Entry cost

Cost to open and close $10k of POL, by exchange.

AssetTypeSize16 of 24 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
MEXC POL_USDT · live order book, 4 min agocheapest	0.44 bp	0.4 bp	2.8 bp	0.00 bp	3.2 bp	−$3	$4.9M	125x	7.8 bp	7.9 bp	4.9–12.7 bp
Lighter POL · live order book, 50 min ago	4.65 bp	6.6 bp	7.1 bp	0.00 bp	13.6 bp	−$14	$531K	8x	12.4 bp	12.9 bp	9.5–17.7 bp
Binance POLUSDT · live order book, 13 min ago	1.77 bp	12.3 bp	15.0 bp	5.00 bp	27.3 bp	−$27	$1.8M	75x	13.0 bp	13.1 bp	10.1–17.1 bp
Bybit POLUSDT · live order book, 3 min ago	1.77 bp	11.2 bp	16.8 bp	5.50 bp	28.1 bp	−$28	$678K	75x	17.5 bp	17.1 bp	12.2–23.5 bp
BloFin POL-USDT · live order book, 57 min ago	1.78 bp	16.1 bp	13.1 bp	6.00 bp	29.2 bp	−$29	$1.2M	75x	13.1 bp	14.4 bp	7.0–22.5 bp
OKX POL-USDT-SWAP · live order book, 3 min ago	0.88 bp	13.5 bp	15.9 bp	5.00 bp	29.4 bp	−$29	$227K	50x	19.9 bp	19.7 bp	16.4–24.6 bp
Bitget POLUSDT · live order book, 3 min ago	2.21 bp	11.9 bp	17.8 bp	6.00 bp	29.7 bp	−$30	$458K	50x	21.0 bp	20.6 bp	13.8–27.3 bp
BingX POL-USDT · live order book, 13 min ago	2.21 bp	14.1 bp	16.0 bp	5.00 bp	30.2 bp	−$30	$9.1M	—	16.3 bp	16.3 bp	12.8–20.6 bp
Extended POL-USD · live order book, 43 min ago	1.24 bp	14.6 bp	15.9 bp	2.50 bp	30.6 bp	−$31	$451K	10x	26.5 bp	26.6 bp	25.8–27.9 bp
Hyperliquid POL · live order book, 2 min ago	3.08 bp	18.7 bp	15.8 bp	4.50 bp	34.4 bp	−$34	$26K	5x	19.9 bp	19.9 bp	14.6–25.7 bp
ApeX Omni POLUSDT · live order book, 58 min ago	8.90 bp	18.3 bp	19.5 bp	5.00 bp	37.9 bp	−$38	$155K	50x	35.7 bp	36.6 bp	29.0–42.2 bp
Gate POL_USDT · live order book, 3 min ago	4.86 bp	20.3 bp	20.2 bp	7.50 bp	40.6 bp	−$41	$346K	75x	43.7 bp	43.1 bp	32.9–56.0 bp
Kraken Futures PF_POLUSD · live order book, 4 min ago	7.96 bp	28.9 bp	17.2 bp	5.00 bp	46.0 bp	−$46	$297K	50x	29.3 bp	29.3 bp	20.2–37.6 bp
Coinbase International POL-PERP-INTX · live order book, 58 min ago	17.83 bp	22.8 bp	31.4 bp	5.00 bp	54.2 bp	−$54	$45K	50x	275.9 bp	51.4 bp	33.4–2142.2 bp
Aster POLUSDT · live order book, 58 min ago	11.14 bp	31.1 bp	23.6 bp	4.00 bp	54.7 bp	−$55	$125K	20x	42.3 bp	31.6 bp	23.8–81.3 bp
KuCoin POLUSDTM · live order book, 2 min ago	5.74 bp	29.7 bp	37.5 bp	6.00 bp	67.2 bp	−$67	$180K	50x	59.0 bp	39.9 bp	29.6–66.1 bp
Variational Omni POL	8.90 bp	the book does not hold this size
Aevo POL-PERP	—	below $100k OI and volume: not sampled
gTrade (Gains Network) POL/USD	—	no public order book; price impact follows the exchange's formula
dYdX POL-USD	—	below $100k OI and volume: not sampled
Orderly PERP_POL_USDC	—	no order-book sample in the last 90 minutes
Injective POL/USDC PERP	852.49 bp	the book does not hold this size (about $100 a side)
GMX POL/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Reya POLRUSDPERP	—	no public order book; price impact follows the exchange's formula

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. 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.