Entry cost

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

AssetTypeSize13 of 15 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
Lighter STABLE · live order book, 40 min agocheapest	3.90 bp	16.5 bp	10.1 bp	0.00 bp	26.6 bp	−$27	$272K	3x	23.6 bp	22.3 bp	15.7–32.5 bp
MEXC STABLE_USDT · live order book, 50 min ago	3.88 bp	14.5 bp	15.6 bp	4.00 bp	30.2 bp	−$30	$5.7M	20x	23.1 bp	25.1 bp	13.6–31.4 bp
Hyperliquid STABLE · live order book, 40 min ago	1.95 bp	16.3 bp	18.5 bp	4.50 bp	34.8 bp	−$35	$10K	3x	—	38.4 bp	30.0–46.7 bp
BloFin STABLE-USDT · live order book, 41 min ago	5.85 bp	25.2 bp	15.6 bp	6.00 bp	40.9 bp	−$41	$447K	75x	31.6 bp	32.8 bp	22.3–47.0 bp
Binance STABLEUSDT · live order book, 6 min ago	1.95 bp	23.9 bp	27.4 bp	5.00 bp	51.3 bp	−$51	$453K	75x	38.7 bp	37.4 bp	26.6–49.9 bp
BingX STABLE-USDT · live order book, 11 min ago	11.65 bp	37.0 bp	33.7 bp	5.00 bp	70.8 bp	−$71	$5.2M	—	45.9 bp	44.5 bp	33.3–58.6 bp
Extended STABLE-USD · live order book, 53 min ago	4.64 bp	37.2 bp	34.7 bp	2.50 bp	71.9 bp	−$72	$274K	10x	63.7 bp	63.7 bp	61.9–70.1 bp
OKX STABLE-USDT-SWAP · live order book, 46 min ago	5.83 bp	36.8 bp	36.4 bp	5.00 bp	73.2 bp	−$73	$103K	20x	57.1 bp	66.1 bp	54.8–74.0 bp
Bybit STABLEUSDT · live order book, 1 min ago	3.88 bp	38.0 bp	40.3 bp	5.50 bp	78.3 bp	−$78	$107K	25x	55.4 bp	52.1 bp	38.8–65.8 bp
Aster STABLEUSDT · live order book, 23 min ago	13.60 bp	46.7 bp	42.4 bp	4.00 bp	89.0 bp	−$89	$14K	20x	61.5 bp	65.0 bp	56.1–124.6 bp
Bitget STABLEUSDT · live order book, 50 min ago	5.82 bp	80.1 bp	83.6 bp	6.00 bp	163.7 bp	−$164	$88K	25x	154.8 bp	154.2 bp	107.2–177.1 bp
Gate STABLE_USDT · live order book, 51 min ago	5.81 bp	279.4 bp	193.9 bp	7.50 bp	473.3 bp	−$473	$42K	50x	578.3 bp	533.3 bp	346.5–669.7 bp
KuCoin STABLEUSDTM · live order book, 6 min ago	11.67 bp	1243.6 bp	688.6 bp	6.00 bp	1932.2 bp	−$1,932	$45K	30x	1001.2 bp	1427.1 bp	581.5–1705.7 bp
Variational Omni STABLE	9.74 bp	the book does not hold this size
SunX STABLE-USDT	500.10 bp	the book does not hold this size (about $941 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.