Entry cost

NVO marketsRWA

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

Asset

Cheapest round trip on $10kQFEX15.0 bp

You pay, in and out−$15

Second cheapest costs+$22 more

Venues that fill it6of 11

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
QFEX NVO-USD · live order book, 6 min agocheapest	39.870	0.050%/0.020%	2.51 bp	7.5 bp	7.5 bp	15.0 bp	−$15	$147K	$1,000 10x	12.3 bp	1288.6 bp	1284.9-1343.7 bp
Binance NVOUSDT · live order book, 10 min ago	39.950	0.050%/0.020%	3.76 bp	16.7 bp	20.1 bp	36.8 bp	−$37	$491K	$500 20x	26.2 bp	27.3 bp	20.4-36.5 bp
GRVT NVO_USDT_Perp · live order book, 36 min ago	39.923	0.045%/0.000%	5.01 bp	45.9 bp	31.7 bp	77.6 bp	−$78	$173K	$1,000 10x	81.1 bp	78.3 bp	58.4-103.3 bp
Bybit NVOUSDT · live order book, 34 min ago	39.950	0.055%/0.020%	6.26 bp	78.0 bp	52.4 bp	130.3 bp	−$130	$48K	$400 25x	124.2 bp	125.1 bp	74.2-183.2 bp
SunX NVO-USDT · live order book, 1 min ago	39.940	0.040%/0.020%	46.31 bp	95.7 bp	67.0 bp	162.6 bp	−$163	$22K	$1,000 10x	128.3 bp	150.3 bp	131.5-205.8 bp
Gate NVO_USDT · live order book, 36 min ago	39.960	0.075%/0.020%	5.01 bp	97.8 bp	106.7 bp	204.5 bp	−$204	$22K	$500 20x	102.6 bp	139.4 bp	66.0-208.2 bp
KuCoin NVOUSDTM	39.930	0.060%/0.020%	13.78 bp	the book does not hold this size (about $7.7k a side)
Variational Omni NVO	39.923	0.000%/0.000%	—	below $100k OI and volume: not sampled
HTX NVO-USDT	40.010	0.060%/0.020%	—	below $100k OI and volume: not sampled
Aster NVOUSDT	39.877	0.040%/0.000%	—	below $100k OI and volume: not sampled
Injective NVO/USDC PERP	42.250	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.