Entry cost

TZA marketsRWA

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

Asset

Cheapest round trip on $10kedgeX33.3 bp

You pay, in and out−$33

Second cheapest costs+$6.84 more

Venues that fill it6of 8

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
edgeX TZAUSDC · live order book, 23 min agocheapest	43.573	0.045%/0.040%	9.09 bp	16.6 bp	16.7 bp	33.3 bp	−$33	$79K	$1,000 10x	27.1 bp	174.5 bp	169.1-180.7 bp
Binance TZAUSDT · live order book, 57 min ago	43.580	0.050%/0.020%	3.41 bp	13.8 bp	26.4 bp	40.2 bp	−$40	$381K	$400 25x	30.0 bp	58.7 bp	48.0-69.8 bp
MEXC TZA_USDT · live order book, 4 min ago	43.590	0.000%/0.010%	5.73 bp	16.7 bp	25.9 bp	42.7 bp	−$43	$4.7M	$200 50x	21.4 bp	35.3 bp	28.4-44.8 bp
Bybit TZAUSDT · live order book, 14 min ago	43.540	0.055%/0.020%	5.68 bp	82.2 bp	43.9 bp	126.2 bp	−$126	$195K	$400 25x	75.3 bp	175.3 bp	151.4-210.6 bp
Gate TZA_USDT · live order book, 15 min ago	43.710	0.075%/0.020%	40.86 bp	81.5 bp	58.8 bp	140.3 bp	−$140	$35K	$500 20x	178.2 bp	222.5 bp	138.9-390.8 bp
Bitget TZAUSDT · live order book, 6 min ago	43.629	0.060%/0.020%	23.83 bp	64.3 bp	132.6 bp	196.8 bp	−$197	$722K	$500 20x	46.1 bp	56.1 bp	31.9-90.4 bp
Variational Omni TZA	43.558	0.000%/0.000%	7.30 bp	the book does not hold this size
HTX TZA-USDT	43.580	0.060%/0.020%	—	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.