Entry cost

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

AssetTypeSize10 of 13 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
MEXC LAYER_USDT · live order book, 40 min agocheapest	0.66 bp	11.4 bp	9.9 bp	0.00 bp	21.3 bp	−$21	$1.9M	20x	25.8 bp	24.3 bp	20.8–29.4 bp
BloFin LAYER-USDT · live order book, 40 min ago	3.29 bp	17.2 bp	16.5 bp	6.00 bp	33.7 bp	−$34	$156K	50x	30.7 bp	31.2 bp	20.5–40.6 bp
BingX LAYER-USDT · live order book, 7 min ago	3.94 bp	21.0 bp	20.9 bp	5.00 bp	42.0 bp	−$42	$7.2M	—	37.5 bp	36.4 bp	29.9–45.1 bp
Binance LAYERUSDT · live order book, 5 min ago	1.97 bp	26.7 bp	19.6 bp	5.00 bp	46.3 bp	−$46	$396K	50x	37.1 bp	36.2 bp	31.0–44.3 bp
Hyperliquid LAYER · live order book, 40 min ago	0.98 bp	26.0 bp	26.7 bp	4.50 bp	52.6 bp	−$53	$10K	3x	58.7 bp	56.4 bp	38.3–71.5 bp
OKX LAYER-USDT-SWAP · live order book, 56 min ago	3.93 bp	32.7 bp	33.3 bp	5.00 bp	66.0 bp	−$66	$64K	20x	61.3 bp	56.2 bp	42.7–67.0 bp
Bitget LAYERUSDT · live order book, 1 min ago	7.86 bp	37.3 bp	31.8 bp	6.00 bp	69.1 bp	−$69	$231K	50x	46.2 bp	45.7 bp	35.3–55.3 bp
Extended LAYER-USD · live order book, 33 min ago	4.15 bp	35.0 bp	40.8 bp	2.50 bp	75.8 bp	−$76	$146K	5x	72.1 bp	71.3 bp	61.8–81.8 bp
ApeX Omni LAYERUSDT · live order book, 56 min ago	19.70 bp	50.2 bp	43.1 bp	5.00 bp	93.3 bp	−$93	$44K	50x	84.8 bp	82.0 bp	73.0–101.2 bp
Gate LAYER_USDT · live order book, 51 min ago	7.87 bp	167.6 bp	78.0 bp	7.50 bp	245.6 bp	−$246	$27K	20x	235.9 bp	201.9 bp	138.5–403.4 bp
Aster LAYERUSDT	—	below $100k OI and volume: not sampled
Kraken Futures PF_LAYERUSD	—	below $100k OI and volume: not sampled
Injective LAYER/USDC 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.