Entry cost

W markets

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

Asset

Cheapest round trip on $10kMEXC15.5 bp

You pay, in and out−$15

Second cheapest costs+$27 more

Venues that fill it12of 17

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
MEXC W_USDT · live order book, 4 min agocheapest	0.01182	0.020%/0.010%	0.85 bp	7.2 bp	8.3 bp	15.5 bp	−$15	$7.3M	$200 50x	15.3 bp	15.6 bp	10.5-21.1 bp
Binance WUSDT · live order book, 15 min ago	0.01181	0.050%/0.020%	1.71 bp	20.8 bp	21.4 bp	42.2 bp	−$42	$552K	$200 50x	34.0 bp	34.3 bp	28.6-41.5 bp
BingX W-USDT · live order book, 18 min ago	0.01181	0.050%/0.020%	3.42 bp	23.2 bp	22.5 bp	45.7 bp	−$46	$5.9M	—	37.7 bp	37.1 bp	30.9-45.0 bp
Bitget WUSDT · live order book, 2 min ago	0.01183	0.060%/0.020%	4.23 bp	21.9 bp	26.5 bp	48.4 bp	−$48	$234K	$200 50x	53.5 bp	52.2 bp	34.8-78.5 bp
Hyperliquid W · live order book, 2 min ago	0.01182	0.045%/0.015%	4.22 bp	28.6 bp	24.9 bp	53.5 bp	−$54	$24K	$2,000 5x	37.5 bp	37.6 bp	27.0-51.3 bp
OKX W-USDT-SWAP · live order book, 3 min ago	0.01178	0.050%/0.020%	5.50 bp	29.3 bp	29.5 bp	58.7 bp	−$59	$32K	$500 20x	51.6 bp	50.6 bp	43.1-60.8 bp
Bybit WUSDT · live order book, 4 min ago	0.01179	0.055%/0.020%	4.66 bp	30.4 bp	32.1 bp	62.5 bp	−$62	$210K	$200 50x	54.9 bp	54.0 bp	44.2-61.8 bp
Kraken Futures PF_WUSD · live order book, 18 min ago	0.01184	0.050%/0.020%	8.53 bp	87.7 bp	48.1 bp	135.8 bp	−$136	$12K	$500 20x	109.0 bp	164.7 bp	93.9-254.0 bp
Extended W-USD · live order book, 18 min ago	0.01181	0.025%/0.000%	1.71 bp	101.8 bp	38.5 bp	140.3 bp	−$140	$209K	$2,000 5x	140.5 bp	139.7 bp	102.1-167.8 bp
GRVT W_USDT_Perp · live order book, 18 min ago	0.01181	0.045%/0.000%	8.54 bp	138.4 bp	53.6 bp	192.0 bp	−$192	$243K	$1,000 10x	194.9 bp	191.9 bp	160.4-326.8 bp
KuCoin WUSDTM · live order book, 12 min ago	0.01181	0.060%/0.020%	8.55 bp	153.5 bp	106.9 bp	260.4 bp	−$260	$117K	$200 50x	210.2 bp	208.3 bp	178.4-243.3 bp
Gate W_USDT · live order book, 16 min ago	0.01180	0.075%/0.020%	3.42 bp	221.6 bp	317.5 bp	539.1 bp	−$539	$30K	$133 75x	441.1 bp	437.6 bp	338.8-559.6 bp
Variational Omni W	0.01181	0.000%/0.000%	—	below $100k OI and volume: not sampled
Backpack W_USDC_PERP	0.01183	0.050%/0.020%	—	below $100k OI and volume: not sampled
Deribit W_USDC-PERPETUAL	0.01182	0.035%/0.015%	—	below $100k OI and volume: not sampled
Coinbase International W-PERP-INTX	0.01184	0.050%/—	—	below $100k OI and volume: not sampled
Injective W/USDC PERP	0.01209	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.