Entry cost

PENG marketsRWA

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

Asset

Cheapest round trip on $10kedgeX35.5 bp

You pay, in and out−$35

Second cheapest costs+$44 more

Venues that fill it3of 9

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
edgeX PENGUSDC · live order book, 22 min agocheapest	55.880	0.045%/0.040%	7.17 bp	18.1 bp	17.4 bp	35.5 bp	−$35	$63K	$1,000 10x	40.8 bp	221.8 bp	208.7-235.4 bp
Binance PENGUSDT · live order book, 56 min ago	55.961	0.050%/0.020%	0.90 bp	40.6 bp	39.2 bp	79.8 bp	−$80	$275K	$1,000 10x	63.7 bp	72.3 bp	50.3-104.5 bp
QFEX PENG-USD · live order book, 1 min ago	56.050	0.050%/0.020%	2.67 bp	51.8 bp	50.1 bp	101.9 bp	−$102	$366K	$1,000 10x	58.8 bp	2562.3 bp	2562.3-2562.3 bp
OKX PENG-USDT-SWAP	55.980	0.050%/0.020%	—	below $100k OI and volume: not sampled
Bitget PENGUSDT	55.770	0.060%/0.020%	—	below $100k OI and volume: not sampled
Nado PENG-PERP	56.012	0.035%/0.010%	—	below $100k OI and volume: not sampled
Gate PENG_USDT	55.950	0.075%/0.020%	—	below $100k OI and volume: not sampled
HTX PENG-USDT	55.830	0.060%/0.020%	58.21 bp	the book does not hold this size (about $4.4k a side)
Vest PENG-USD-PERP	55.930	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.