Entry cost

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

AssetTypeSize29 of 39 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 LINK_USDT · live order book, 4 min agocheapest	1.15 bp	1.2 bp	1.4 bp	0.00 bp	2.5 bp	−$3	$53.1M	300x	1.1 bp	1.1 bp	0.8–2.0 bp
Lighter LINK · live order book, 2 min ago	1.03 bp	2.3 bp	4.5 bp	0.00 bp	6.8 bp	−$7	$1.4M	10x	6.9 bp	6.4 bp	4.2–10.2 bp
Binance LINKUSDT · live order book, 14 min ago	0.39 bp	5.4 bp	6.1 bp	5.00 bp	11.5 bp	−$11	$7.1M	75x	2.0 bp	1.9 bp	0.8–4.2 bp
Extended LINK-USD · live order book, 4 min ago	2.31 bp	4.8 bp	7.7 bp	2.50 bp	12.5 bp	−$13	$495K	25x	6.8 bp	6.8 bp	4.7–8.5 bp
edgeX LINKUSDC · live order book, 58 min ago	2.29 bp	6.8 bp	6.9 bp	4.50 bp	13.7 bp	−$14	$728K	20x	5.0 bp	5.0 bp	4.8–5.6 bp
Hyperliquid LINK · live order book, 4 min ago	0.38 bp	4.9 bp	8.9 bp	4.50 bp	13.8 bp	−$14	$143K	10x	4.3 bp	4.2 bp	1.6–6.8 bp
Nado LINK-PERP · live order book, 58 min ago	0.38 bp	7.2 bp	6.7 bp	3.50 bp	13.8 bp	−$14	$469K	10x	7.8 bp	7.5 bp	6.2–9.3 bp
Bybit LINKUSDT · live order book, 4 min ago	0.38 bp	7.3 bp	7.3 bp	5.50 bp	14.6 bp	−$15	$2.7M	75x	3.7 bp	3.5 bp	2.1–6.0 bp
Deribit LINK_USDC-PERPETUAL · live order book, 59 min ago	4.19 bp	7.7 bp	7.7 bp	3.50 bp	15.4 bp	−$15	$120K	50x	10.3 bp	10.3 bp	7.0–14.8 bp
OKX LINK-USDT-SWAP · live order book, 4 min ago	0.38 bp	8.0 bp	7.5 bp	5.00 bp	15.5 bp	−$15	$1.4M	50x	5.3 bp	5.3 bp	2.6–8.3 bp
Backpack LINK_USDC_PERP · live order book, 59 min ago	0.38 bp	7.5 bp	8.1 bp	5.00 bp	15.6 bp	−$16	$94K	15x	6.9 bp	6.2 bp	3.0–11.3 bp
Aster LINKUSDT · live order book, 3 min ago	0.38 bp	4.9 bp	11.1 bp	4.00 bp	16.0 bp	−$16	$658K	50x	11.0 bp	11.9 bp	6.3–18.2 bp
Bitget LINKUSDT · live order book, 4 min ago	0.38 bp	8.7 bp	8.4 bp	6.00 bp	17.1 bp	−$17	$2.5M	75x	4.7 bp	5.1 bp	2.6–8.1 bp
BloFin LINK-USDT · live order book, 4 min ago	3.07 bp	9.1 bp	9.1 bp	6.00 bp	18.1 bp	−$18	$4.9M	75x	2.9 bp	2.7 bp	0.8–6.1 bp
Phemex LINKUSDT · live order book, 4 min ago	1.92 bp	9.0 bp	10.4 bp	6.00 bp	19.4 bp	−$19	$504K	50x	4.1 bp	3.7 bp	1.9–6.5 bp
BingX LINK-USDC · live order book, 12 min ago	0.77 bp	10.8 bp	10.0 bp	5.00 bp	20.9 bp	−$21	$11.5M	—	11.3 bp	10.8 bp	7.1–14.7 bp
Coinbase International LINK-PERP-INTX · live order book, 4 min ago	3.46 bp	11.0 bp	11.3 bp	5.00 bp	22.2 bp	−$22	$581K	50x	14.2 bp	14.8 bp	11.6–17.3 bp
Kraken Futures PF_LINKUSD · live order book, 4 min ago	3.46 bp	10.2 bp	12.2 bp	5.00 bp	22.4 bp	−$22	$2.6M	50x	13.1 bp	12.8 bp	9.5–15.7 bp
Pacifica LINK · live order book, 58 min ago	5.72 bp	12.1 bp	12.3 bp	4.00 bp	24.3 bp	−$24	$38K	10x	14.0 bp	14.8 bp	11.5–18.2 bp
Kalshi KXLINKPERP · live order book, 3 min ago	7.26 bp	12.7 bp	14.5 bp	5.00 bp	27.2 bp	−$27	$796K	3.7x	18.1 bp	17.9 bp	13.9–21.2 bp
KuCoin LINKUSDTM · live order book, 4 min ago	0.38 bp	15.2 bp	12.8 bp	6.00 bp	28.0 bp	−$28	$1.0M	75x	12.5 bp	12.7 bp	8.3–16.5 bp
ApeX Omni LINKUSDT · live order book, 58 min ago	6.48 bp	14.8 bp	14.9 bp	5.00 bp	29.7 bp	−$30	$176K	50x	17.6 bp	17.6 bp	15.3–19.9 bp
Gate LINK_USDT · live order book, 4 min ago	1.54 bp	14.2 bp	18.3 bp	7.50 bp	32.5 bp	−$32	$5.9M	75x	14.6 bp	14.5 bp	8.8–20.7 bp
Arcus LINK-USD · live order book, 58 min ago	13.33 bp	17.5 bp	16.8 bp	2.25 bp	34.3 bp	−$34	$129K	10x	21.4 bp	17.8 bp	15.0–23.2 bp
HTX LINK-USDT · live order book, 4 min ago	19.68 bp	28.0 bp	43.9 bp	6.00 bp	71.9 bp	−$72	$523K	75x	23.6 bp	16.3 bp	10.9–25.8 bp
Aevo LINK-PERP · live order book, 59 min ago	27.80 bp	42.7 bp	38.2 bp	8.00 bp	80.9 bp	−$81	$106K	3x	61.1 bp	56.2 bp	48.0–68.0 bp
SunX LINK-USDT · live order book, 10 min ago	48.67 bp	54.0 bp	55.2 bp	5.00 bp	109.2 bp	−$109	$67K	30x	29.3 bp	29.3 bp	29.2–29.3 bp
dYdX LINK-USD · live order book, 59 min ago	94.01 bp	99.0 bp	99.0 bp	5.00 bp	198.0 bp	−$198	$39.2M	10x	177.6 bp	125.8 bp	95.5–236.1 bp
gTrade (Gains Network) LINK/USD · virtual book (oracle venue), 49 min ago	130.04 bp	141.1 bp	142.5 bp	5.00 bp	283.6 bp	−$284	$375K	150x	273.6 bp	273.6 bp	273.6–273.6 bp
Variational Omni LINK	3.11 bp	the book does not hold this size
GMX LINK/USD [LINK-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Orderly PERP_LINK_USDC	—	no order-book sample in the last 90 minutes
Polymarket Perps LINK-USD	—	below $100k OI and volume: not sampled
Paradex LINK-USD-PERP	—	below $100k OI and volume: not sampled
Derive LINK-PERP	—	below $100k OI and volume: not sampled
SoDEX LINK-USD	—	below $100k OI and volume: not sampled
Reya LINKRUSDPERP	—	no public order book; price impact follows the exchange's formula
Injective LINK/USDC PERP	49.98 bp	the book does not hold this size (about $300 a side)
Phoenix LINK	—	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.