Entry cost

XLE marketsRWA

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

Asset

Cheapest round trip on $10kMEXC22.8 bp

You pay, in and out−$23

Second cheapest costs+$0.76 more

Venues that fill it9of 16

Margin at 20x$500

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 XLE_USDT · live order book, 51 min agocheapest	61.780	0.000%/0.010%	7.26 bp	8.8 bp	14.0 bp	22.8 bp	−$23	$5.0M	$500 20x	22.7 bp	22.1 bp	17.0-26.7 bp
QFEX XLE-USD · live order book, 7 min ago	61.860	0.050%/0.020%	3.24 bp	11.9 bp	11.7 bp	23.5 bp	−$24	$134K	$333 30x	11.5 bp	38.0 bp	11.1-193.5 bp
tradeXYZ xyz:XLE · live order book, 6 min ago	61.710	0.090%/0.030%	2.84 bp	12.0 bp	12.0 bp	24.0 bp	−$24	$108K	$500 20x	11.3 bp	26.3 bp	15.2-38.3 bp
edgeX XLEUSDC · live order book, 60 min ago	61.899	0.045%/0.040%	7.27 bp	14.0 bp	14.1 bp	28.1 bp	−$28	$67K	$1,000 10x	21.9 bp	95.8 bp	92.4-98.2 bp
Binance XLEUSDT · live order book, 11 min ago	61.820	0.050%/0.020%	4.04 bp	16.4 bp	16.0 bp	32.4 bp	−$32	$384K	$500 20x	21.1 bp	24.8 bp	17.0-34.5 bp
OKX XLE-USDT-SWAP · live order book, 59 min ago	61.850	0.050%/0.020%	3.23 bp	14.1 bp	20.1 bp	34.2 bp	−$34	$66K	$500 20x	27.3 bp	39.1 bp	29.1-57.8 bp
Bybit XLEUSDT · live order book, 53 min ago	61.740	0.055%/0.020%	2.42 bp	13.1 bp	33.5 bp	46.5 bp	−$47	$223K	$400 25x	79.0 bp	76.6 bp	43.0-124.8 bp
GRVT XLE_USDT_Perp · live order book, 59 min ago	61.900	0.045%/0.000%	4.84 bp	12.4 bp	36.5 bp	48.9 bp	−$49	$58K	$1,000 10x	48.3 bp	67.2 bp	44.2-98.3 bp
KuCoin XLEUSDTM · live order book, 3 min ago	61.830	0.060%/0.020%	5.66 bp	233.5 bp	376.1 bp	609.5 bp	−$610	$18K	$500 20x	455.0 bp	466.0 bp	289.7-708.3 bp
Bitget XLEUSDT	61.780	0.060%/0.020%	—	below $100k OI and volume: not sampled
Gate XLE_USDT	61.770	0.075%/0.020%	—	below $100k OI and volume: not sampled
BloFin XLE-USDT	61.750	0.060%/0.020%	—	below $100k OI and volume: not sampled
Variational Omni XLE	61.849	0.000%/0.000%	—	below $100k OI and volume: not sampled
HTX XLE-USDT	61.719	0.060%/0.020%	—	below $100k OI and volume: not sampled
Aster XLEUSDT	61.829	0.040%/0.000%	—	below $100k OI and volume: not sampled
SunX XLE-USDT	61.861	0.040%/0.020%	48.52 bp	the book does not hold this size (about $7.6k a side)

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.