Entry cost

FWDI marketsRWA

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

Asset

Cheapest round trip on $10kQFEX70.4 bp

You pay, in and out−$70

Second cheapest costs+$32 more

Venues that fill it5of 7

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
QFEX FWDI-USD · live order book, 3 min agocheapest	8.2500	0.050%/0.020%	6.06 bp	35.2 bp	35.2 bp	70.4 bp	−$70	$154K	$1,000 10x	138.6 bp	1452.7 bp	1381.0-1502.6 bp
Binance FWDIUSDT · live order book, 16 min ago	8.2360	0.050%/0.020%	6.66 bp	33.1 bp	68.8 bp	101.9 bp	−$102	$93K	$1,000 10x	118.4 bp	115.7 bp	46.8-144.8 bp
Bitget FWDIUSDT · live order book, 53 min ago	8.2350	0.060%/0.020%	12.13 bp	59.4 bp	82.3 bp	141.7 bp	−$142	$1.3M	$2,000 5x	118.7 bp	200.0 bp	101.4-302.6 bp
OKX FWDI-USDT-SWAP · live order book, 58 min ago	8.2270	0.050%/0.020%	5.47 bp	103.8 bp	84.5 bp	188.3 bp	−$188	$18K	$1,000 10x	306.9 bp	241.4 bp	161.6-305.2 bp
Bybit FWDIUSDT · live order book, 57 min ago	8.2290	0.055%/0.020%	7.88 bp	181.8 bp	137.8 bp	319.6 bp	−$320	$124K	$400 25x	217.4 bp	199.8 bp	149.8-281.6 bp
Variational Omni FWDI	8.2374	0.000%/0.000%	8.66 bp	the book does not hold this size
HTX FWDI-USDT	8.2400	0.060%/0.020%	—	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.