Entry cost

Cost to open and close $10k of HUT, by exchange.

AssetTypeSize5 of 10 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
Phemex HUTUSDT · live order book, 64 min agocheapest	10.11 bp	46.5 bp	60.0 bp	6.00 bp	106.4 bp	−$106	$48K	10x	92.6 bp	92.6 bp	79.2–106.4 bp
Bitget HUTUSDT · live order book, 12 min ago	18.25 bp	25.8 bp	85.4 bp	6.00 bp	111.2 bp	−$111	$407K	20x	68.4 bp	88.0 bp	64.3–137.2 bp
Binance HUTUSDT · live order book, 5 min ago	5.78 bp	53.1 bp	59.3 bp	5.00 bp	112.4 bp	−$112	$51K	20x	102.5 bp	99.8 bp	72.8–148.8 bp
OKX HUT-USDT-SWAP · live order book, 7 min ago	12.95 bp	63.6 bp	109.5 bp	5.00 bp	173.1 bp	−$173	$42K	20x	76.4 bp	67.4 bp	35.9–91.7 bp
QFEX HUT-USD · live order book, 4 min ago	78.11 bp	104.1 bp	103.1 bp	5.00 bp	207.2 bp	−$207	$985K	10x	97.4 bp	2550.8 bp	2550.8–2550.8 bp
BloFin HUT-USDT	—	below $100k OI and volume: not sampled
Gate HUT_USDT	—	below $100k OI and volume: not sampled
Bybit HUTUSDT	—	below $100k OI and volume: not sampled
HTX HUT-USDT	14.44 bp	the book does not hold this size (about $8.7k a side)
SunX HUT-USDT	30.81 bp	the book does not hold this size (about $8.2k 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. Fees are each exchange's base taker tier. 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.