Entry cost

TAO markets

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

Asset

Cheapest round trip on $10kMEXC5.5 bp

You pay, in and out−$5.47

Second cheapest costs+$4.80 more

Venues that fill it30of 43

Margin at 300x$33

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
MEXC TAO_USDT · live order book, 5 min agocheapest	312.63	0.000%/0.010%	0.16 bp	2.8 bp	2.6 bp	5.5 bp	−$5.47	$9.7M	$33 300x	3.7 bp	3.7 bp	1.7-5.9 bp
Bulk TAO-USD · live order book, 19 min ago	313.13	0.035%/0.000%	1.53 bp	5.2 bp	5.0 bp	10.3 bp	−$10	$2.8M	$1,000 10x	1.8 bp	1.7 bp	0.4-4.0 bp
Extended TAO-USD · live order book, 5 min ago	312.64	0.025%/0.000%	2.71 bp	5.5 bp	7.2 bp	12.7 bp	−$13	$358K	$400 25x	6.3 bp	6.3 bp	4.0-8.7 bp
BingX TAO-USDT · live order book, 19 min ago	312.82	0.050%/0.020%	0.81 bp	7.4 bp	6.3 bp	13.7 bp	−$14	$17.5M	—	3.7 bp	3.6 bp	1.9-5.6 bp
Polymarket Perps TAO-USD · live order book, 18 min ago	314.43	0.040%/0.013%	2.89 bp	7.0 bp	6.9 bp	13.9 bp	−$14	$285K	$2,000 5x	7.0 bp	6.8 bp	4.9-9.0 bp
Binance TAOUSDT · live order book, 5 min ago	313.10	0.050%/0.020%	0.16 bp	6.7 bp	8.6 bp	15.3 bp	−$15	$2.7M	$133 75x	4.8 bp	4.8 bp	2.2-6.7 bp
Nado TAO-PERP · live order book, 5 min ago	314.03	0.035%/0.010%	0.80 bp	6.9 bp	9.0 bp	15.9 bp	−$16	$362K	$1,000 10x	8.4 bp	7.9 bp	6.0-10.9 bp
Lighter TAO · live order book, 3 min ago	313.76	0.000%/0.000%	2.05 bp	11.4 bp	5.6 bp	17.0 bp	−$17	$508K	$2,000 5x	9.5 bp	8.6 bp	5.5-12.8 bp
GRVT TAO_USDT_Perp · live order book, 19 min ago	314.87	0.045%/0.000%	0.16 bp	11.6 bp	7.0 bp	18.6 bp	−$19	$308K	$1,000 10x	6.3 bp	7.3 bp	4.3-12.1 bp
Backpack TAO_USDC_PERP · live order book, 19 min ago	313.08	0.050%/0.020%	3.71 bp	8.9 bp	10.1 bp	19.0 bp	−$19	$18K	$1,000 10x	6.2 bp	4.5 bp	3.3-7.7 bp
Aster TAOUSDT · live order book, 5 min ago	312.57	0.040%/0.000%	0.16 bp	7.8 bp	11.9 bp	19.7 bp	−$20	$2.3M	$200 50x	9.5 bp	9.7 bp	6.5-12.9 bp
Bybit TAOUSDT · live order book, 5 min ago	312.48	0.055%/0.020%	0.16 bp	11.6 bp	8.6 bp	20.1 bp	−$20	$1.9M	$200 50x	7.8 bp	6.7 bp	4.1-9.9 bp
RISEx TAO/USDC · live order book, 19 min ago	314.86	0.030%/0.010%	6.90 bp	10.8 bp	10.4 bp	21.2 bp	−$21	$69K	$2,000 5x	4.5 bp	4.2 bp	2.6-5.5 bp
OKX TAO-USDT-SWAP · live order book, 5 min ago	312.80	0.050%/0.020%	1.60 bp	13.1 bp	9.2 bp	22.4 bp	−$22	$1.3M	$200 50x	9.3 bp	9.5 bp	5.3-11.1 bp
Hyperliquid TAO · live order book, 5 min ago	313.71	0.045%/0.015%	0.32 bp	8.7 bp	13.8 bp	22.5 bp	−$23	$17K	$2,000 5x	5.8 bp	5.3 bp	3.1-7.4 bp
Bitget TAOUSDT · live order book, 5 min ago	312.87	0.060%/0.020%	2.08 bp	12.6 bp	10.2 bp	22.7 bp	−$23	$451K	$200 50x	9.9 bp	9.1 bp	5.7-12.9 bp
edgeX TAOUSDC · live order book, 18 min ago	313.87	0.045%/0.040%	8.03 bp	12.5 bp	12.5 bp	25.1 bp	−$25	$213K	$1,000 10x	14.1 bp	14.1 bp	11.2-15.4 bp
Coinbase International TAO-PERP-INTX · live order book, 5 min ago	314.55	0.050%/—	6.85 bp	11.9 bp	13.6 bp	25.5 bp	−$25	$624K	$200 50x	17.8 bp	17.4 bp	13.2-19.3 bp
BloFin TAO-USDT · live order book, 5 min ago	314.01	0.060%/0.020%	5.75 bp	13.2 bp	13.0 bp	26.2 bp	−$26	$852K	$100 100x	7.5 bp	7.3 bp	3.2-12.1 bp
ApeX Omni TAOUSDT · live order book, 17 min ago	314.08	0.050%/0.020%	6.41 bp	13.8 bp	14.6 bp	28.3 bp	−$28	$161K	$200 50x	16.8 bp	16.2 bp	14.3-19.2 bp
Phoenix TAO · live order book, 16 min ago	314.80	0.035%/0.005%	3.20 bp	18.7 bp	9.7 bp	28.4 bp	−$28	$418K	$2,000 5x	31.2 bp	33.9 bp	30.8-34.2 bp
KuCoin TAOUSDTM · live order book, 5 min ago	312.65	0.060%/0.020%	1.12 bp	17.9 bp	17.0 bp	34.9 bp	−$35	$175K	$133 75x	18.9 bp	17.5 bp	11.9-23.4 bp
Arcus TAO-USD · live order book, 19 min ago	314.84	0.022%/0.000%	13.88 bp	16.9 bp	18.4 bp	35.3 bp	−$35	$162K	$2,000 5x	19.7 bp	17.9 bp	13.8-65.2 bp
Gate TAO_USDT · live order book, 5 min ago	312.80	0.075%/0.020%	3.20 bp	19.4 bp	19.4 bp	38.8 bp	−$39	$6.6M	$200 50x	14.0 bp	14.0 bp	10.3-18.5 bp
Kraken Futures PF_TAOUSD · live order book, 5 min ago	314.03	0.050%/0.020%	12.62 bp	29.7 bp	18.3 bp	48.0 bp	−$48	$1.5M	$200 50x	17.0 bp	16.7 bp	11.3-23.7 bp
Phemex TAOUSDT · live order book, 5 min ago	312.92	0.060%/0.010%	13.09 bp	31.0 bp	35.8 bp	66.8 bp	−$67	$21K	$200 50x	28.4 bp	21.1 bp	13.2-39.5 bp
Popdex TAOUSDT · live order book, 19 min ago	314.37	0.032%/0.010%	27.82 bp	37.4 bp	36.1 bp	73.6 bp	−$74	$260K	$500 20x	14.8 bp	13.7 bp	9.1-20.7 bp
dYdX TAO-USD · live order book, 10 min ago	313.10	0.050%/0.010%	44.90 bp	49.9 bp	50.0 bp	99.8 bp	−$100	$149.9M	$2,000 5x	89.8 bp	—	—
HTX TAO-USDT · live order book, 18 min ago	313.25	0.060%/0.020%	26.53 bp	179.1 bp	33.2 bp	212.3 bp	−$212	$37K	$500 20x	109.7 bp	102.8 bp	79.2-162.6 bp
Aevo TAO-PERP · live order book, 19 min ago	314.46	0.080%/0.050%	190.85 bp	210.1 bp	212.4 bp	422.5 bp	−$422	$93K	$3,333 3x	78.2 bp	78.7 bp	65.9-119.7 bp
Variational Omni TAO	314.12	0.000%/0.000%	2.89 bp	the book does not hold this size
GMX TAO/USD [WBTC.b-USDC]	313.42	0.060%/0.040%	—	oracle execution: slippage not modeled, see the exchange's docs
Pacifica TAO	314.57	0.040%/0.015%	3.05 bp	the book does not hold this size (about $8.2k a side)
Orderly PERP_TAO_USDC	313.71	0.030%/0.000%	—	no order-book sample in the last 90 minutes
gTrade (Gains Network) TAO/USD	313.48	0.050%/0.035%	—	no public order book; price impact follows the exchange's formula
Injective TAO/USDC PERP	316.14	0.000%/—	—	below $100k OI and volume: not sampled
Deribit TAO_USDC-PERPETUAL	313.71	0.035%/0.015%	11.98 bp	the book does not hold this size (about $4.7k a side)
Paradex TAO-USD-PERP	314.65	0.020%/0.000%	—	below $100k OI and volume: not sampled
Bullet TAO-USD	313.63	0.040%/0.010%	—	below $100k OI and volume: not sampled
01 Exchange TAOUSD	315.10	0.035%/0.010%	—	below $100k OI and volume: not sampled
SunX TAO-USDT	313.15	0.040%/0.020%	500.21 bp	the book does not hold this size (about $1k a side)
Katana Perps TAO-USD	314.59	0.019%/0.005%	—	no order-book sample in the last 90 minutes
Reya TAORUSDPERP	314.05	0.030%/0.030%	—	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. 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.