Entry cost

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

AssetTypeSize5 of 7 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
tradeXYZ xyz:TLT · live order book, 54 min agocheapest	5.14 bp	14.2 bp	14.6 bp	9.00 bp	28.8 bp	−$29	$179K	20x	37.8 bp	44.6 bp	17.5–69.7 bp
HTX TLT-USDT · live order book, 16 min ago	41.81 bp	56.9 bp	61.6 bp	6.00 bp	118.5 bp	−$118	$28K	20x	152.7 bp	168.2 bp	117.6–285.9 bp
MEXC TLT_USDT · live order book, 62 min ago	16.47 bp	65.3 bp	53.4 bp	0.00 bp	118.8 bp	−$119	$3.8M	20x	126.6 bp	129.0 bp	94.1–187.8 bp
Gate TLT_USDT · live order book, 13 min ago	20.68 bp	123.2 bp	135.0 bp	7.50 bp	258.2 bp	−$258	$32K	50x	285.0 bp	240.5 bp	184.5–416.2 bp
Bybit TLTUSDT · live order book, 18 min ago	15.86 bp	39.4 bp	298.8 bp	5.50 bp	338.2 bp	−$338	$38K	25x	498.4 bp	444.9 bp	351.0–553.2 bp
BloFin TLT-USDT	—	below $100k OI and volume: not sampled
SunX TLT-USDT	85.30 bp	the book does not hold this size (about $8.1k 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.