Entry cost

GS marketsRWA

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

Asset

Cheapest round trip on $10kBinance44.7 bp

You pay, in and out−$45

Second cheapest costs+$52 more

Venues that fill it6of 9

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
Binance GSUSDT · live order book, 28 min agocheapest	959.90	0.050%/0.020%	4.54 bp	23.9 bp	20.7 bp	44.7 bp	−$45	$84K	$500 20x	40.8 bp	39.3 bp	26.8-60.9 bp
Bitget GSUSDT · live order book, 26 min ago	959.31	0.060%/0.020%	13.34 bp	30.5 bp	66.3 bp	96.9 bp	−$97	$533K	$500 20x	55.7 bp	53.9 bp	40.0-74.2 bp
Bybit GSUSDT · live order book, 21 min ago	957.78	0.055%/0.020%	12.95 bp	108.0 bp	63.9 bp	171.9 bp	−$172	$49K	$400 25x	118.7 bp	154.9 bp	120.2-213.7 bp
QFEX GS-USD · live order book, 4 min ago	957.76	0.050%/0.020%	77.06 bp	92.9 bp	92.7 bp	185.6 bp	−$186	$320K	$1,000 10x	22.5 bp	1307.9 bp	1293.5-1510.9 bp
Gate GS_USDT · live order book, 27 min ago	959.50	0.075%/0.020%	10.98 bp	166.4 bp	22.7 bp	189.2 bp	−$189	$18K	$500 20x	82.6 bp	215.5 bp	118.7-307.0 bp
edgeX GSUSDC · live order book, 33 min ago	959.59	0.045%/0.040%	28.08 bp	160.1 bp	155.1 bp	315.2 bp	−$315	$22K	$1,000 10x	282.0 bp	311.9 bp	299.7-329.4 bp
Injective GS/USDC PERP	988.81	0.000%/—	—	below $100k OI and volume: not sampled
HTX GS-USDT	961.47	0.060%/0.020%	—	below $100k OI and volume: not sampled
GRVT GS_USDT_Perp	958.95	0.045%/0.000%	7.35 bp	the book does not hold this size (about $6k 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.