Entry cost

SLV marketsRWA

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

Asset

Cheapest round trip on $10kLighter RH4.3 bp

You pay, in and out−$4.34

Second cheapest costs+$13 more

Venues that fill it2of 4

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 RH SLV · live order book, 32 min agocheapest	59.878	0.000%/0.000%	2.17 bp	2.2 bp	2.2 bp	4.3 bp	−$4.34	$256K	$1,000 10x	4.1 bp	41.5 bp	29.6-54.0 bp
Arcus SLV-USD · live order book, 34 min ago	59.860	0.022%/0.000%	5.00 bp	7.3 bp	9.8 bp	17.1 bp	−$17	$834K	$400 25x	11.0 bp	9.9 bp	6.5-13.5 bp
Gate SLV_USDT	59.850	0.075%/0.020%	—	below $100k OI and volume: not sampled
Vest SLV-USD-PERP	59.850	0.010%/0.010%	—	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. 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.