Entry cost

MRNA marketsRWA

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

Asset

Cheapest round trip on $10kLighter11.6 bp

You pay, in and out−$12

Second cheapest costs+$5.52 more

Venues that fill it13of 21

Margin at 10x$1,000

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 MRNA · live order book, 2 min agocheapest	172.80	0.000%/0.000%	2.31 bp	6.9 bp	4.6 bp	11.6 bp	−$12	$1.1M	$1,000 10x	10.3 bp	9.7 bp	7.3-18.0 bp
edgeX MRNAUSDC · live order book, 43 min ago	172.73	0.045%/0.040%	1.73 bp	8.6 bp	8.5 bp	17.1 bp	−$17	$54K	$1,000 10x	12.5 bp	74.1 bp	70.9-84.8 bp
tradeXYZ xyz:MRNA · live order book, 4 min ago	172.49	0.090%/0.030%	1.16 bp	11.0 bp	16.7 bp	27.7 bp	−$28	$65K	$1,000 10x	8.8 bp	12.2 bp	7.7-17.2 bp
OKX MRNA-USDT-SWAP · live order book, 4 min ago	172.55	0.050%/0.020%	5.79 bp	14.2 bp	13.7 bp	27.9 bp	−$28	$134K	$500 20x	24.6 bp	33.5 bp	20.6-48.1 bp
Binance MRNAUSDT · live order book, 6 min ago	172.66	0.050%/0.020%	1.45 bp	11.8 bp	16.3 bp	28.1 bp	−$28	$505K	$500 20x	18.7 bp	19.1 bp	13.0-24.8 bp
QFEX MRNA-USD · live order book, 4 min ago	172.52	0.050%/0.020%	2.03 bp	13.4 bp	15.1 bp	28.5 bp	−$28	$108K	$1,000 10x	14.6 bp	1288.2 bp	1284.4-1296.1 bp
Bitget MRNAUSDT · live order book, 4 min ago	172.59	0.060%/0.020%	4.92 bp	15.6 bp	15.1 bp	30.7 bp	−$31	$537K	$500 20x	16.5 bp	13.0 bp	7.6-18.9 bp
Phoenix MRNA · live order book, 38 min ago	172.64	0.035%/0.005%	4.04 bp	22.1 bp	24.3 bp	46.4 bp	−$46	$483K	$1,000 10x	30.8 bp	29.5 bp	27.3-31.0 bp
GRVT MRNA_USDT_Perp · live order book, 39 min ago	172.71	0.045%/0.000%	2.60 bp	28.4 bp	25.3 bp	53.7 bp	−$54	$24K	$1,000 10x	40.4 bp	42.9 bp	25.8-65.3 bp
Gate MRNA_USDT · live order book, 43 min ago	172.56	0.075%/0.020%	17.05 bp	33.1 bp	26.4 bp	59.4 bp	−$59	$41K	$500 20x	29.7 bp	71.0 bp	36.5-123.5 bp
Phemex MRNAUSDT · live order book, 4 min ago	172.60	0.060%/0.010%	4.34 bp	39.3 bp	40.9 bp	80.3 bp	−$80	$13K	$500 20x	69.4 bp	68.0 bp	59.4-77.1 bp
Bybit MRNAUSDT · live order book, 6 min ago	172.56	0.055%/0.020%	6.95 bp	79.6 bp	22.5 bp	102.2 bp	−$102	$146K	$400 25x	84.2 bp	111.2 bp	63.1-170.0 bp
HTX MRNA-USDT · live order book, 44 min ago	172.52	0.060%/0.020%	6.33 bp	155.0 bp	55.3 bp	210.3 bp	−$210	$22K	$500 20x	201.7 bp	274.2 bp	202.3-317.8 bp
Variational Omni MRNA	172.66	0.000%/0.000%	—	below $100k OI and volume: not sampled
BloFin MRNA-USDT	172.82	0.060%/0.020%	—	below $100k OI and volume: not sampled
Ondo Perps MRNA-USD.P	172.47	0.025%/0.020%	—	below $100k OI and volume: not sampled
SoDEX MRNA-USD	172.59	0.040%/0.012%	—	below $100k OI and volume: not sampled
Extended MRNA-USD	172.46	0.025%/0.000%	—	below $100k OI and volume: not sampled
Aster MRNAUSDT	172.61	0.040%/0.000%	—	below $100k OI and volume: not sampled
Injective MRNA/USDC PERP	158.62	0.000%/—	—	below $100k OI and volume: not sampled
Arcus MRNA-USD	172.53	0.022%/0.000%	—	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.