Entry cost

NET marketsRWA

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

Asset

Cheapest round trip on $10kBinance45.5 bp

You pay, in and out−$45

Second cheapest costs+$0.58 more

Venues that fill it7of 10

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
Binance NETUSDT · live order book, 27 min agocheapest	353.21	0.050%/0.020%	7.50 bp	20.3 bp	25.2 bp	45.5 bp	−$45	$401K	$500 20x	34.6 bp	47.9 bp	22.1-71.0 bp
Bitget NETUSDT · live order book, 65 min ago	353.29	0.060%/0.020%	15.31 bp	22.4 bp	23.7 bp	46.0 bp	−$46	$808K	$500 20x	21.7 bp	21.6 bp	8.3-39.6 bp
edgeX NETUSDC · live order book, 3 min ago	353.34	0.045%/0.040%	13.29 bp	23.6 bp	30.5 bp	54.0 bp	−$54	$48K	$1,000 10x	40.0 bp	222.7 bp	216.1-228.8 bp
Bybit NETUSDT · live order book, 59 min ago	353.14	0.055%/0.020%	7.10 bp	61.8 bp	43.9 bp	105.7 bp	−$106	$53K	$400 25x	188.3 bp	207.5 bp	115.3-266.1 bp
OKX NET-USDT-SWAP · live order book, 64 min ago	353.11	0.050%/0.020%	10.91 bp	25.4 bp	85.5 bp	110.9 bp	−$111	$25K	$500 20x	140.4 bp	212.8 bp	83.4-524.1 bp
Paragon para:NET · live order book, 50 min ago	351.95	0.050%/—	266.01 bp	294.0 bp	271.0 bp	565.0 bp	−$565	$174K	$1,000 10x	55.1 bp	65.7 bp	56.5-93.7 bp
HTX NET-USDT · live order book, 2 min ago	353.11	0.060%/0.020%	40.33 bp	292.4 bp	308.0 bp	600.4 bp	−$600	$12K	$500 20x	605.8 bp	611.1 bp	583.5-651.0 bp
tradeXYZ xyz:NET	353.27	0.090%/0.030%	7.37 bp	the book does not hold this size (about $1.7k a side)
Gate NET_USDT	352.90	0.075%/0.020%	—	below $100k OI and volume: not sampled
Phoenix NET	353.52	0.035%/0.005%	—	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.