Entry cost

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

AssetTypeSize18 of 22 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 RENDER_USDT · live order book, 3 min agocheapest	2.75 bp	2.8 bp	2.8 bp	0.00 bp	5.5 bp	−$6	$9.7M	200x	5.8 bp	6.3 bp	5.8–11.3 bp
BingX RENDER-USDT · live order book, 15 min ago	5.53 bp	10.5 bp	12.8 bp	5.00 bp	23.3 bp	−$23	$4.9M	—	12.9 bp	14.4 bp	6.5–22.5 bp
Deribit RENDER_USDC-PERPETUAL · live order book, 64 min ago	5.65 bp	14.6 bp	9.1 bp	3.50 bp	23.7 bp	−$24	$87K	25x	15.7 bp	16.0 bp	12.5–22.6 bp
Hyperliquid RENDER · live order book, 2 min ago	2.75 bp	11.1 bp	13.8 bp	4.50 bp	24.9 bp	−$25	$17K	5x	15.7 bp	16.1 bp	12.0–20.6 bp
Binance RENDERUSDT · live order book, 3 min ago	2.75 bp	11.9 bp	13.5 bp	5.00 bp	25.4 bp	−$25	$1.5M	75x	15.6 bp	15.8 bp	11.6–19.6 bp
Phoenix RENDER · live order book, 17 min ago	1.10 bp	13.4 bp	13.4 bp	3.50 bp	26.9 bp	−$27	$349K	5x	19.9 bp	20.1 bp	19.8–20.6 bp
Bybit RENDERUSDT · live order book, 4 min ago	2.76 bp	13.5 bp	16.5 bp	5.50 bp	30.0 bp	−$30	$805K	50x	19.2 bp	18.6 bp	15.0–23.1 bp
Bitget RENDERUSDT · live order book, 4 min ago	4.96 bp	12.1 bp	18.4 bp	6.00 bp	30.4 bp	−$30	$600K	50x	21.8 bp	20.7 bp	12.9–27.2 bp
OKX RENDER-USDT-SWAP · live order book, 3 min ago	2.75 bp	16.6 bp	14.1 bp	5.00 bp	30.7 bp	−$31	$262K	20x	25.1 bp	22.2 bp	16.5–28.0 bp
ApeX Omni RENDERUSDT · live order book, 17 min ago	8.81 bp	16.0 bp	16.2 bp	5.00 bp	32.2 bp	−$32	$117K	50x	22.8 bp	22.6 bp	19.7–54.8 bp
BloFin RENDER-USDT · live order book, 3 min ago	2.75 bp	8.8 bp	24.0 bp	6.00 bp	32.8 bp	−$33	$2.9M	90x	18.8 bp	18.0 bp	9.3–31.9 bp
Kraken Futures PF_RENDERUSD · live order book, 3 min ago	11.56 bp	17.2 bp	19.8 bp	5.00 bp	36.9 bp	−$37	$387K	50x	33.4 bp	30.4 bp	24.8–37.7 bp
Extended RENDER-USD · live order book, 13 min ago	11.07 bp	22.8 bp	23.6 bp	2.50 bp	46.5 bp	−$46	$498K	10x	40.1 bp	40.1 bp	33.7–44.1 bp
KuCoin RENDERUSDTM · live order book, 4 min ago	5.51 bp	19.9 bp	29.9 bp	6.00 bp	49.8 bp	−$50	$523K	50x	43.0 bp	39.0 bp	30.6–53.2 bp
Phemex RENDERUSDT · live order book, 4 min ago	2.76 bp	32.2 bp	22.0 bp	6.00 bp	54.2 bp	−$54	$111K	50x	43.6 bp	41.2 bp	32.7–58.6 bp
Aster RENDERUSDT · live order book, 17 min ago	5.50 bp	24.2 bp	30.2 bp	4.00 bp	54.3 bp	−$54	$54K	20x	47.8 bp	55.0 bp	33.6–69.1 bp
Gate RENDER_USDT · live order book, 2 min ago	7.44 bp	27.5 bp	28.7 bp	7.50 bp	56.2 bp	−$56	$137K	50x	63.5 bp	46.4 bp	36.2–55.7 bp
Coinbase International RENDER-PERP-INTX · live order book, 18 min ago	11.04 bp	1150.8 bp	654.2 bp	5.00 bp	1805.0 bp	−$1,805	$10K	50x	107.6 bp	49.3 bp	33.0–131.9 bp
Variational Omni RENDER	8.26 bp	the book does not hold this size
dYdX RENDER-USD	—	below $100k OI and volume: not sampled
GMX RENDER/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Injective RENDER/USDC PERP	19.58 bp	the book does not hold this size (about $16 a side)

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.