Entry cost

GLW marketsRWA

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

Asset

Cheapest round trip on $10kQFEX15.0 bp

You pay, in and out−$15

Second cheapest costs+$6.14 more

Venues that fill it10of 17

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 GLW-USD · live order book, 6 min agocheapest	157.84	0.050%/0.020%	1.58 bp	7.2 bp	7.8 bp	15.0 bp	−$15	$185K	$1,000 10x	6.4 bp	6.4 bp	3.8-9.8 bp
Binance GLWUSDT · live order book, 5 min ago	157.92	0.050%/0.020%	1.26 bp	11.1 bp	10.1 bp	21.2 bp	−$21	$1.5M	$500 20x	12.2 bp	12.4 bp	7.6-18.1 bp
BloFin GLW-USDT · live order book, 34 min ago	158.00	0.060%/0.020%	1.27 bp	10.8 bp	13.6 bp	24.4 bp	−$24	$424K	$500 20x	12.6 bp	12.1 bp	7.9-17.5 bp
OKX GLW-USDT-SWAP · live order book, 2 min ago	157.85	0.050%/0.020%	2.21 bp	11.3 bp	21.3 bp	32.6 bp	−$33	$257K	$500 20x	13.1 bp	16.6 bp	11.6-26.6 bp
GRVT GLW_USDT_Perp · live order book, 61 min ago	157.90	0.045%/0.000%	2.87 bp	17.3 bp	16.8 bp	34.1 bp	−$34	$124K	$1,000 10x	26.1 bp	29.8 bp	17.4-39.5 bp
Bitget GLWUSDT · live order book, 1 min ago	157.92	0.060%/0.020%	3.48 bp	19.3 bp	17.3 bp	36.5 bp	−$37	$869K	$500 20x	27.5 bp	24.6 bp	17.7-34.3 bp
Paragon para:GLW · live order book, 20 min ago	157.74	0.050%/—	15.31 bp	21.1 bp	28.4 bp	49.5 bp	−$50	$297K	$1,000 10x	39.5 bp	49.8 bp	40.9-65.5 bp
Bybit GLWUSDT · live order book, 64 min ago	157.88	0.055%/0.020%	4.80 bp	16.8 bp	64.5 bp	81.3 bp	−$81	$218K	$400 25x	43.7 bp	65.5 bp	35.6-135.6 bp
Gate GLW_USDT · live order book, 2 min ago	157.81	0.075%/0.020%	9.18 bp	17.5 bp	86.1 bp	103.6 bp	−$104	$93K	$200 50x	23.2 bp	24.8 bp	18.2-45.1 bp
KuCoin GLWUSDTM · live order book, 58 min ago	157.59	0.060%/0.020%	1.60 bp	275.0 bp	439.9 bp	714.8 bp	−$715	$18K	$500 20x	775.0 bp	733.1 bp	623.3-842.2 bp
Ondo Perps GLW-USD.P	157.76	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Aster GLWUSDT	158.43	0.040%/0.000%	—	below $100k OI and volume: not sampled
HTX GLW-USDT	157.89	0.060%/0.020%	—	below $100k OI and volume: not sampled
Extended GLW-USD	157.86	0.025%/0.000%	—	below $100k OI and volume: not sampled
Orderly PERP_GLW_USDC_mythos	157.84	0.030%/0.000%	—	below $100k OI and volume: not sampled
SunX GLW-USDT	157.79	0.040%/0.020%	500.35 bp	the book does not hold this size (about $1k a side)
Vest GLW-USD-PERP	157.74	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.