Entry cost

EBAY marketsRWA

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

Asset

Cheapest round trip on $10kBinance49.6 bp

You pay, in and out−$50

Second cheapest costs+$22 more

Venues that fill it5of 9

Margin at 20x$500

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
Binance EBAYUSDT · live order book, 58 min agocheapest	108.51	0.050%/0.020%	5.97 bp	19.1 bp	30.5 bp	49.6 bp	−$50	$321K	$500 20x	47.5 bp	58.6 bp	44.8-74.2 bp
Gate EBAY_USDT · live order book, 17 min ago	108.58	0.075%/0.020%	20.70 bp	36.3 bp	35.4 bp	71.7 bp	−$72	$38K	$500 20x	156.5 bp	193.9 bp	120.2-319.3 bp
tradeXYZ xyz:EBAY · live order book, 8 min ago	108.63	0.090%/0.030%	9.68 bp	37.6 bp	57.2 bp	94.8 bp	−$95	$20K	$1,000 10x	41.3 bp	59.3 bp	49.7-71.5 bp
SunX EBAY-USDT · live order book, 4 min ago	108.51	0.040%/0.020%	46.02 bp	67.4 bp	137.8 bp	205.3 bp	−$205	$20K	$1,000 10x	177.2 bp	221.8 bp	181.0-271.9 bp
QFEX EBAY-USD · live order book, 3 min ago	108.97	0.050%/0.020%	106.44 bp	318.5 bp	111.4 bp	430.0 bp	−$430	$293K	$1,000 10x	67.9 bp	2561.9 bp	2561.9-2561.9 bp
Bybit EBAYUSDT	108.58	0.055%/0.020%	—	below $100k OI and volume: not sampled
Variational Omni EBAY	108.49	0.000%/0.000%	—	below $100k OI and volume: not sampled
HTX EBAY-USDT	108.45	0.060%/0.020%	—	below $100k OI and volume: not sampled
Aster EBAYUSDT	108.62	0.040%/0.000%	—	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.