Entry cost

TRUMP markets

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

Asset

Cheapest round trip on $10kHyperliquid13.8 bp

You pay, in and out−$14

Second cheapest costs+$1.03 more

Venues that fill it22of 31

Margin at 10x$1,000

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
Hyperliquid TRUMP · live order book, 7 min agocheapest	2.1830	0.045%/0.015%	1.37 bp	7.9 bp	5.9 bp	13.8 bp	−$14	$67K	$1,000 10x	7.8 bp	8.4 bp	4.4-12.2 bp
OKX TRUMP-USDT-SWAP · live order book, 4 min ago	2.1790	0.050%/0.020%	2.29 bp	7.5 bp	7.3 bp	14.8 bp	−$15	$3.0M	$200 50x	4.7 bp	4.8 bp	4.6-9.5 bp
Extended TRUMP-USD · live order book, 47 min ago	2.1799	0.025%/0.000%	4.56 bp	7.7 bp	7.7 bp	15.4 bp	−$15	$543K	$400 25x	14.9 bp	12.9 bp	10.5-15.2 bp
Binance TRUMPUSDT · live order book, 13 min ago	2.1797	0.050%/0.020%	2.30 bp	8.8 bp	7.3 bp	16.1 bp	−$16	$7.3M	$133 75x	4.7 bp	4.8 bp	4.7-10.3 bp
Backpack TRUMP_USDC_PERP · live order book, 48 min ago	2.1853	0.050%/0.020%	0.23 bp	9.0 bp	7.5 bp	16.5 bp	−$17	$63K	$1,000 10x	5.5 bp	4.8 bp	2.3-9.2 bp
Lighter TRUMP · live order book, 45 min ago	2.1798	0.000%/0.000%	1.60 bp	8.6 bp	8.8 bp	17.4 bp	−$17	$492K	$1,000 10x	10.7 bp	11.5 bp	7.7-15.2 bp
MEXC TRUMP_USDC · live order book, 39 min ago	2.1810	0.000%/0.010%	4.58 bp	9.6 bp	10.0 bp	19.6 bp	−$20	$3.9M	$80 125x	13.2 bp	17.4 bp	12.2-19.6 bp
Aster TRUMPUSDT · live order book, 47 min ago	2.1821	0.040%/0.000%	4.55 bp	9.9 bp	10.0 bp	19.9 bp	−$20	$320K	$500 20x	12.2 bp	12.7 bp	10.9-18.0 bp
Bitget TRUMPUSDT · live order book, 3 min ago	2.1810	0.060%/0.020%	2.29 bp	12.7 bp	8.3 bp	20.9 bp	−$21	$3.0M	$133 75x	10.3 bp	10.5 bp	5.0-14.2 bp
BloFin TRUMP-USDT · live order book, 3 min ago	2.1820	0.060%/0.020%	4.58 bp	10.6 bp	10.6 bp	21.2 bp	−$21	$6.8M	$133 75x	9.4 bp	9.8 bp	4.9-18.8 bp
Bybit TRUMPUSDT · live order book, 4 min ago	2.1800	0.055%/0.020%	2.29 bp	9.6 bp	11.6 bp	21.2 bp	−$21	$2.0M	$200 50x	8.4 bp	8.9 bp	4.7-13.7 bp
GRVT TRUMP_USDT_Perp · live order book, 4 min ago	2.1827	0.045%/0.000%	2.29 bp	8.9 bp	15.1 bp	24.0 bp	−$24	$713K	$1,000 10x	15.0 bp	14.4 bp	9.5-22.2 bp
Gate TRUMP_USDT · live order book, 4 min ago	2.1790	0.075%/0.020%	2.29 bp	13.7 bp	13.4 bp	27.1 bp	−$27	$2.8M	$133 75x	11.0 bp	12.3 bp	8.8-16.3 bp
edgeX TRUMPUSDC · live order book, 47 min ago	2.1809	0.045%/0.040%	6.83 bp	14.6 bp	14.0 bp	28.5 bp	−$29	$270K	$500 20x	20.1 bp	20.7 bp	19.7-23.8 bp
Deribit TRUMP_USDC-PERPETUAL · live order book, 48 min ago	2.1808	0.035%/0.015%	6.82 bp	20.7 bp	10.3 bp	31.0 bp	−$31	$68K	$1,000 10x	19.9 bp	19.3 bp	13.6-31.9 bp
Kraken Futures PF_TRUMPUSD · live order book, 3 min ago	2.1834	0.050%/0.020%	4.58 bp	18.1 bp	14.1 bp	32.1 bp	−$32	$764K	$200 50x	25.5 bp	25.7 bp	18.4-35.2 bp
Pacifica TRUMP · live order book, 48 min ago	2.1817	0.040%/0.015%	9.35 bp	15.9 bp	17.5 bp	33.4 bp	−$33	$50K	$1,000 10x	23.9 bp	25.9 bp	21.1-32.0 bp
HTX TRUMP-USDT · live order book, 4 min ago	2.1870	0.060%/0.020%	9.15 bp	18.1 bp	17.9 bp	35.9 bp	−$36	$70K	$200 50x	26.1 bp	23.0 bp	15.6-38.5 bp
KuCoin TRUMPUSDTM · live order book, 3 min ago	2.1820	0.060%/0.020%	2.29 bp	20.4 bp	17.3 bp	37.6 bp	−$38	$231K	$200 50x	25.4 bp	24.7 bp	18.9-30.1 bp
Coinbase International TRUMP-PERP-INTX · live order book, 48 min ago	2.1900	0.050%/—	15.93 bp	20.9 bp	25.4 bp	46.4 bp	−$46	$218K	$200 50x	32.9 bp	30.7 bp	21.4-39.8 bp
Injective TRUMP/USDC PERP · live order book, 34 min ago	2.1740	0.000%/—	48.42 bp	48.4 bp	48.4 bp	96.9 bp	−$97	$15K	$833 12x	94.8 bp	94.4 bp	88.6-100.7 bp
SunX TRUMP-USDT · live order book, 10 min ago	2.1830	0.040%/0.020%	32.10 bp	62.1 bp	92.9 bp	155.0 bp	−$155	$26K	$200 50x	148.6 bp	156.6 bp	147.1-161.7 bp
Variational Omni TRUMP	2.1851	0.000%/0.000%	4.98 bp	the book does not hold this size
gTrade (Gains Network) TRUMP/USD	2.1814	0.050%/0.035%	—	no public order book; price impact follows the exchange's formula
dYdX TRUMP-USD	2.1816	0.050%/0.010%	—	below $100k OI and volume: not sampled
Aevo TRUMP-PERP	2.1795	0.080%/0.050%	—	below $100k OI and volume: not sampled
GMX TRUMP/USD [ETH-USDC]	2.1810	0.060%/0.040%	—	oracle execution: slippage not modeled, see the exchange's docs
Paradex TRUMP-USD-PERP	2.1799	0.020%/0.000%	—	below $100k OI and volume: not sampled
Orderly PERP_TRUMP_USDC	2.1800	0.030%/0.000%	—	no order-book sample in the last 90 minutes
SoDEX TRUMP-USD	2.1796	0.040%/0.012%	—	below $100k OI and volume: not sampled
Reya TRUMPRUSDPERP	2.1791	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.