Entry cost

GBP marketsRWA

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

Asset

Cheapest round trip on $10kMEXC9.5 bp

You pay, in and out−$9.50

Second cheapest costs+$2.83 more

Venues that fill it7of 13

Margin at 100x$100

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 GBP_USDT · live order book, 4 min agocheapest	1.3368	0.040%/0.010%	0.75 bp	4.8 bp	4.8 bp	9.5 bp	−$9.50	$7.1M	$100 100x	2.2 bp	2.2 bp	1.5-3.7 bp
Lighter GBPUSD · live order book, 56 min ago	1.3369	0.000%/0.000%	4.15 bp	8.0 bp	4.3 bp	12.3 bp	−$12	$2.3M	$200 50x	17.3 bp	34.1 bp	22.6-43.7 bp
Bybit GBPUSDUSDT · live order book, 50 min ago	1.3375	0.055%/0.020%	0.97 bp	17.0 bp	6.5 bp	23.5 bp	−$23	$267K	$100 100x	12.5 bp	38.6 bp	16.1-49.6 bp
tradeXYZ xyz:GBP · live order book, 52 min ago	1.3371	0.090%/0.030%	1.12 bp	12.5 bp	12.8 bp	25.3 bp	−$25	$212K	$200 50x	5.0 bp	20.3 bp	8.2-25.9 bp
Gate GBPUSD_USDT · live order book, 52 min ago	1.3387	0.075%/0.020%	2.62 bp	38.6 bp	11.3 bp	50.0 bp	−$50	$125K	$100 100x	76.9 bp	123.2 bp	103.2-173.7 bp
HTX GBPUSD-USDT · live order book, 58 min ago	1.3370	0.060%/0.020%	17.19 bp	23.4 bp	38.3 bp	61.7 bp	−$62	$78K	$500 20x	71.9 bp	115.2 bp	62.4-182.9 bp
SunX GBPUSD-USDT · live order book, 3 min ago	1.3372	0.040%/0.020%	81.15 bp	98.9 bp	99.9 bp	198.8 bp	−$199	$26K	$1,000 10x	190.0 bp	192.8 bp	189.9-302.8 bp
Hibachi GBP/USDT-P	1.3366	0.045%/0.000%	—	below $100k OI and volume: not sampled
Nado GBPUSD-PERP	1.3373	0.007%/0.010%	—	below $100k OI and volume: not sampled
Injective GBPUSD/USDC PERP	1.3544	0.000%/—	—	below $100k OI and volume: not sampled
Bitget GBPUSDUSDT	1.3370	0.060%/0.020%	—	below $100k OI and volume: not sampled
Kraken Futures PF_GBPUSD	1.3365	0.050%/0.020%	—	below $100k OI and volume: not sampled
Vest GBP-USD-PERP	1.3362	0.010%/0.010%	—	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.