Entry cost

THETA markets

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

Asset

Cheapest round trip on $10kMEXC17.0 bp

You pay, in and out−$17

Second cheapest costs+$22 more

Venues that fill it8of 12

Margin at 100x$100

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 THETA_USDT · live order book, 2 min agocheapest	0.2254	0.020%/0.010%	2.22 bp	7.7 bp	9.3 bp	17.0 bp	−$17	$4.2M	$100 100x	17.7 bp	19.5 bp	13.2-25.2 bp
Binance THETAUSDT · live order book, 4 min ago	0.2255	0.050%/0.020%	2.22 bp	19.9 bp	18.8 bp	38.7 bp	−$39	$1.2M	$133 75x	28.9 bp	29.2 bp	25.1-34.6 bp
Bybit THETAUSDT · live order book, 3 min ago	0.2252	0.055%/0.020%	4.44 bp	16.5 bp	23.9 bp	40.4 bp	−$40	$330K	$133 75x	32.5 bp	31.9 bp	26.6-39.9 bp
Bitget THETAUSDT · live order book, 2 min ago	0.2254	0.060%/0.020%	4.44 bp	20.9 bp	23.2 bp	44.1 bp	−$44	$307K	$200 50x	36.1 bp	37.1 bp	25.4-46.4 bp
BingX THETA-USDT · live order book, 1 min ago	0.2254	0.050%/0.020%	6.66 bp	22.0 bp	25.3 bp	47.3 bp	−$47	$13.1M	—	34.9 bp	34.7 bp	26.8-41.7 bp
OKX THETA-USDT-SWAP · live order book, 3 min ago	0.2247	0.050%/0.020%	2.22 bp	26.7 bp	28.1 bp	54.8 bp	−$55	$68K	$500 20x	46.8 bp	53.1 bp	43.9-65.2 bp
KuCoin THETAUSDTM · live order book, 1 min ago	0.2254	0.060%/0.020%	2.22 bp	40.7 bp	36.3 bp	77.0 bp	−$77	$238K	$200 50x	90.0 bp	104.3 bp	83.5-139.2 bp
Gate THETA_USDT · live order book, 47 min ago	0.2253	0.075%/0.020%	4.45 bp	49.6 bp	65.9 bp	115.5 bp	−$116	$50K	$200 50x	107.6 bp	103.4 bp	88.4-159.6 bp
Variational Omni THETA	0.2250	0.000%/0.000%	8.90 bp	the book does not hold this size
Kraken Futures PF_THETAUSD	0.2253	0.050%/0.020%	—	below $100k OI and volume: not sampled
Aster THETAUSDT	0.2254	0.040%/0.000%	—	below $100k OI and volume: not sampled
Injective THETA/USDC PERP	0.2136	0.000%/—	—	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.