Entry cost

MRVL marketsRWA

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

Asset

Cheapest round trip on $10kBinance12.5 bp

You pay, in and out−$12

Second cheapest costs+$0.25 more

Venues that fill it20of 32

Margin at 50x$200

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
Binance MRVLUSDT · live order book, 12 min agocheapest	256.24	0.050%/0.020%	0.19 bp	5.8 bp	6.6 bp	12.5 bp	−$12	$2.6M	$200 50x	3.7 bp	3.4 bp	2.4-5.3 bp
QFEX MRVL-USD · live order book, 7 min ago	256.20	0.050%/0.020%	1.36 bp	6.4 bp	6.4 bp	12.7 bp	−$13	$970K	$1,000 10x	3.1 bp	2.9 bp	2.4-4.7 bp
Extended MRVL-USD · live order book, 66 min ago	256.16	0.025%/0.000%	0.97 bp	7.0 bp	7.0 bp	14.1 bp	−$14	$478K	$1,000 10x	10.1 bp	9.6 bp	8.9-10.5 bp
Polymarket Perps MRVL-USD · live order book, 1 min ago	255.95	0.040%/0.013%	2.15 bp	6.2 bp	8.1 bp	14.3 bp	−$14	$883K	$1,000 10x	8.0 bp	7.9 bp	6.0-10.5 bp
OKX MRVL-USDT-SWAP · live order book, 3 min ago	256.26	0.050%/0.020%	0.19 bp	7.4 bp	8.5 bp	15.9 bp	−$16	$724K	$200 50x	6.0 bp	5.9 bp	2.3-8.0 bp
GRVT MRVL_USDT_Perp · live order book, 1 min ago	256.64	0.045%/0.000%	1.37 bp	8.4 bp	7.7 bp	16.1 bp	−$16	$181K	$1,000 10x	8.4 bp	8.7 bp	5.3-13.0 bp
HTX MRVL-USDT · live order book, just now	256.59	0.060%/0.020%	2.93 bp	8.9 bp	8.9 bp	17.9 bp	−$18	$604K	$200 50x	5.9 bp	6.1 bp	5.8-7.2 bp
Lighter MRVL · live order book, 49 min ago	256.04	0.000%/0.000%	2.14 bp	14.8 bp	3.1 bp	17.9 bp	−$18	$2.1M	$1,000 10x	17.9 bp	19.0 bp	12.7-26.6 bp
Deribit MRVL_USDC-PERPETUAL · live order book, 2 min ago	256.06	0.035%/0.015%	5.66 bp	9.6 bp	9.2 bp	18.7 bp	−$19	$266K	$1,000 10x	13.3 bp	13.6 bp	11.3-17.6 bp
BloFin MRVL-USDT · live order book, 44 min ago	256.05	0.060%/0.020%	0.78 bp	10.0 bp	9.0 bp	19.0 bp	−$19	$382K	$200 50x	5.4 bp	5.1 bp	2.5-7.6 bp
Bitget MRVLUSDT · live order book, 3 min ago	256.31	0.060%/0.020%	1.56 bp	10.8 bp	9.3 bp	20.1 bp	−$20	$4.3M	$500 20x	7.7 bp	7.9 bp	5.6-10.0 bp
Coinbase International MRVL-PERP-INTX · live order book, 2 min ago	254.95	0.050%/—	4.88 bp	10.3 bp	9.9 bp	20.1 bp	−$20	$312K	$1,000 10x	8.6 bp	8.4 bp	5.5-12.5 bp
edgeX MRVLUSDC · live order book, 2 min ago	256.49	0.045%/0.040%	5.46 bp	10.2 bp	10.2 bp	20.4 bp	−$20	$160K	$1,000 10x	11.4 bp	86.7 bp	84.8-89.0 bp
tradeXYZ xyz:MRVL · live order book, 3 min ago	256.08	0.090%/0.030%	0.78 bp	9.8 bp	11.5 bp	21.3 bp	−$21	$85K	$1,000 10x	3.4 bp	4.4 bp	2.1-6.6 bp
Bybit MRVLUSDT · live order book, 2 min ago	256.13	0.055%/0.020%	1.37 bp	11.0 bp	14.0 bp	24.9 bp	−$25	$644K	$200 50x	12.5 bp	11.1 bp	9.1-14.4 bp
Gate MRVL_USDT · live order book, 3 min ago	256.04	0.075%/0.020%	2.54 bp	16.3 bp	16.4 bp	32.6 bp	−$33	$8.4M	$200 50x	14.1 bp	13.9 bp	8.8-21.5 bp
Aster MRVLUSDT · live order book, 66 min ago	256.12	0.040%/0.000%	2.71 bp	21.0 bp	20.3 bp	41.3 bp	−$41	$90K	$200 50x	31.7 bp	34.8 bp	30.9-42.4 bp
Nado MRVL-PERP · live order book, 2 min ago	256.10	0.035%/0.010%	8.59 bp	19.1 bp	28.4 bp	47.5 bp	−$48	$159K	$1,000 10x	36.8 bp	38.0 bp	26.9-48.9 bp
ApeX Omni MRVLUSDT · live order book, 65 min ago	256.59	0.050%/0.020%	27.89 bp	38.7 bp	41.0 bp	79.7 bp	−$80	$131K	$200 50x	66.3 bp	66.2 bp	60.7-72.6 bp
KuCoin MRVLUSDTM · live order book, 13 min ago	256.34	0.060%/0.020%	4.30 bp	94.1 bp	132.3 bp	226.4 bp	−$226	$41K	$500 20x	132.1 bp	158.1 bp	123.2-234.3 bp
Variational Omni MRVL	256.11	0.000%/0.000%	2.73 bp	the book does not hold this size
Ondo Perps MRVL-USD.P	256.11	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Arcus MRVL-USD	256.15	0.022%/0.000%	—	below $100k OI and volume: not sampled
Phoenix MRVL	256.70	0.035%/0.005%	—	below $100k OI and volume: not sampled
Injective MRVL/USDC PERP	258.64	0.000%/—	—	below $100k OI and volume: not sampled
SunX MRVL-USDT	256.23	0.040%/0.020%	44.81 bp	the book does not hold this size (about $7.6k a side)
Orderly PERP_MRVL_USDC_mythos	256.13	0.030%/0.000%	—	below $100k OI and volume: not sampled
Aftermath Perps MRVLUSD	256.16	0.045%/-0.005%	—	below $100k OI and volume: not sampled
SoDEX MRVL-USD	256.08	0.040%/0.012%	—	below $100k OI and volume: not sampled
Aevo MRVL-PERP	256.07	0.080%/0.050%	—	below $100k OI and volume: not sampled
Paradex MRVL-USD-PERP	256.14	0.020%/0.000%	—	below $100k OI and volume: not sampled
Vest MRVL-USD-PERP	256.41	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.