Entry cost

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

AssetTypeSize12 of 16 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 MET_USDT · live order book, 37 min agocheapest	1.83 bp	8.0 bp	10.8 bp	2.00 bp	18.8 bp	−$19	$7.1M	20x	14.4 bp	14.0 bp	9.0–19.4 bp
Backpack MET_USDC_PERP · live order book, 45 min ago	2.58 bp	12.1 bp	17.8 bp	5.00 bp	29.9 bp	−$30	$62K	5x	17.6 bp	18.7 bp	13.7–26.0 bp
Binance METUSDT · live order book, 1 min ago	1.82 bp	18.8 bp	17.8 bp	5.00 bp	36.6 bp	−$37	$405K	50x	29.8 bp	30.6 bp	23.7–37.7 bp
Hyperliquid MET · live order book, 3 min ago	0.91 bp	18.1 bp	18.8 bp	4.50 bp	36.9 bp	−$37	$13K	3x	25.7 bp	26.0 bp	15.3–34.2 bp
OKX MET-USDT-SWAP · live order book, 3 min ago	3.64 bp	17.1 bp	25.1 bp	5.00 bp	42.3 bp	−$42	$101K	20x	35.6 bp	36.0 bp	28.1–44.2 bp
BloFin MET-USDT · live order book, 38 min ago	12.81 bp	22.0 bp	22.1 bp	6.00 bp	44.1 bp	−$44	$381K	50x	24.4 bp	25.3 bp	15.8–37.5 bp
Bitget METUSDT · live order book, 42 min ago	7.38 bp	29.2 bp	26.4 bp	6.00 bp	55.6 bp	−$56	$228K	25x	41.7 bp	40.2 bp	32.1–47.6 bp
Bybit METUSDT · live order book, 4 min ago	1.82 bp	45.9 bp	33.4 bp	5.50 bp	79.2 bp	−$79	$166K	25x	80.1 bp	95.2 bp	67.7–108.4 bp
Gate MET_USDT · live order book, 38 min ago	5.49 bp	45.5 bp	40.5 bp	7.50 bp	86.0 bp	−$86	$38K	50x	56.5 bp	54.5 bp	48.3–64.5 bp
Lighter MET · live order book, 36 min ago	2.19 bp	72.7 bp	18.4 bp	0.00 bp	91.1 bp	−$91	$220K	5x	82.9 bp	23.5 bp	17.7–82.2 bp
KuCoin METUSDTM · live order book, 3 min ago	7.29 bp	128.3 bp	135.8 bp	6.00 bp	264.0 bp	−$264	$118K	50x	190.9 bp	191.1 bp	135.0–253.2 bp
ApeX Omni METUSDT · live order book, 20 min ago	38.16 bp	272.9 bp	364.2 bp	5.00 bp	637.1 bp	−$637	$10K	50x	688.5 bp	692.8 bp	642.1–721.4 bp
Aster METUSDT	—	below $100k OI and volume: not sampled
Phoenix MET	—	below $100k OI and volume: not sampled
GMX MET/USD [WBTC.b-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
SunX MET-USDT	500.00 bp	the book does not hold this size (about $1.5k 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.