Entry cost

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

AssetTypeSize14 of 24 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
MEXC ETHFI_USDT · live order book, 4 min agocheapest	0.68 bp	6.5 bp	7.1 bp	2.00 bp	13.6 bp	−$14	$6.3M	125x	9.4 bp	8.9 bp	6.0–11.9 bp
Lighter ETHFI · live order book, 2 min ago	4.26 bp	8.7 bp	10.3 bp	0.00 bp	19.1 bp	−$19	$515K	5x	20.6 bp	19.0 bp	14.0–23.9 bp
Binance ETHFIUSDT · live order book, 3 min ago	0.68 bp	11.7 bp	12.0 bp	5.00 bp	23.7 bp	−$24	$1.7M	75x	16.5 bp	16.7 bp	13.0–20.5 bp
BloFin ETHFI-USDT · live order book, 4 min ago	2.04 bp	14.4 bp	15.3 bp	6.00 bp	29.6 bp	−$30	$1.2M	75x	15.2 bp	15.7 bp	7.9–22.1 bp
OKX ETHFI-USDT-SWAP · live order book, 4 min ago	0.68 bp	15.0 bp	17.2 bp	5.00 bp	32.3 bp	−$32	$171K	20x	21.5 bp	21.2 bp	15.7–27.0 bp
Bitget ETHFIUSDT · live order book, 4 min ago	1.36 bp	14.6 bp	18.4 bp	6.00 bp	33.0 bp	−$33	$549K	75x	23.9 bp	23.6 bp	15.7–29.1 bp
Bybit ETHFIUSDT · live order book, 4 min ago	0.68 bp	17.8 bp	15.9 bp	5.50 bp	33.6 bp	−$34	$362K	25x	28.5 bp	29.7 bp	20.5–35.7 bp
Extended ETHFI-USD · live order book, 44 min ago	1.84 bp	17.3 bp	17.1 bp	2.50 bp	34.4 bp	−$34	$415K	10x	30.2 bp	30.4 bp	28.2–32.8 bp
BingX ETHFI-USDC · live order book, 10 min ago	2.04 bp	21.8 bp	37.0 bp	5.00 bp	58.8 bp	−$59	$10.3M	—	46.3 bp	45.8 bp	37.3–56.0 bp
Gate ETHFI_USDT · live order book, 4 min ago	6.12 bp	32.0 bp	27.5 bp	7.50 bp	59.6 bp	−$60	$118K	75x	48.4 bp	46.1 bp	36.3–58.0 bp
Kraken Futures PF_ETHFIUSD · live order book, 44 min ago	26.72 bp	33.5 bp	55.1 bp	5.00 bp	88.6 bp	−$89	$188K	20x	59.6 bp	57.1 bp	44.2–72.7 bp
KuCoin ETHFIUSDTM · live order book, 1 min ago	10.83 bp	57.4 bp	56.9 bp	6.00 bp	114.3 bp	−$114	$253K	50x	123.8 bp	108.9 bp	90.5–140.1 bp
Aster ETHFIUSDT · live order book, 43 min ago	10.96 bp	129.5 bp	29.0 bp	4.00 bp	158.5 bp	−$159	$28K	10x	57.4 bp	58.5 bp	47.8–66.3 bp
HTX ETHFI-USDT · live order book, 20 min ago	11.55 bp	128.2 bp	31.8 bp	6.00 bp	160.0 bp	−$160	$19K	20x	69.9 bp	185.4 bp	107.0–219.7 bp
Hyperliquid ETHFI	1.90 bp	the book does not hold this size (about $4k a side)
Variational Omni ETHFI	4.08 bp	the book does not hold this size
Polymarket Perps ETHFI-USD	—	below $100k OI and volume: not sampled
Deribit ETHFI_USDC-PERPETUAL	—	below $100k OI and volume: not sampled
Coinbase International ETHFI-PERP-INTX	—	below $100k OI and volume: not sampled
Orderly PERP_ETHFI_USDC	—	below $100k OI and volume: not sampled
Aevo ETHFI-PERP	—	below $100k OI and volume: not sampled
Paradex ETHFI-USD-PERP	—	below $100k OI and volume: not sampled
SunX ETHFI-USDT	500.85 bp	the book does not hold this size (about $1.1k a side)
Injective ETHFI/USDC PERP	—	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. 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.