Entry cost

JPM marketsRWA

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

Asset

Cheapest round trip on $10kBinance24.9 bp

You pay, in and out−$25

Second cheapest costs+$1.97 more

Venues that fill it7of 14

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 JPMUSDT · live order book, 27 min agocheapest	352.39	0.050%/0.020%	0.43 bp	12.7 bp	12.3 bp	24.9 bp	−$25	$438K	$500 20x	18.9 bp	21.2 bp	13.1-26.7 bp
edgeX JPMUSDC · live order book, 51 min ago	352.35	0.045%/0.040%	5.25 bp	13.2 bp	13.7 bp	26.9 bp	−$27	$58K	$1,000 10x	21.6 bp	110.6 bp	107.7-113.5 bp
Bitget JPMUSDT · live order book, 44 min ago	352.23	0.060%/0.020%	9.94 bp	29.5 bp	33.1 bp	62.6 bp	−$63	$606K	$500 20x	53.7 bp	69.9 bp	51.1-96.9 bp
Bybit JPMUSDT · live order book, 5 min ago	352.50	0.055%/0.020%	3.12 bp	31.4 bp	40.6 bp	72.1 bp	−$72	$51K	$400 25x	73.0 bp	86.1 bp	46.9-120.4 bp
Gate JPM_USDT · live order book, 51 min ago	352.42	0.075%/0.020%	5.39 bp	178.6 bp	25.3 bp	203.8 bp	−$204	$20K	$400 25x	57.0 bp	260.7 bp	128.4-413.6 bp
QFEX JPM-USD · live order book, 2 min ago	352.18	0.050%/0.020%	126.28 bp	132.0 bp	132.1 bp	264.1 bp	−$264	$98K	$1,000 10x	10.9 bp	59.8 bp	6.5-308.5 bp
KuCoin JPMUSDTM · live order book, 24 min ago	352.18	0.060%/0.020%	19.16 bp	526.0 bp	160.5 bp	686.5 bp	−$686	$36K	$500 20x	1159.1 bp	1268.9 bp	869.6-1702.1 bp
Variational Omni JPM	352.38	0.000%/0.000%	3.22 bp	the book does not hold this size
BloFin JPM-USDT	352.28	0.060%/0.020%	—	below $100k OI and volume: not sampled
Injective JPM/USDC PERP	348.86	0.000%/—	—	below $100k OI and volume: not sampled
HTX JPM-USDT	352.19	0.060%/0.020%	—	below $100k OI and volume: not sampled
GRVT JPM_USDT_Perp	352.34	0.045%/0.000%	—	below $100k OI and volume: not sampled
Aster JPMUSDT	352.37	0.040%/0.000%	—	below $100k OI and volume: not sampled
SunX JPM-USDT	352.43	0.040%/0.020%	500.08 bp	the book does not hold this size (about $1k 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.