Entry cost

TWT markets

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

Asset

Cheapest round trip on $10kMEXC45.5 bp

You pay, in and out−$45

Second cheapest costs+$1.95 more

Venues that fill it7of 8

Margin at 125x$80

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 TWT_USDT · live order book, 1 min agocheapest	0.5896	0.040%/0.010%	1.70 bp	23.7 bp	21.8 bp	45.5 bp	−$45	$3.7M	$80 125x	33.0 bp	33.2 bp	25.4-42.0 bp
BloFin TWT-USDT · live order book, 41 min ago	0.5896	0.060%/0.020%	9.34 bp	24.5 bp	22.9 bp	47.4 bp	−$47	$242K	$133 75x	34.8 bp	34.4 bp	24.0-45.9 bp
BingX TWT-USDT · live order book, 7 min ago	0.5897	0.050%/0.020%	3.39 bp	29.0 bp	27.4 bp	56.5 bp	−$56	$19.1M	—	46.9 bp	47.9 bp	34.8-60.2 bp
Binance TWTUSDT · live order book, 10 min ago	0.5896	0.050%/0.020%	2.54 bp	30.7 bp	29.1 bp	59.8 bp	−$60	$653K	$133 75x	46.9 bp	47.3 bp	38.3-59.6 bp
Bybit TWTUSDT · live order book, 1 min ago	0.5898	0.055%/0.020%	2.54 bp	40.6 bp	38.0 bp	78.6 bp	−$79	$176K	$400 25x	67.3 bp	68.0 bp	53.7-86.7 bp
Gate TWT_USDT · live order book, 42 min ago	0.5904	0.075%/0.020%	10.19 bp	58.9 bp	66.3 bp	125.2 bp	−$125	$40K	$200 50x	118.4 bp	126.0 bp	98.5-232.8 bp
KuCoin TWTUSDTM · live order book, 3 min ago	0.5904	0.060%/0.020%	10.17 bp	147.8 bp	129.8 bp	277.6 bp	−$278	$148K	$333 30x	253.3 bp	257.1 bp	204.9-300.8 bp
Variational Omni TWT	0.5902	0.000%/0.000%	7.62 bp	the book does not hold this size

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.