Entry cost

PNUT markets

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

Asset

Cheapest round trip on $10kMEXC15.1 bp

You pay, in and out−$15

Second cheapest costs+$13 more

Venues that fill it12of 16

Margin at 100x$100

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
MEXC PNUT_USDT · live order book, 5 min agocheapest	0.05610	0.020%/0.010%	1.78 bp	7.8 bp	7.2 bp	15.1 bp	−$15	$5.5M	$100 100x	10.8 bp	11.2 bp	8.2-14.0 bp
Binance PNUTUSDT · live order book, 8 min ago	0.05611	0.050%/0.020%	0.89 bp	12.5 bp	16.1 bp	28.5 bp	−$29	$721K	$200 50x	22.9 bp	24.3 bp	19.8-29.6 bp
Hyperliquid PNUT · live order book, 4 min ago	0.05622	0.045%/0.015%	0.89 bp	18.3 bp	15.2 bp	33.5 bp	−$34	$13K	$3,333 3x	29.8 bp	29.8 bp	23.6-38.3 bp
OKX PNUT-USDT-SWAP · live order book, 1 min ago	0.05603	0.050%/0.020%	0.89 bp	19.1 bp	15.3 bp	34.4 bp	−$34	$78K	$500 20x	31.7 bp	32.0 bp	26.1-39.2 bp
Bitget PNUTUSDT · live order book, 5 min ago	0.05611	0.060%/0.020%	2.67 bp	18.0 bp	17.2 bp	35.2 bp	−$35	$259K	$200 50x	28.8 bp	29.6 bp	20.4-36.1 bp
Coinbase International PNUT-PERP-INTX · live order book, 61 min ago	0.05677	0.050%/—	13.33 bp	18.3 bp	26.3 bp	44.6 bp	−$45	$31K	$200 50x	41.0 bp	40.2 bp	34.1-1607.2 bp
BingX PNUT-USDC · live order book, 4 min ago	0.05607	0.050%/0.020%	3.57 bp	22.5 bp	22.2 bp	44.7 bp	−$45	$10.9M	—	42.7 bp	43.6 bp	33.5-65.1 bp
BloFin PNUT-USDT · live order book, 55 min ago	0.05604	0.060%/0.020%	6.22 bp	27.1 bp	32.2 bp	59.3 bp	−$59	$79K	$200 50x	48.3 bp	48.3 bp	37.1-58.0 bp
Gate PNUT_USDT · live order book, 1 min ago	0.05611	0.075%/0.020%	7.13 bp	32.8 bp	28.9 bp	61.7 bp	−$62	$86K	$200 50x	49.6 bp	65.8 bp	48.5-79.2 bp
Bybit PNUTUSDT · live order book, 1 min ago	0.05606	0.055%/0.020%	2.67 bp	32.4 bp	36.2 bp	68.5 bp	−$69	$128K	$200 50x	65.8 bp	65.9 bp	56.0-77.6 bp
Extended PNUT-USD · live order book, 59 min ago	0.05610	0.025%/0.000%	3.20 bp	47.7 bp	34.1 bp	81.8 bp	−$82	$188K	$2,000 5x	70.7 bp	70.7 bp	59.0-80.3 bp
KuCoin PNUTUSDTM · live order book, 3 min ago	0.05618	0.060%/0.020%	7.12 bp	306.0 bp	163.0 bp	469.0 bp	−$469	$50K	$333 30x	443.7 bp	446.8 bp	251.3-838.5 bp
Kraken Futures PF_PNUTUSD	0.05606	0.050%/0.020%	—	below $100k OI and volume: not sampled
Aster PNUTUSDT	0.05611	0.040%/0.000%	—	below $100k OI and volume: not sampled
Variational Omni PNUT	0.05607	0.000%/0.000%	—	below $100k OI and volume: not sampled
Deribit PNUT_USDC-PERPETUAL	0.05606	0.035%/0.015%	—	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.