Entry cost

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

AssetTypeSize41 of 54 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 ETH · live order book, 4 min agocheapest	0.13 bp	0.6 bp	0.5 bp	0.00 bp	1.1 bp	−$1	$26.5M	50x	0.9 bp	0.9 bp	0.3–1.4 bp
Lighter RH ETH · live order book, 4 min ago	0.38 bp	0.4 bp	1.3 bp	0.00 bp	1.7 bp	−$2	$2.9M	50x	1.8 bp	1.7 bp	1.0–2.4 bp
MEXC ETH_USDT · live order book, 4 min ago	0.22 bp	1.2 bp	1.2 bp	1.00 bp	2.4 bp	−$2	$298.4M	500x	0.0 bp	0.0 bp	0.0–0.0 bp
Extended ETH-USD · live order book, 4 min ago	0.55 bp	3.0 bp	3.4 bp	2.50 bp	6.5 bp	−$6	$7.5M	50x	0.4 bp	0.4 bp	0.4–0.4 bp
Bulk ETH-USD · live order book, 4 min ago	0.02 bp	3.5 bp	3.5 bp	3.50 bp	7.0 bp	−$7	$230.8M	25x	0.0 bp	0.0 bp	0.0–0.1 bp
Nado ETH-PERP · live order book, 4 min ago	0.18 bp	3.7 bp	3.7 bp	3.50 bp	7.4 bp	−$7	$9.3M	50x	0.4 bp	0.4 bp	0.4–0.4 bp
Arcus ETH-USD · live order book, 4 min ago	0.02 bp	2.4 bp	5.1 bp	2.25 bp	7.5 bp	−$7	$597K	25x	1.9 bp	1.8 bp	0.1–3.8 bp
gTrade (Gains Network) ETH/USD · virtual book (oracle venue), 4 min ago	0.51 bp	4.0 bp	4.0 bp	3.50 bp	8.1 bp	−$8	$50.0M	200x	1.1 bp	1.1 bp	1.1–1.1 bp
SoDEX ETH-USD · live order book, 4 min ago	0.18 bp	4.2 bp	4.2 bp	4.00 bp	8.4 bp	−$8	$10.5M	40x	0.4 bp	0.4 bp	0.4–0.4 bp
Phoenix ETH · live order book, 3 min ago	0.18 bp	4.3 bp	4.2 bp	3.50 bp	8.5 bp	−$8	$1.9M	25x	1.5 bp	1.4 bp	1.1–1.8 bp
Pacifica ETH · live order book, 4 min ago	0.18 bp	4.2 bp	4.8 bp	4.00 bp	9.0 bp	−$9	$164K	50x	0.4 bp	0.4 bp	0.4–0.4 bp
Deribit ETH-PERPETUAL · live order book, 4 min ago	0.92 bp	4.5 bp	5.3 bp	3.50 bp	9.8 bp	−$10	$11.1M	50x	1.2 bp	1.4 bp	0.2–2.9 bp
Hyperliquid ETH · live order book, 4 min ago	0.18 bp	5.3 bp	4.7 bp	4.50 bp	10.0 bp	−$10	$1.6M	25x	0.4 bp	0.4 bp	0.4–0.7 bp
Binance ETHUSDT · live order book, 14 min ago	0.02 bp	5.0 bp	5.0 bp	5.00 bp	10.0 bp	−$10	$18.1M	150x	0.0 bp	0.0 bp	0.0–0.0 bp
edgeX ETHUSDC · live order book, 4 min ago	0.07 bp	5.2 bp	4.9 bp	4.50 bp	10.1 bp	−$10	$65.6M	100x	0.8 bp	0.8 bp	0.4–1.6 bp
Aster ETHUSDT · live order book, 4 min ago	1.02 bp	5.1 bp	5.0 bp	4.00 bp	10.1 bp	−$10	$65.7M	200x	0.2 bp	0.2 bp	0.0–1.4 bp
Polymarket Perps ETH-USD · live order book, 4 min ago	0.92 bp	5.3 bp	4.9 bp	4.00 bp	10.2 bp	−$10	$3.2M	50x	1.0 bp	0.9 bp	0.4–2.3 bp
OKX ETH-USDT-SWAP · live order book, 4 min ago	0.02 bp	5.0 bp	5.3 bp	5.00 bp	10.4 bp	−$10	$17.8M	100x	0.0 bp	0.0 bp	0.0–0.0 bp
BingX ETH-USDT · live order book, 14 min ago	0.04 bp	5.2 bp	5.2 bp	5.00 bp	10.4 bp	−$10	$495.9M	—	0.2 bp	0.2 bp	0.1–0.4 bp
Backpack ETH_USDC_PERP · live order book, 4 min ago	0.02 bp	5.4 bp	5.0 bp	5.00 bp	10.5 bp	−$10	$2.7M	50x	0.0 bp	0.1 bp	0.0–1.6 bp
Coinbase International ETH-PERP-INTX · live order book, 4 min ago	0.02 bp	5.7 bp	5.0 bp	5.00 bp	10.7 bp	−$11	$13.2M	50x	0.0 bp	0.0 bp	0.0–0.0 bp
Bybit ETHUSDT · live order book, 4 min ago	0.02 bp	5.8 bp	5.5 bp	5.50 bp	11.4 bp	−$11	$21.9M	150x	0.0 bp	0.0 bp	0.0–0.3 bp
Bullet ETH-USD · live order book, 4 min ago	0.18 bp	6.8 bp	5.0 bp	4.00 bp	11.8 bp	−$12	$493K	20x	2.6 bp	2.6 bp	1.5–4.7 bp
Kalshi KXETHPERP · live order book, 4 min ago	0.37 bp	5.9 bp	5.9 bp	5.00 bp	11.8 bp	−$12	$9.2M	4.9x	1.2 bp	1.1 bp	0.6–2.7 bp
SunX ETH-USDT · live order book, 4 min ago	0.75 bp	6.1 bp	5.8 bp	5.00 bp	11.9 bp	−$12	$1.8M	100x	3.6 bp	3.7 bp	1.9–6.6 bp
Bitget ETHUSDT · live order book, 4 min ago	0.02 bp	6.0 bp	6.0 bp	6.00 bp	12.0 bp	−$12	$3.7M	150x	0.0 bp	0.0 bp	0.0–0.0 bp
HTX ETH-USDT · live order book, 4 min ago	0.02 bp	6.0 bp	6.0 bp	6.00 bp	12.0 bp	−$12	$12.5M	200x	0.0 bp	0.0 bp	0.0–0.0 bp
StandX ETH-USD · live order book, 4 min ago	2.01 bp	6.2 bp	6.0 bp	4.00 bp	12.2 bp	−$12	$1.3M	40x	3.0 bp	2.9 bp	2.1–4.2 bp
Phemex ETHUSDT · live order book, 4 min ago	0.15 bp	6.1 bp	6.1 bp	6.00 bp	12.3 bp	−$12	$5.0M	150x	0.0 bp	0.0 bp	0.0–0.9 bp
BloFin ETH-USDT · live order book, 4 min ago	0.15 bp	6.1 bp	6.2 bp	6.00 bp	12.3 bp	−$12	$7.8M	150x	0.1 bp	0.1 bp	0.0–0.7 bp
RISEx ETH/USDC · live order book, 4 min ago	0.02 bp	5.1 bp	7.2 bp	3.00 bp	12.3 bp	−$12	$712K	25x	1.1 bp	0.8 bp	0.0–3.3 bp
ApeX Omni ETHUSDT · live order book, 4 min ago	1.17 bp	6.2 bp	6.4 bp	5.00 bp	12.6 bp	−$13	$6.6M	100x	0.8 bp	0.7 bp	0.1–2.8 bp
Kraken Futures PF_ETHUSD · live order book, 4 min ago	0.55 bp	6.4 bp	6.3 bp	5.00 bp	12.7 bp	−$13	$32.2M	100x	1.7 bp	1.6 bp	0.6–2.6 bp
KuCoin ETHUSDTM · live order book, 4 min ago	0.02 bp	7.0 bp	6.0 bp	6.00 bp	13.0 bp	−$13	$1.6M	100x	0.2 bp	0.2 bp	0.0–1.3 bp
Gate ETH_USDT · live order book, 4 min ago	0.02 bp	7.5 bp	7.5 bp	7.50 bp	15.0 bp	−$15	$6.8M	200x	0.0 bp	0.0 bp	0.0–0.0 bp
Hibachi ETH/USDT-P · live order book, 4 min ago	1.43 bp	7.5 bp	10.5 bp	4.50 bp	18.0 bp	−$18	$535K	20x	3.5 bp	2.3 bp	0.8–5.8 bp
dYdX ETH-USD · live order book, 4 min ago	4.76 bp	9.8 bp	9.8 bp	5.00 bp	19.5 bp	−$20	$42.1M	50x	5.1 bp	4.0 bp	2.0–13.0 bp
Aevo ETH-PERP · live order book, 4 min ago	8.36 bp	17.0 bp	16.4 bp	8.00 bp	33.5 bp	−$33	$1.2M	20x	12.2 bp	8.0 bp	6.7–12.0 bp
Paradex ETH-USD-PERP · live order book, 4 min ago	18.09 bp	20.1 bp	20.6 bp	2.00 bp	40.6 bp	−$41	$465K	50x	3.8 bp	3.5 bp	1.5–13.9 bp
Injective ETH/USDC PERP · live order book, 4 min ago	15.17 bp	15.2 bp	45.8 bp	0.01 bp	61.0 bp	−$61	$2.8M	52x	60.1 bp	60.5 bp	56.0–63.1 bp
01 Exchange ETHUSD · live order book, 4 min ago	2.74 bp	45.0 bp	48.3 bp	3.50 bp	93.3 bp	−$93	$57K	50x	6.2 bp	5.2 bp	4.0–9.6 bp
Variational Omni ETH	0.46 bp	the book does not hold this size
Derive ETH-PERP	—	no order-book sample in the last 90 minutes
Orderly PERP_ETH_USDC	—	no order-book sample in the last 90 minutes
GMX ETH/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Reya ETHRUSDPERP	—	no public order book; price impact follows the exchange's formula
Ondo Perps ETH-USD.P	—	no order-book sample in the last 90 minutes
Katana Perps ETH-USD	—	no order-book sample in the last 90 minutes
Perpl ETH	—	no order-book sample in the last 90 minutes
Aftermath Perps ETHUSD	—	below $100k OI and volume: not sampled
Bluefin ETH-PERP	—	below $100k OI and volume: not sampled
Hotstuff ETH-PERP	—	below $100k OI and volume: not sampled
Vest ETH-PERP	—	no order-book sample in the last 90 minutes
Jupiter Perps ETH-PERP	—	oracle execution: slippage not modeled, see the exchange's docs

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.