Entry cost

META marketsRWA

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

Asset

Cheapest round trip on $10kLighter2.2 bp

You pay, in and out−$2.21

Second cheapest costs+$1.11 more

Venues that fill it27of 37

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
Lighter META · live order book, 9 min agocheapest	747.63	0.000%/0.000%	0.80 bp	1.3 bp	0.9 bp	2.2 bp	−$2.21	$916K	$500 20x	1.8 bp	1.5 bp	0.7-2.5 bp
Lighter RH META · live order book, 5 min ago	747.50	0.000%/0.000%	1.34 bp	1.8 bp	1.5 bp	3.3 bp	−$3.32	$1.0M	$500 20x	4.5 bp	4.2 bp	3.1-5.2 bp
Popdex METAUSDT · live order book, 25 min ago	747.53	0.032%/0.010%	0.87 bp	5.7 bp	4.3 bp	10.1 bp	−$10	$445K	$500 20x	2.9 bp	1.9 bp	1.3-4.4 bp
Extended META_24_5-USD · live order book, 5 min ago	747.21	0.025%/0.000%	0.54 bp	5.5 bp	5.5 bp	11.0 bp	−$11	$709K	$600 17x	6.0 bp	6.0 bp	5.4-6.7 bp
Polymarket Perps META-USD · live order book, 24 min ago	747.14	0.040%/0.013%	0.54 bp	6.8 bp	4.7 bp	11.6 bp	−$12	$2.2M	$1,000 10x	6.0 bp	5.6 bp	2.9-8.5 bp
Binance METAUSDT · live order book, 15 min ago	747.44	0.050%/0.020%	0.60 bp	6.2 bp	6.7 bp	12.9 bp	−$13	$1.8M	$500 20x	2.0 bp	2.3 bp	0.8-3.8 bp
QFEX META-USD · live order book, 6 min ago	747.56	0.050%/0.020%	1.67 bp	6.7 bp	6.7 bp	13.3 bp	−$13	$1.2M	$1,000 10x	3.5 bp	5.4 bp	4.4-6.5 bp
Deribit META_USDC-PERPETUAL · live order book, 25 min ago	747.42	0.035%/0.015%	0.07 bp	10.3 bp	3.6 bp	13.9 bp	−$14	$308K	$1,000 10x	7.9 bp	8.4 bp	5.4-10.3 bp
BloFin META-USDT · live order book, 4 min ago	747.50	0.060%/0.020%	0.74 bp	7.3 bp	7.2 bp	14.5 bp	−$15	$430K	$500 20x	2.5 bp	2.6 bp	1.0-5.5 bp
GRVT META_USDT_Perp · live order book, 24 min ago	747.41	0.045%/0.000%	0.94 bp	8.4 bp	7.4 bp	15.8 bp	−$16	$251K	$1,000 10x	6.0 bp	6.5 bp	4.3-9.8 bp
Coinbase International META-PERP-INTX · live order book, 6 min ago	746.24	0.050%/—	1.94 bp	7.8 bp	8.5 bp	16.3 bp	−$16	$464K	$1,000 10x	5.9 bp	6.6 bp	4.6-9.7 bp
Phoenix META · live order book, 5 min ago	748.05	0.035%/0.005%	2.41 bp	8.9 bp	8.9 bp	17.7 bp	−$18	$509K	$500 20x	9.9 bp	9.5 bp	9.0-11.5 bp
Bybit METAUSDT · live order book, 5 min ago	747.48	0.055%/0.020%	2.35 bp	10.0 bp	9.2 bp	19.1 bp	−$19	$642K	$100 100x	9.4 bp	9.0 bp	7.0-10.4 bp
OKX META-USDT-SWAP · live order book, 5 min ago	747.49	0.050%/0.020%	0.20 bp	10.2 bp	9.0 bp	19.3 bp	−$19	$548K	$500 20x	9.3 bp	8.9 bp	4.6-12.1 bp
tradeXYZ xyz:META · live order book, 6 min ago	748.00	0.090%/0.030%	0.34 bp	9.7 bp	9.7 bp	19.5 bp	−$19	$74K	$500 20x	1.4 bp	1.9 bp	0.9-2.7 bp
edgeX METAUSDC · live order book, 25 min ago	747.20	0.045%/0.040%	5.50 bp	10.1 bp	10.1 bp	20.2 bp	−$20	$156K	$1,000 10x	10.6 bp	85.5 bp	83.2-87.1 bp
Bitget METAUSDT · live order book, 5 min ago	747.58	0.060%/0.020%	0.54 bp	10.4 bp	10.2 bp	20.7 bp	−$21	$3.7M	$100 100x	7.9 bp	7.8 bp	5.3-10.3 bp
Arcus META-USD · live order book, 25 min ago	746.97	0.022%/0.000%	2.55 bp	10.1 bp	10.9 bp	21.1 bp	−$21	$499K	$1,000 10x	8.8 bp	15.7 bp	13.0-18.1 bp
Nado META-PERP · live order book, 25 min ago	746.84	0.035%/0.010%	0.40 bp	14.6 bp	10.7 bp	25.2 bp	−$25	$373K	$500 20x	12.1 bp	20.4 bp	9.6-29.7 bp
Gate META_USDT · live order book, 5 min ago	747.03	0.075%/0.020%	4.49 bp	14.4 bp	15.2 bp	29.7 bp	−$30	$255K	$100 100x	17.9 bp	19.7 bp	13.5-26.0 bp
HTX META-USDT · live order book, 24 min ago	747.78	0.060%/0.020%	12.68 bp	19.0 bp	18.7 bp	37.7 bp	−$38	$697K	$333 30x	8.1 bp	6.7 bp	5.4-8.5 bp
ApeX Omni METAUSDT · live order book, 22 min ago	746.69	0.050%/0.020%	2.62 bp	29.1 bp	23.7 bp	52.8 bp	−$53	$109K	$200 50x	37.1 bp	38.7 bp	23.9-54.9 bp
Injective META/USDC PERP · live order book, 25 min ago	753.38	0.000%/—	15.27 bp	15.3 bp	40.3 bp	55.6 bp	−$56	$51K	$333 30x	51.3 bp	68.8 bp	49.5-1520.9 bp
SunX META-USDT · live order book, 6 min ago	747.87	0.040%/0.020%	28.07 bp	32.1 bp	32.1 bp	64.1 bp	−$64	$95K	$500 20x	56.3 bp	56.3 bp	55.3-79.2 bp
Phemex METAUSDT · live order book, 5 min ago	747.66	0.060%/0.010%	1.61 bp	40.0 bp	37.9 bp	77.8 bp	−$78	$22K	$1,000 10x	76.5 bp	74.0 bp	63.9-85.4 bp
Aster METAUSDT · live order book, 24 min ago	746.77	0.040%/0.000%	13.36 bp	65.0 bp	19.7 bp	84.8 bp	−$85	$27K	$500 20x	54.5 bp	46.4 bp	39.3-76.3 bp
KuCoin METAUSDTM · live order book, 2 min ago	746.94	0.060%/0.020%	5.02 bp	45.7 bp	47.9 bp	93.6 bp	−$94	$34K	$500 20x	56.9 bp	94.9 bp	64.8-204.3 bp
Variational Omni META	746.46	0.000%/0.000%	3.16 bp	the book does not hold this size
Ondo Perps META-USD.P	747.23	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Aftermath Perps METAUSD	747.84	0.045%/-0.005%	—	below $100k OI and volume: not sampled
Hotstuff META-PERP	747.74	0.025%/-0.002%	—	below $100k OI and volume: not sampled
SoDEX META-USD	747.71	0.040%/0.012%	—	below $100k OI and volume: not sampled
Orderly PERP_META_USDC_mythos	747.30	0.030%/0.000%	—	below $100k OI and volume: not sampled
Aevo META-PERP	747.53	0.080%/0.050%	—	below $100k OI and volume: not sampled
Pacifica META	746.67	0.040%/0.015%	—	below $100k OI and volume: not sampled
Paradex META-USD-PERP	747.23	0.020%/0.000%	—	below $100k OI and volume: not sampled
Vest META-USD-PERP	747.92	0.010%/0.010%	—	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. 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.