Entry cost

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

AssetTypeSize24 of 33 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
Lighter RH MSFT · live order book, 1 min agocheapest	0.41 bp	2.0 bp	0.6 bp	0.00 bp	2.6 bp	−$3	$1.0M	20x	3.4 bp	3.4 bp	2.5–4.6 bp
Lighter MSFT · live order book, 3 min ago	0.91 bp	1.4 bp	2.0 bp	0.00 bp	3.4 bp	−$3	$809K	20x	3.4 bp	3.2 bp	2.1–5.0 bp
Extended MSFT_24_5-USD · live order book, 50 min ago	0.10 bp	4.8 bp	4.8 bp	2.50 bp	9.5 bp	−$10	$682K	17x	5.1 bp	5.3 bp	4.7–6.2 bp
QFEX MSFT-USD · live order book, 6 min ago	0.91 bp	5.9 bp	5.9 bp	5.00 bp	11.8 bp	−$12	$2.2M	10x	2.4 bp	2.4 bp	2.4–49.1 bp
Binance MSFTUSDT · live order book, 13 min ago	0.10 bp	6.5 bp	6.4 bp	5.00 bp	12.8 bp	−$13	$3.1M	20x	3.0 bp	3.1 bp	1.6–4.6 bp
Arcus MSFT-USD · live order book, 51 min ago	2.03 bp	8.6 bp	4.3 bp	2.25 bp	12.9 bp	−$13	$2.2M	10x	15.2 bp	14.7 bp	13.2–17.1 bp
Polymarket Perps MSFT-USD · live order book, 50 min ago	1.22 bp	7.3 bp	5.8 bp	4.00 bp	13.1 bp	−$13	$2.2M	10x	4.5 bp	5.3 bp	3.9–6.6 bp
Deribit MSFT_USDC-PERPETUAL · live order book, 7 min ago	3.95 bp	7.5 bp	7.5 bp	3.50 bp	14.9 bp	−$15	$328K	10x	7.8 bp	7.5 bp	4.4–8.9 bp
Coinbase International MSFT-PERP-INTX · live order book, 51 min ago	2.13 bp	7.1 bp	8.0 bp	5.00 bp	15.1 bp	−$15	$491K	10x	7.4 bp	11.5 bp	9.1–12.8 bp
BloFin MSFT-USDT · live order book, 43 min ago	0.10 bp	9.1 bp	6.2 bp	6.00 bp	15.3 bp	−$15	$611K	20x	3.0 bp	2.9 bp	1.3–5.2 bp
OKX MSFT-USDT-SWAP · live order book, 5 min ago	0.30 bp	7.1 bp	9.7 bp	5.00 bp	16.8 bp	−$17	$727K	20x	8.9 bp	9.3 bp	6.6–11.9 bp
Nado MSFT-PERP · live order book, 50 min ago	0.61 bp	10.6 bp	6.7 bp	3.50 bp	17.3 bp	−$17	$610K	20x	13.3 bp	15.4 bp	6.3–18.3 bp
Bitget MSFTUSDT · live order book, just now	0.91 bp	9.9 bp	8.0 bp	6.00 bp	17.8 bp	−$18	$1.4M	100x	7.7 bp	7.5 bp	5.1–10.3 bp
HTX MSFT-USDT · live order book, 49 min ago	2.84 bp	8.8 bp	9.2 bp	6.00 bp	18.1 bp	−$18	$608K	20x	6.1 bp	6.5 bp	5.7–12.7 bp
Injective MSFT/USDC PERP · live order book, 52 min ago	9.94 bp	9.9 bp	9.9 bp	0.01 bp	19.9 bp	−$20	$234K	30x	62.2 bp	61.9 bp	60.7–64.1 bp
tradeXYZ xyz:MSFT · live order book, 11 min ago	0.10 bp	9.1 bp	11.5 bp	9.00 bp	20.6 bp	−$21	$130K	20x	2.3 bp	2.4 bp	1.3–3.4 bp
edgeX MSFTUSDC · live order book, 50 min ago	5.67 bp	10.3 bp	10.3 bp	4.50 bp	20.7 bp	−$21	$159K	10x	10.8 bp	160.1 bp	155.5–163.0 bp
Bybit MSFTUSDT · live order book, 1 min ago	1.11 bp	10.7 bp	10.1 bp	5.50 bp	20.9 bp	−$21	$915K	100x	9.3 bp	9.5 bp	7.9–11.6 bp
Aster MSFTUSDT · live order book, 49 min ago	1.22 bp	12.9 bp	8.8 bp	4.00 bp	21.7 bp	−$22	$50K	20x	38.7 bp	39.8 bp	33.4–47.5 bp
ApeX Omni MSFTUSDT · live order book, 48 min ago	7.40 bp	12.4 bp	12.4 bp	5.00 bp	24.8 bp	−$25	$146K	50x	10.3 bp	10.3 bp	10.3–11.1 bp
Gate MSFT_USDT · live order book, 6 min ago	3.75 bp	11.9 bp	14.5 bp	7.50 bp	26.3 bp	−$26	$511K	100x	12.8 bp	13.8 bp	10.4–17.8 bp
Phemex MSFTUSDT · live order book, 1 min ago	2.33 bp	34.3 bp	34.4 bp	6.00 bp	68.7 bp	−$69	$29K	10x	50.2 bp	50.8 bp	44.3–59.5 bp
KuCoin MSFTUSDTM · live order book, 3 min ago	6.99 bp	100.8 bp	79.0 bp	6.00 bp	179.8 bp	−$180	$26K	20x	181.9 bp	170.6 bp	105.9–394.9 bp
SunX MSFT-USDT · live order book, 6 min ago	29.12 bp	111.0 bp	104.7 bp	5.00 bp	215.7 bp	−$216	$17K	20x	207.5 bp	207.7 bp	205.7–212.2 bp
Variational Omni MSFT	2.95 bp	the book does not hold this size
Ondo Perps MSFT-USD.P	—	no order-book sample in the last 90 minutes
SoDEX MSFT-USD	—	below $100k OI and volume: not sampled
Hotstuff MSFT-PERP	—	below $100k OI and volume: not sampled
Phoenix MSFT	—	below $100k OI and volume: not sampled
Orderly PERP_MSFT_USDC_mythos	—	below $100k OI and volume: not sampled
Paradex MSFT-USD-PERP	—	below $100k OI and volume: not sampled
Aevo MSFT-PERP	—	below $100k OI and volume: not sampled
Vest MSFT-USD-PERP	—	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.