Entry cost

NBIS marketsRWA

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

Asset

Cheapest round trip on $10kLighter1.9 bp

You pay, in and out−$1.90

Second cheapest costs+$10 more

Venues that fill it22of 31

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 NBIS · live order book, 5 min agocheapest	235.66	0.000%/0.000%	0.64 bp	0.8 bp	1.1 bp	1.9 bp	−$1.90	$1.1M	$1,000 10x	2.7 bp	2.3 bp	1.5-4.1 bp
Polymarket Perps NBIS-USD · live order book, 5 min ago	235.58	0.040%/0.013%	1.91 bp	6.1 bp	5.9 bp	12.0 bp	−$12	$1.2M	$1,000 10x	6.7 bp	6.8 bp	4.7-9.1 bp
QFEX NBIS-USD · live order book, 5 min ago	235.58	0.050%/0.020%	2.12 bp	7.1 bp	7.1 bp	14.2 bp	−$14	$614K	$1,000 10x	5.3 bp	5.8 bp	3.9-9.3 bp
Binance NBISUSDT · live order book, 10 min ago	235.58	0.050%/0.020%	0.64 bp	8.0 bp	8.2 bp	16.2 bp	−$16	$2.0M	$400 25x	6.9 bp	10.4 bp	7.9-10.5 bp
Arcus NBIS-USD · live order book, 5 min ago	235.65	0.022%/0.000%	2.33 bp	4.6 bp	12.5 bp	17.1 bp	−$17	$197K	$2,000 5x	10.1 bp	10.3 bp	8.3-11.1 bp
BloFin NBIS-USDT · live order book, 62 min ago	235.56	0.060%/0.020%	2.35 bp	9.6 bp	9.7 bp	19.3 bp	−$19	$406K	$500 20x	8.1 bp	8.6 bp	5.8-12.6 bp
Coinbase International NBIS-PERP-INTX · live order book, 5 min ago	236.05	0.050%/—	4.88 bp	11.3 bp	10.4 bp	21.7 bp	−$22	$267K	$1,000 10x	15.7 bp	20.7 bp	8.7-33.2 bp
OKX NBIS-USDT-SWAP · live order book, just now	235.63	0.050%/0.020%	2.55 bp	10.7 bp	11.1 bp	21.8 bp	−$22	$281K	$400 25x	9.8 bp	14.0 bp	11.3-17.9 bp
GRVT NBIS_USDT_Perp · live order book, 65 min ago	235.73	0.045%/0.000%	2.98 bp	10.2 bp	11.8 bp	22.1 bp	−$22	$108K	$1,000 10x	13.9 bp	18.3 bp	10.9-23.2 bp
Extended NBIS-USD · live order book, 5 min ago	235.56	0.025%/0.000%	2.55 bp	12.3 bp	12.2 bp	24.5 bp	−$24	$466K	$1,000 10x	19.8 bp	20.1 bp	18.4-21.6 bp
tradeXYZ xyz:NBIS · live order book, 6 min ago	235.57	0.090%/0.030%	1.06 bp	13.1 bp	11.5 bp	24.6 bp	−$25	$106K	$1,000 10x	5.1 bp	7.5 bp	5.3-10.6 bp
Phoenix NBIS · live order book, 63 min ago	235.91	0.035%/0.005%	3.83 bp	12.7 bp	12.7 bp	25.3 bp	−$25	$445K	$1,000 10x	21.1 bp	21.2 bp	20.0-21.3 bp
HTX NBIS-USDT · live order book, 3 min ago	235.71	0.060%/0.020%	2.33 bp	12.4 bp	13.4 bp	25.8 bp	−$26	$425K	$500 20x	10.5 bp	10.4 bp	7.9-14.9 bp
Entropy io:NBIS · live order book, 4 min ago	235.60	0.090%/0.030%	1.06 bp	14.6 bp	12.7 bp	27.3 bp	−$27	$61K	$1,000 10x	12.6 bp	14.3 bp	9.2-20.6 bp
Bybit NBISUSDT · live order book, 5 min ago	235.52	0.055%/0.020%	3.18 bp	12.8 bp	14.9 bp	27.7 bp	−$28	$595K	$200 50x	16.3 bp	16.3 bp	12.3-21.4 bp
edgeX NBISUSDC · live order book, 4 min ago	235.71	0.045%/0.040%	5.52 bp	15.3 bp	16.5 bp	31.8 bp	−$32	$50K	$1,000 10x	24.2 bp	206.7 bp	167.6-211.7 bp
Bitget NBISUSDT · live order book, 5 min ago	235.58	0.060%/0.020%	2.33 bp	16.5 bp	15.6 bp	32.1 bp	−$32	$2.8M	$500 20x	20.1 bp	21.1 bp	17.1-25.7 bp
Gate NBIS_USDT · live order book, just now	235.59	0.075%/0.020%	3.39 bp	15.7 bp	17.1 bp	32.8 bp	−$33	$1.1M	$200 50x	19.2 bp	21.2 bp	14.2-39.9 bp
Phemex NBISUSDT · live order book, 5 min ago	235.56	0.060%/0.010%	3.82 bp	60.5 bp	39.0 bp	99.5 bp	−$100	$47K	$1,000 10x	83.8 bp	83.9 bp	67.1-106.3 bp
Aster NBISUSDT · live order book, 4 min ago	235.70	0.040%/0.000%	9.54 bp	87.1 bp	16.9 bp	104.0 bp	−$104	$23K	$200 50x	13.8 bp	27.0 bp	13.2-63.3 bp
SunX NBIS-USDT · live order book, 12 min ago	235.91	0.040%/0.020%	45.59 bp	64.2 bp	64.8 bp	129.0 bp	−$129	$26K	$1,000 10x	120.3 bp	120.1 bp	119.2-127.0 bp
KuCoin NBISUSDTM · live order book, 49 min ago	235.40	0.060%/0.020%	27.78 bp	67.8 bp	65.3 bp	133.1 bp	−$133	$51K	$500 20x	161.3 bp	161.7 bp	110.8-224.2 bp
Variational Omni NBIS	235.67	0.000%/0.000%	3.22 bp	the book does not hold this size
Ondo Perps NBIS-USD.P	235.80	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Deribit NBIS_USDC-PERPETUAL	235.46	0.035%/0.015%	—	below $100k OI and volume: not sampled
Nado NBIS-PERP	235.48	0.035%/0.010%	—	below $100k OI and volume: not sampled
Kraken Futures PF_NBISUSD	235.41	0.050%/0.020%	—	below $100k OI and volume: not sampled
Orderly PERP_NBIS_USDC_mythos	235.55	0.030%/0.000%	—	below $100k OI and volume: not sampled
SoDEX NBIS-USD	235.58	0.040%/0.012%	—	below $100k OI and volume: not sampled
Vest NBIS-USD-PERP	236.00	0.010%/0.010%	—	no order-book sample in the last 90 minutes
Aevo NBIS-PERP	235.58	0.080%/0.050%	—	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.