Entry cost

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

AssetTypeSize10 of 17 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
QFEX IREN-USD · live order book, 1 min agocheapest	2.11 bp	11.3 bp	9.2 bp	5.00 bp	20.6 bp	−$21	$196K	10x	10.5 bp	10.5 bp	7.2–110.1 bp
Binance IRENUSDT · live order book, 13 min ago	3.17 bp	12.2 bp	13.9 bp	5.00 bp	26.1 bp	−$26	$1.3M	25x	17.7 bp	18.2 bp	14.3–23.3 bp
tradeXYZ xyz:IREN · live order book, 8 min ago	2.11 bp	13.7 bp	13.1 bp	9.00 bp	26.8 bp	−$27	$55K	10x	10.8 bp	10.9 bp	7.5–16.4 bp
Paragon para:IREN · live order book, 35 min ago	10.82 bp	19.6 bp	18.9 bp	5.00 bp	38.5 bp	−$38	$325K	10x	43.8 bp	43.2 bp	33.5–51.0 bp
Bitget IRENUSDT · live order book, 10 min ago	7.50 bp	17.7 bp	22.1 bp	6.00 bp	39.8 bp	−$40	$656K	20x	31.5 bp	38.3 bp	24.3–51.9 bp
Gate IREN_USDT · live order book, 2 min ago	7.40 bp	24.2 bp	17.5 bp	7.50 bp	41.7 bp	−$42	$1.8M	25x	35.9 bp	36.0 bp	21.2–100.5 bp
Bybit IRENUSDT · live order book, 5 min ago	2.12 bp	17.0 bp	26.9 bp	5.50 bp	44.0 bp	−$44	$299K	25x	49.3 bp	47.5 bp	33.3–67.4 bp
OKX IREN-USDT-SWAP · live order book, 65 min ago	4.20 bp	12.6 bp	31.6 bp	5.00 bp	44.1 bp	−$44	$103K	25x	69.4 bp	69.5 bp	32.9–86.1 bp
KuCoin IRENUSDTM · live order book, 39 min ago	15.78 bp	43.9 bp	34.8 bp	6.00 bp	78.7 bp	−$79	$75K	20x	89.1 bp	81.6 bp	65.8–117.1 bp
SunX IREN-USDT · live order book, 16 min ago	24.22 bp	46.0 bp	96.0 bp	5.00 bp	142.0 bp	−$142	$26K	10x	129.0 bp	127.4 bp	122.2–144.4 bp
Variational Omni IREN	3.51 bp	the book does not hold this size
Lighter RH IREN	—	below $100k OI and volume: not sampled
Aster IRENUSDT	—	below $100k OI and volume: not sampled
HTX IREN-USDT	—	below $100k OI and volume: not sampled
Extended IREN_24_5-USD	—	below $100k OI and volume: not sampled
Phoenix IREN	—	below $100k OI and volume: not sampled
Vest IREN-USD-PERP	—	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. 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.