Entry cost

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

AssetTypeSize24 of 30 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 PONS_USDT · live order book, 4 min agocheapest	1.57 bp	4.5 bp	4.0 bp	0.00 bp	8.4 bp	−$8	$2.5M	20x	10.3 bp	10.4 bp	7.5–13.3 bp
Polymarket Perps PONS-USD · live order book, 5 min ago	1.58 bp	5.6 bp	5.6 bp	4.00 bp	11.2 bp	−$11	$206K	3x	5.9 bp	5.9 bp	3.7–7.8 bp
Lighter PONS · live order book, 3 min ago	4.72 bp	4.7 bp	12.8 bp	0.00 bp	17.5 bp	−$17	$712K	3x	16.3 bp	17.2 bp	10.5–27.2 bp
Lighter RH PONS · live order book, 4 min ago	5.27 bp	8.8 bp	9.1 bp	0.00 bp	17.9 bp	−$18	$324K	3x	20.8 bp	21.7 bp	15.6–27.1 bp
OKX PONS-USDT-SWAP · live order book, 5 min ago	1.58 bp	10.1 bp	9.1 bp	5.00 bp	19.1 bp	−$19	$550K	20x	16.4 bp	15.9 bp	12.1–19.6 bp
Aster PONSUSDT · live order book, 4 min ago	3.55 bp	9.8 bp	10.9 bp	4.00 bp	20.7 bp	−$21	$411K	20x	13.7 bp	14.3 bp	11.7–17.7 bp
BingX PONS-USDT · live order book, 1 min ago	0.79 bp	10.0 bp	11.6 bp	5.00 bp	21.6 bp	−$22	$2.5M	—	13.9 bp	16.5 bp	10.9–22.0 bp
Binance PONSUSDT · live order book, 4 min ago	1.58 bp	12.8 bp	13.6 bp	5.00 bp	26.4 bp	−$26	$899K	20x	16.6 bp	17.4 bp	12.5–21.1 bp
BloFin PONS-USDT · live order book, 4 min ago	3.94 bp	11.4 bp	15.6 bp	6.00 bp	27.1 bp	−$27	$654K	20x	18.8 bp	20.1 bp	10.1–28.5 bp
Bitget PONSUSDT · live order book, 5 min ago	3.86 bp	12.0 bp	20.9 bp	6.00 bp	32.8 bp	−$33	$38K	20x	24.6 bp	23.9 bp	18.4–30.0 bp
Bybit PONSUSDT · live order book, 5 min ago	3.94 bp	17.5 bp	17.8 bp	5.50 bp	35.3 bp	−$35	$479K	20x	24.1 bp	24.5 bp	17.9–31.5 bp
KuCoin PONSUSDTM · live order book, 3 min ago	1.73 bp	20.5 bp	20.0 bp	6.00 bp	40.5 bp	−$40	$95K	20x	57.3 bp	56.2 bp	39.6–71.1 bp
edgeX PONSUSDC · live order book, 44 min ago	11.82 bp	19.9 bp	20.7 bp	4.50 bp	40.6 bp	−$41	$37K	10x	31.7 bp	32.1 bp	30.5–33.8 bp
Pacifica PONS · live order book, 44 min ago	9.11 bp	20.6 bp	20.2 bp	4.00 bp	40.8 bp	−$41	$12K	3x	34.3 bp	32.5 bp	25.8–43.2 bp
Gate PONS_USDT · live order book, 5 min ago	2.37 bp	27.4 bp	19.7 bp	7.50 bp	47.1 bp	−$47	$126K	20x	33.7 bp	34.1 bp	23.3–45.0 bp
Extended PONS-USD · live order book, 44 min ago	11.10 bp	26.6 bp	25.6 bp	2.50 bp	52.2 bp	−$52	$461K	5x	46.0 bp	46.3 bp	44.3–49.3 bp
Phemex PONSUSDT · live order book, 5 min ago	2.37 bp	39.2 bp	36.0 bp	6.00 bp	75.3 bp	−$75	$22K	20x	67.8 bp	64.3 bp	51.4–89.6 bp
ApeX Omni PONSUSDT · live order book, 43 min ago	20.44 bp	28.0 bp	59.1 bp	5.00 bp	87.1 bp	−$87	$148K	5x	79.9 bp	81.0 bp	64.6–119.3 bp
Nado PONS-PERP · live order book, 40 min ago	13.93 bp	43.2 bp	50.9 bp	0.00 bp	94.2 bp	−$94	$88K	5x	100.4 bp	100.4 bp	91.9–121.1 bp
SoDEX PONS-USD · live order book, 45 min ago	2.37 bp	70.6 bp	61.6 bp	4.00 bp	132.2 bp	−$132	$13K	3x	118.9 bp	117.4 bp	107.0–127.1 bp
Popdex PONSUSDT · live order book, 45 min ago	5.67 bp	86.0 bp	96.4 bp	3.20 bp	182.4 bp	−$182	$20K	20x	196.3 bp	196.0 bp	172.6–221.9 bp
SunX PONS-USDT · live order book, 10 min ago	104.88 bp	124.8 bp	125.9 bp	5.00 bp	250.8 bp	−$251	$26K	10x	242.7 bp	244.0 bp	240.9–252.9 bp
HTX PONS-USDT · live order book, 45 min ago	33.43 bp	264.6 bp	233.1 bp	6.00 bp	497.6 bp	−$498	$60K	20x	334.2 bp	341.6 bp	304.6–412.7 bp
gTrade (Gains Network) PONS/USD · virtual book (oracle venue), 45 min ago	130.01 bp	2119.7 bp	2471.4 bp	6.00 bp	4591.1 bp	−$4,591	$22K	150x	4578.8 bp	4578.9 bp	4578.3–4579.2 bp
Hyperliquid PONS	1.02 bp	the book does not hold this size (about $7.9k a side)
Variational Omni PONS	6.31 bp	the book does not hold this size
Phoenix PONS	—	below $100k OI and volume: not sampled
Orderly PERP_PONS_USDC_mythos	—	below $100k OI and volume: not sampled
Injective PONS/USDC PERP	—	below $100k OI and volume: not sampled
Aevo PONS-PERP	—	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. 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.