp
Aster COINUSDT · live order book, 50 min ago	197.94	0.040%/0.000%	52.73 bp	72.4 bp	62.3 bp	134.7 bp	−$135	$63K	$500 20x	106.0 bp	114.3 bp	96.7-166.7 bp
KuCoin COINUSDTM · live order book, 22 min ago	197.73	0.060%/0.020%	17.21 bp	81.6 bp	55.0 bp	136.6 bp	−$137	$35K	$500 20x	178.4 bp	167.4 bp	121.9-204.1 bp
Variational Omni COIN	197.75	0.000%/0.000%	2.86 bp	the book does not hold this size
Ondo Perps COIN-USD.P	197.56	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Injective COIN/USDC PERP	197.50	0.000%/—	—	below $100k OI and volume: not sampled
Arcus COIN-USD	197.82	0.022%/0.000%	—	below $100k OI and volume: not sampled
Orderly PERP_COIN_USDC_mythos	197.71	0.030%/0.000%	—	below $100k OI and volume: not sampled
Aevo COIN-PERP	197.67	0.080%/0.050%	—	below $100k OI and volume: not sampled
SoDEX COIN-USD	197.61	0.040%/0.012%	—	below $100k OI and volume: not sampled
Vest COIN-USD-PERP	197.18	0.010%/0.010%	—	no order-book sample in the last 90 minutes

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.