Entry cost

USDJPY marketsRWA

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

Asset

Cheapest round trip on $10kLighter7.3 bp

You pay, in and out−$7.34

Second cheapest costs+$6.32 more

Venues that fill it9of 15

Margin at 50x$200

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
Lighter USDJPY · live order book, 58 min agocheapest	157.18	0.000%/0.000%	1.81 bp	2.8 bp	4.6 bp	7.3 bp	−$7.34	$2.6M	$200 50x	6.0 bp	9.9 bp	5.8-16.5 bp
edgeX USDJPYUSDC · live order book, 60 min ago	157.26	0.045%/0.040%	2.23 bp	6.8 bp	6.8 bp	13.7 bp	−$14	$275K	$200 50x	4.0 bp	5.3 bp	3.4-6.6 bp
Bitget USDJPYUSDT · live order book, 58 min ago	157.32	0.060%/0.020%	0.95 bp	7.0 bp	7.0 bp	14.0 bp	−$14	$769K	$100 100x	3.6 bp	3.3 bp	1.6-7.6 bp
tradeXYZ xyz:JPY · live order book, 2 min ago	157.26	0.090%/0.030%	0.32 bp	9.3 bp	9.3 bp	18.6 bp	−$19	$546K	$200 50x	3.2 bp	7.7 bp	2.5-11.9 bp
Pacifica USDJPY · live order book, 61 min ago	157.25	0.040%/0.015%	4.77 bp	12.3 bp	14.5 bp	26.9 bp	−$27	$24K	$200 50x	22.6 bp	27.4 bp	19.4-40.3 bp
Extended USDJPY-USD · live order book, 61 min ago	157.33	0.025%/0.000%	6.08 bp	17.1 bp	14.4 bp	31.5 bp	−$31	$54K	$400 25x	25.0 bp	28.3 bp	22.3-34.5 bp
Bybit USDJPYUSDT · live order book, 43 min ago	157.22	0.055%/0.020%	2.99 bp	27.1 bp	19.9 bp	47.0 bp	−$47	$118K	$100 100x	80.7 bp	80.7 bp	41.3-108.0 bp
HTX USDJPY-USDT · live order book, 60 min ago	157.07	0.060%/0.020%	14.31 bp	55.7 bp	46.9 bp	102.6 bp	−$103	$92K	$500 20x	89.4 bp	81.6 bp	46.0-169.9 bp
SunX USDJPY-USDT · live order book, 10 min ago	157.25	0.040%/0.020%	80.44 bp	98.3 bp	99.3 bp	197.7 bp	−$198	$27K	$1,000 10x	190.0 bp	191.3 bp	189.5-193.4 bp
Nado USDJPY-PERP	157.38	0.007%/0.010%	—	below $100k OI and volume: not sampled
Injective USDJPY/USDC PERP	157.45	0.000%/—	—	below $100k OI and volume: not sampled
Ondo Perps USDJPY-USD.P	157.22	0.025%/0.020%	—	below $100k OI and volume: not sampled
Hotstuff USDJPY-PERP	157.28	0.025%/-0.002%	—	below $100k OI and volume: not sampled
Aevo USDJPY-PERP	157.13	0.080%/0.050%	—	below $100k OI and volume: not sampled
Orderly PERP_USDJPY_USDC	157.34	0.030%/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.