Entry cost

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

AssetTypeSize19 of 28 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 LDO_USDT · live order book, 4 min agocheapest	1.16 bp	4.6 bp	4.9 bp	0.00 bp	9.5 bp	−$9	$13.4M	200x	8.9 bp	8.5 bp	5.5–11.8 bp
Polymarket Perps LDO-USD · live order book, 5 min ago	2.90 bp	7.2 bp	9.6 bp	4.00 bp	16.8 bp	−$17	$243K	5x	8.5 bp	8.6 bp	6.6–10.9 bp
Binance LDOUSDT · live order book, 3 min ago	1.16 bp	9.1 bp	15.0 bp	5.00 bp	24.2 bp	−$24	$2.3M	75x	14.5 bp	14.6 bp	10.6–18.8 bp
Hyperliquid LDO · live order book, 4 min ago	2.55 bp	12.4 bp	12.1 bp	4.50 bp	24.6 bp	−$25	$12K	5x	14.3 bp	12.1 bp	8.4–16.5 bp
OKX LDO-USDT-SWAP · live order book, 4 min ago	1.16 bp	14.3 bp	12.3 bp	5.00 bp	26.6 bp	−$27	$203K	50x	20.7 bp	20.4 bp	14.9–26.1 bp
Backpack LDO_USDC_PERP · live order book, 44 min ago	1.85 bp	14.3 bp	12.4 bp	5.00 bp	26.7 bp	−$27	$30K	10x	17.2 bp	16.8 bp	11.7–23.9 bp
BingX LDO-USDT · live order book, 2 min ago	1.15 bp	10.4 bp	18.6 bp	5.00 bp	29.0 bp	−$29	$19.2M	—	18.9 bp	16.3 bp	11.8–21.1 bp
Extended LDO-USD · live order book, 4 min ago	3.48 bp	15.4 bp	15.5 bp	2.50 bp	30.9 bp	−$31	$474K	25x	28.1 bp	27.6 bp	25.2–31.3 bp
Bybit LDOUSDT · live order book, 5 min ago	1.16 bp	15.5 bp	15.6 bp	5.50 bp	31.1 bp	−$31	$493K	50x	16.6 bp	16.5 bp	12.0–22.1 bp
BloFin LDO-USDT · live order book, 23 min ago	2.31 bp	14.4 bp	17.0 bp	6.00 bp	31.5 bp	−$31	$1.7M	75x	16.9 bp	18.0 bp	7.8–25.5 bp
Bitget LDOUSDT · live order book, 4 min ago	3.48 bp	18.5 bp	14.7 bp	6.00 bp	33.2 bp	−$33	$359K	75x	21.9 bp	22.2 bp	16.0–28.9 bp
Lighter LDO · live order book, 41 min ago	3.95 bp	24.8 bp	8.6 bp	0.00 bp	33.4 bp	−$33	$272K	10x	35.8 bp	21.1 bp	13.2–51.0 bp
ApeX Omni LDOUSDT · live order book, 44 min ago	10.41 bp	18.4 bp	18.7 bp	5.00 bp	37.2 bp	−$37	$135K	50x	23.8 bp	22.6 bp	19.3–29.2 bp
Pacifica LDO · live order book, 44 min ago	8.13 bp	23.4 bp	15.5 bp	4.00 bp	38.9 bp	−$39	$47K	10x	27.2 bp	25.8 bp	19.2–32.1 bp
Kraken Futures PF_LDOUSD · live order book, 5 min ago	13.90 bp	28.4 bp	25.1 bp	5.00 bp	53.5 bp	−$53	$109K	50x	42.9 bp	42.6 bp	32.2–59.6 bp
Gate LDO_USDT · live order book, 4 min ago	5.80 bp	27.0 bp	29.6 bp	7.50 bp	56.6 bp	−$57	$227K	50x	39.6 bp	39.5 bp	33.3–46.4 bp
KuCoin LDOUSDTM · live order book, 4 min ago	3.48 bp	33.1 bp	47.3 bp	6.00 bp	80.3 bp	−$80	$153K	50x	66.9 bp	63.3 bp	47.6–92.5 bp
Aster LDOUSDT · live order book, 43 min ago	12.82 bp	68.8 bp	29.6 bp	4.00 bp	98.4 bp	−$98	$26K	10x	70.0 bp	70.0 bp	55.5–86.2 bp
Coinbase International LDO-PERP-INTX · live order book, 44 min ago	34.94 bp	163.9 bp	177.9 bp	5.00 bp	341.7 bp	−$342	$16K	50x	317.2 bp	38.3 bp	31.6–405.7 bp
Reya LDORUSDPERP	—	no public order book; price impact follows the exchange's formula
Variational Omni LDO	4.61 bp	the book does not hold this size
dYdX LDO-USD	—	below $100k OI and volume: not sampled
Aevo LDO-PERP	—	below $100k OI and volume: not sampled
GMX LDO/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Injective LDO/USDC PERP	—	no order-book sample in the last 90 minutes
Paradex LDO-USD-PERP	—	below $100k OI and volume: not sampled
Deribit LDO_USDC-PERPETUAL	—	below $100k OI and volume: not sampled
SunX LDO-USDT	255.43 bp	the book does not hold this size (about $1.1k 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. 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.