Entry cost

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

AssetTypeSize15 of 24 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
MEXC USELESS_USDT · live order book, 4 min agocheapest	0.72 bp	16.6 bp	9.5 bp	4.00 bp	26.0 bp	−$26	$4.0M	50x	10.8 bp	11.5 bp	6.1–25.8 bp
ApeX Omni USELESSUSDT · live order book, 58 min ago	7.13 bp	16.1 bp	15.4 bp	5.00 bp	31.5 bp	−$32	$151K	25x	25.8 bp	24.9 bp	20.3–30.7 bp
Binance USELESSUSDT · live order book, 13 min ago	0.36 bp	16.6 bp	16.5 bp	5.00 bp	33.1 bp	−$33	$270K	50x	21.6 bp	22.6 bp	16.8–27.9 bp
OKX USELESS-USDT-SWAP · live order book, 4 min ago	0.18 bp	17.4 bp	17.5 bp	5.00 bp	35.0 bp	−$35	$117K	10x	24.8 bp	23.6 bp	17.5–30.3 bp
BingX USELESS-USDT · live order book, 10 min ago	3.26 bp	19.0 bp	19.2 bp	5.00 bp	38.3 bp	−$38	$5.6M	—	25.5 bp	26.4 bp	19.0–32.2 bp
BloFin USELESS-USDT · live order book, 3 min ago	1.81 bp	19.5 bp	19.7 bp	6.00 bp	39.2 bp	−$39	$125K	12x	23.2 bp	21.6 bp	13.1–30.8 bp
Bybit USELESSUSDT · live order book, 4 min ago	1.44 bp	21.8 bp	18.0 bp	5.50 bp	39.8 bp	−$40	$220K	13x	25.6 bp	24.4 bp	18.9–31.8 bp
Lighter USELESS · live order book, 1 min ago	4.66 bp	20.9 bp	24.4 bp	0.00 bp	45.3 bp	−$45	$366K	3x	28.8 bp	26.5 bp	19.1–39.7 bp
Aster USELESSUSDT · live order book, 3 min ago	8.48 bp	27.5 bp	24.5 bp	4.00 bp	52.0 bp	−$52	$52K	10x	36.4 bp	32.9 bp	24.7–46.2 bp
Bitget USELESSUSDT · live order book, 3 min ago	3.79 bp	30.1 bp	28.7 bp	6.00 bp	58.8 bp	−$59	$46K	20x	48.0 bp	48.4 bp	32.1–64.9 bp
SunX USELESS-USDT · live order book, 10 min ago	45.24 bp	64.6 bp	65.3 bp	5.00 bp	129.9 bp	−$130	$26K	10x	119.8 bp	119.7 bp	119.1–121.3 bp
Gate USELESS_USDT · live order book, 3 min ago	0.54 bp	57.7 bp	89.4 bp	7.50 bp	147.1 bp	−$147	$54K	50x	56.8 bp	46.3 bp	29.8–84.0 bp
KuCoin USELESSUSDTM · live order book, 3 min ago	3.43 bp	71.5 bp	80.2 bp	6.00 bp	151.7 bp	−$152	$12K	12x	73.9 bp	69.4 bp	51.7–104.2 bp
Extended USELESS-USD · live order book, 58 min ago	59.35 bp	77.4 bp	77.7 bp	2.50 bp	155.1 bp	−$155	$91K	5x	100.4 bp	93.6 bp	60.0–132.2 bp
edgeX USELESSUSDC · live order book, 57 min ago	1.07 bp	26.6 bp	170.5 bp	4.50 bp	197.0 bp	−$197	$12K	10x	185.9 bp	185.9 bp	111.1–220.2 bp
Hyperliquid USELESS	1.62 bp	the book does not hold this size (about $7k a side)
Variational Omni USELESS	5.37 bp	the book does not hold this size
Phemex USELESSUSDT	32.91 bp	the book does not hold this size (about $9.3k a side)
Polymarket Perps USELESS-USD	—	no order-book sample in the last 90 minutes
Pacifica USELESS	29.21 bp	the book does not hold this size (about $7.9k a side)
HTX USELESS-USDT	54.16 bp	the book does not hold this size (about $8.4k a side)
Orderly PERP_USELESS_USDC	—	no order-book sample in the last 90 minutes
Aevo USELESS-PERP	—	below $100k OI and volume: not sampled
Injective USELESS/USDC PERP	—	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. 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.