Entry cost

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

AssetTypeSize6 of 9 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 TEM-USD · live order book, 3 min agocheapest	2.51 bp	12.5 bp	11.2 bp	5.00 bp	23.7 bp	−$24	$427K	10x	54.5 bp	2563.3 bp	2563.3–2563.3 bp
Binance TEMUSDT · live order book, 4 min ago	5.61 bp	22.8 bp	22.8 bp	5.00 bp	45.6 bp	−$46	$308K	20x	40.5 bp	49.4 bp	30.7–65.9 bp
Bitget TEMUSDT · live order book, 3 min ago	16.90 bp	24.6 bp	23.7 bp	6.00 bp	48.2 bp	−$48	$1.1M	20x	28.0 bp	11.8 bp	8.2–34.5 bp
Phemex TEMUSDT · live order book, 9 min ago	21.24 bp	54.2 bp	60.8 bp	6.00 bp	115.0 bp	−$115	$25K	20x	69.5 bp	70.4 bp	63.0–80.1 bp
Bybit TEMUSDT · live order book, 42 min ago	10.14 bp	65.9 bp	76.5 bp	5.50 bp	142.4 bp	−$142	$98K	25x	109.1 bp	111.1 bp	68.4–138.3 bp
OKX TEM-USDT-SWAP · live order book, 13 min ago	25.14 bp	123.7 bp	86.9 bp	5.00 bp	210.5 bp	−$211	$42K	20x	139.6 bp	139.6 bp	35.6–188.3 bp
Gate TEM_USDT	—	below $100k OI and volume: not sampled
Injective TEM/USDC PERP	—	below $100k OI and volume: not sampled
HTX TEM-USDT	85.46 bp	the book does not hold this size (about $5.4k 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.