Entry cost

EWJ marketsRWA

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

Asset

Cheapest round trip on $10kMEXC25.9 bp

You pay, in and out−$26

Second cheapest costs+$1.58 more

Venues that fill it10of 16

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
MEXC EWJ_USDT · live order book, 24 min agocheapest	98.290	0.000%/0.010%	10.69 bp	10.7 bp	15.3 bp	25.9 bp	−$26	$7.9M	$500 20x	15.5 bp	13.7 bp	8.6-18.7 bp
tradeXYZ xyz:EWJ · live order book, 9 min ago	98.329	0.090%/0.030%	1.78 bp	11.2 bp	16.3 bp	27.5 bp	−$28	$70K	$500 20x	10.3 bp	15.1 bp	9.3-21.2 bp
Binance EWJUSDT · live order book, 14 min ago	98.359	0.050%/0.020%	0.51 bp	16.5 bp	13.7 bp	30.2 bp	−$30	$361K	$500 20x	15.4 bp	17.9 bp	11.6-21.6 bp
Bitget EWJUSDT · live order book, 32 min ago	98.260	0.060%/0.020%	8.66 bp	19.0 bp	17.9 bp	36.9 bp	−$37	$658K	$500 20x	22.0 bp	22.1 bp	16.4-27.2 bp
edgeX EWJUSDC · live order book, 36 min ago	98.321	0.045%/0.040%	9.16 bp	14.2 bp	28.6 bp	42.8 bp	−$43	$203K	$500 20x	15.2 bp	175.5 bp	172.1-178.6 bp
OKX EWJ-USDT-SWAP · live order book, 32 min ago	98.310	0.050%/0.020%	4.07 bp	21.0 bp	27.6 bp	48.6 bp	−$49	$36K	$500 20x	30.0 bp	34.8 bp	27.2-43.3 bp
GRVT EWJ_USDT_Perp · live order book, 35 min ago	98.293	0.045%/0.000%	2.55 bp	30.3 bp	27.9 bp	58.2 bp	−$58	$127K	$1,000 10x	33.3 bp	32.6 bp	21.1-53.4 bp
Gate EWJ_USDT · live order book, 32 min ago	98.340	0.075%/0.020%	9.17 bp	67.8 bp	47.9 bp	115.7 bp	−$116	$25K	$400 25x	41.3 bp	102.5 bp	47.0-171.9 bp
Bybit EWJUSDT · live order book, 26 min ago	98.220	0.055%/0.020%	9.67 bp	107.1 bp	24.3 bp	131.4 bp	−$131	$64K	$400 25x	59.5 bp	72.5 bp	51.2-107.0 bp
KuCoin EWJUSDTM · live order book, 26 min ago	98.380	0.060%/0.020%	4.07 bp	155.9 bp	195.1 bp	351.0 bp	−$351	$24K	$500 20x	350.6 bp	417.3 bp	370.3-1062.3 bp
Variational Omni EWJ	98.322	0.000%/0.000%	4.26 bp	the book does not hold this size
BloFin EWJ-USDT	98.310	0.060%/0.020%	—	below $100k OI and volume: not sampled
Hotstuff EWJ-PERP	98.320	0.025%/-0.002%	—	below $100k OI and volume: not sampled
Aster EWJUSDT	98.168	0.040%/0.000%	—	below $100k OI and volume: not sampled
HTX EWJ-USDT	98.044	0.060%/0.020%	—	below $100k OI and volume: not sampled
SunX EWJ-USDT	98.282	0.040%/0.020%	500.01 bp	the book does not hold this size (about $1k a side)

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.