Entry cost

POPCAT markets

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

Asset

Cheapest round trip on $10kLighter22.2 bp

You pay, in and out−$22

Second cheapest costs+$7.27 more

Venues that fill it14of 18

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
Lighter POPCAT · live order book, 33 min agocheapest	0.05529	0.000%/0.000%	10.02 bp	10.9 bp	11.3 bp	22.2 bp	−$22	$115K	$1,000 10x	25.3 bp	25.3 bp	15.2-34.8 bp
MEXC POPCAT_USDT · live order book, 2 min ago	0.05533	0.020%/0.010%	6.33 bp	14.6 bp	14.9 bp	29.5 bp	−$29	$11.2M	$50 200x	26.9 bp	25.8 bp	20.3-31.2 bp
BloFin POPCAT-USDT · live order book, 37 min ago	0.05528	0.060%/0.020%	2.72 bp	29.8 bp	11.1 bp	40.9 bp	−$41	$235K	$200 50x	33.7 bp	33.5 bp	20.7-41.1 bp
Bybit POPCATUSDT · live order book, 4 min ago	0.05521	0.055%/0.020%	2.72 bp	22.7 bp	25.7 bp	48.4 bp	−$48	$320K	$200 50x	36.2 bp	36.5 bp	30.5-45.1 bp
Binance POPCATUSDT · live order book, 14 min ago	0.05532	0.050%/0.020%	1.82 bp	26.8 bp	24.2 bp	50.9 bp	−$51	$412K	$200 50x	38.1 bp	38.6 bp	29.9-48.5 bp
BingX POPCAT-USDT · live order book, 13 min ago	0.05526	0.050%/0.020%	4.55 bp	25.5 bp	25.7 bp	51.2 bp	−$51	$7.3M	—	39.6 bp	39.8 bp	32.4-49.9 bp
Bitget POPCATUSDT · live order book, 2 min ago	0.05527	0.060%/0.020%	7.24 bp	48.3 bp	36.0 bp	84.3 bp	−$84	$296K	$200 50x	56.6 bp	54.4 bp	38.1-72.0 bp
OKX POPCAT-USDT-SWAP · live order book, 2 min ago	0.05527	0.050%/0.020%	0.90 bp	41.5 bp	48.1 bp	89.6 bp	−$90	$78K	$500 20x	73.4 bp	72.5 bp	55.8-90.3 bp
ApeX Omni POPCATUSDT · live order book, 44 min ago	0.05530	0.050%/0.020%	27.20 bp	48.8 bp	53.5 bp	102.4 bp	−$102	$80K	$400 25x	77.6 bp	92.9 bp	76.3-116.3 bp
Extended POPCAT-USD · live order book, 43 min ago	0.05526	0.025%/0.000%	2.72 bp	43.2 bp	62.5 bp	105.7 bp	−$106	$254K	$1,000 10x	119.5 bp	122.0 bp	97.4-148.2 bp
Kraken Futures PF_POPCATUSD · live order book, 43 min ago	0.05517	0.050%/0.020%	25.41 bp	48.4 bp	63.3 bp	111.7 bp	−$112	$54K	$500 20x	91.4 bp	86.4 bp	59.4-150.1 bp
GRVT POPCAT_USDT_Perp · live order book, 43 min ago	0.05533	0.045%/0.000%	5.43 bp	35.6 bp	77.8 bp	113.5 bp	−$113	$49K	$1,000 10x	91.4 bp	95.0 bp	64.3-155.0 bp
Gate POPCAT_USDT · live order book, 42 min ago	0.05526	0.075%/0.020%	8.17 bp	199.3 bp	85.6 bp	284.9 bp	−$285	$36K	$200 50x	129.7 bp	73.7 bp	49.5-96.6 bp
KuCoin POPCATUSDTM · live order book, 5 min ago	0.05532	0.060%/0.020%	7.25 bp	318.8 bp	192.3 bp	511.2 bp	−$511	$74K	$200 50x	403.4 bp	397.8 bp	350.4-540.0 bp
Hyperliquid POPCAT	0.05539	0.045%/0.015%	2.35 bp	the book does not hold this size (about $6.6k a side)
Variational Omni POPCAT	0.05519	0.000%/0.000%	6.36 bp	the book does not hold this size
Injective POPCAT/USDC PERP	0.05443	0.000%/—	—	below $100k OI and volume: not sampled
Reya POPCATRUSDPERP	0.05528	0.030%/0.030%	—	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. 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.