Entry cost

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

AssetTypeSize10 of 16 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
QFEX SMCI-USD · live order book, 2 min agocheapest	2.44 bp	12.3 bp	9.9 bp	5.00 bp	22.2 bp	−$22	$174K	10x	12.2 bp	14.1 bp	10.1–113.2 bp
Binance SMCIUSDT · live order book, 8 min ago	1.22 bp	13.3 bp	13.9 bp	5.00 bp	27.3 bp	−$27	$1.4M	20x	20.4 bp	21.8 bp	16.9–27.2 bp
OKX SMCI-USDT-SWAP · live order book, 16 min ago	6.09 bp	17.1 bp	21.0 bp	5.00 bp	38.2 bp	−$38	$64K	20x	65.9 bp	74.3 bp	45.6–99.3 bp
Gate SMCI_USDT · live order book, 2 min ago	9.76 bp	18.9 bp	19.5 bp	7.50 bp	38.4 bp	−$38	$60K	20x	63.4 bp	87.2 bp	29.7–184.7 bp
Bitget SMCIUSDT · live order book, 1 min ago	14.15 bp	21.5 bp	20.6 bp	6.00 bp	42.1 bp	−$42	$689K	20x	56.6 bp	81.0 bp	26.3–110.4 bp
Paragon para:SMCI · live order book, 56 min ago	19.67 bp	24.7 bp	24.7 bp	5.00 bp	49.3 bp	−$49	$248K	10x	50.4 bp	68.0 bp	35.9–75.7 bp
HTX SMCI-USDT · live order book, 17 min ago	25.60 bp	36.0 bp	43.2 bp	6.00 bp	79.2 bp	−$79	$220K	10x	70.3 bp	67.2 bp	52.6–89.6 bp
Phemex SMCIUSDT · live order book, 3 min ago	6.09 bp	43.4 bp	61.3 bp	6.00 bp	104.7 bp	−$105	$57K	10x	80.2 bp	80.4 bp	64.6–100.8 bp
Bybit SMCIUSDT · live order book, 15 min ago	6.08 bp	23.0 bp	81.8 bp	5.50 bp	104.8 bp	−$105	$271K	25x	159.0 bp	134.5 bp	96.0–173.1 bp
KuCoin SMCIUSDTM · live order book, 28 min ago	23.10 bp	157.3 bp	232.3 bp	6.00 bp	389.6 bp	−$390	$32K	20x	431.0 bp	440.5 bp	320.9–545.3 bp
Variational Omni SMCI	5.76 bp	the book does not hold this size
BloFin SMCI-USDT	—	below $100k OI and volume: not sampled
Lighter RH SMCI	—	below $100k OI and volume: not sampled
Injective SMCI/USDC PERP	—	below $100k OI and volume: not sampled
Extended SMCI-USD	—	below $100k OI and volume: not sampled
SoDEX SMCI-USD	—	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.