Entry cost

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

AssetTypeSize13 of 23 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 PYTH_USDT · live order book, 3 min agocheapest	0.78 bp	5.1 bp	3.2 bp	0.00 bp	8.3 bp	−$8	$6.5M	125x	11.6 bp	11.2 bp	9.0–14.0 bp
Lighter PYTH · live order book, 49 min ago	3.08 bp	15.3 bp	4.8 bp	0.00 bp	20.1 bp	−$20	$308K	5x	20.5 bp	20.6 bp	14.4–25.6 bp
BloFin PYTH-USDT · live order book, 56 min ago	2.32 bp	11.3 bp	15.2 bp	6.00 bp	26.6 bp	−$27	$663K	75x	20.1 bp	18.5 bp	8.6–26.9 bp
Binance PYTHUSDT · live order book, 11 min ago	1.56 bp	15.5 bp	15.5 bp	5.00 bp	31.0 bp	−$31	$976K	75x	21.8 bp	21.5 bp	16.0–27.2 bp
BingX PYTH-USDT · live order book, 10 min ago	3.11 bp	16.9 bp	16.4 bp	5.00 bp	33.3 bp	−$33	$28.0M	—	26.1 bp	24.3 bp	18.2–30.2 bp
Hyperliquid PYTH · live order book, 11 min ago	2.41 bp	17.3 bp	18.4 bp	4.50 bp	35.6 bp	−$36	$10K	5x	29.3 bp	27.1 bp	21.4–34.1 bp
OKX PYTH-USDT-SWAP · live order book, 2 min ago	1.55 bp	17.5 bp	19.8 bp	5.00 bp	37.3 bp	−$37	$63K	50x	30.2 bp	29.1 bp	23.6–36.5 bp
Bitget PYTHUSDT · live order book, 2 min ago	3.10 bp	19.1 bp	26.4 bp	6.00 bp	45.6 bp	−$46	$547K	75x	31.1 bp	32.3 bp	18.8–43.1 bp
Kraken Futures PF_PYTHUSD · live order book, 58 min ago	8.49 bp	28.3 bp	20.0 bp	5.00 bp	48.4 bp	−$48	$120K	25x	42.1 bp	43.1 bp	27.6–79.9 bp
Bybit PYTHUSDT · live order book, 3 min ago	3.10 bp	37.7 bp	33.5 bp	5.50 bp	71.2 bp	−$71	$198K	50x	45.1 bp	51.5 bp	39.8–60.2 bp
Gate PYTH_USDT · live order book, 2 min ago	5.42 bp	40.9 bp	32.2 bp	7.50 bp	73.1 bp	−$73	$44K	75x	45.8 bp	44.1 bp	36.6–56.6 bp
KuCoin PYTHUSDTM · live order book, 11 min ago	7.78 bp	108.2 bp	42.9 bp	6.00 bp	151.1 bp	−$151	$180K	50x	305.8 bp	435.2 bp	188.6–730.5 bp
dYdX PYTH-USD · live order book, 59 min ago	76.72 bp	81.7 bp	81.7 bp	5.00 bp	163.4 bp	−$163	$155.6M	5x	187.2 bp	187.3 bp	75.5–276.8 bp
Variational Omni PYTH	—	below $100k OI and volume: not sampled
Coinbase International PYTH-PERP-INTX	—	below $100k OI and volume: not sampled
Backpack PYTH_USDC_PERP	—	below $100k OI and volume: not sampled
Aevo PYTH-PERP	—	below $100k OI and volume: not sampled
Aster PYTHUSDT	—	below $100k OI and volume: not sampled
Deribit PYTH_USDC-PERPETUAL	—	below $100k OI and volume: not sampled
Orderly PERP_PYTH_USDC_mythos	—	below $100k OI and volume: not sampled
Paradex PYTH-USD-PERP	—	below $100k OI and volume: not sampled
Injective PYTH/USDC PERP	—	below $100k OI and volume: not sampled
Reya PYTHRUSDPERP	—	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.