Entry cost

XPD marketsRWA

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

Asset

Cheapest round trip on $10kMEXC1.4 bp

You pay, in and out−$1.44

Second cheapest costs+$16 more

Venues that fill it10of 17

Margin at 100x$100

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 XPD_USDT · live order book, 7 min agocheapest	1,321.6	0.000%/0.010%	0.72 bp	0.7 bp	0.7 bp	1.4 bp	−$1.44	$7.7M	$100 100x	2.4 bp	30.5 bp	12.1-45.9 bp
GRVT XPD_USDT_Perp · live order book, 47 min ago	1,320.7	0.045%/0.000%	0.87 bp	8.6 bp	8.6 bp	17.2 bp	−$17	$56K	$400 25x	10.1 bp	10.6 bp	7.0-13.7 bp
edgeX XPDUSDC · live order book, 20 min ago	1,321.5	0.045%/0.040%	8.13 bp	13.6 bp	13.7 bp	27.3 bp	−$27	$145K	$1,000 10x	6.7 bp	96.4 bp	94.3-99.0 bp
Binance XPDUSDT · live order book, 16 min ago	1,321.3	0.050%/0.020%	0.80 bp	15.3 bp	12.8 bp	28.1 bp	−$28	$2.9M	$100 100x	18.2 bp	17.7 bp	11.9-21.9 bp
tradeXYZ xyz:PALLADIUM · live order book, 6 min ago	1,319.5	0.090%/0.030%	1.14 bp	13.9 bp	16.8 bp	30.7 bp	−$31	$88K	$500 20x	8.9 bp	13.2 bp	9.7-16.4 bp
OKX XPD-USDT-SWAP · live order book, 19 min ago	1,321.1	0.050%/0.020%	0.76 bp	17.3 bp	14.6 bp	31.9 bp	−$32	$145K	$200 50x	22.4 bp	22.8 bp	19.1-32.4 bp
Bitget XPDUSDT · live order book, 2 min ago	1,320.9	0.060%/0.020%	5.64 bp	17.8 bp	17.4 bp	35.1 bp	−$35	$782K	$100 100x	19.9 bp	21.6 bp	18.3-25.1 bp
Lighter XPD · live order book, 13 min ago	1,322.2	0.000%/0.000%	1.89 bp	13.2 bp	22.1 bp	35.2 bp	−$35	$426K	$500 20x	36.6 bp	40.7 bp	32.3-49.0 bp
Gate XPD_USDT · live order book, 1 min ago	1,321.5	0.075%/0.020%	1.10 bp	25.5 bp	28.1 bp	53.6 bp	−$54	$268K	$100 100x	36.8 bp	44.3 bp	37.9-47.7 bp
KuCoin XPDUSDTM · live order book, 63 min ago	1,320.3	0.060%/0.020%	19.05 bp	82.3 bp	52.6 bp	135.0 bp	−$135	$99K	$133 75x	177.4 bp	486.1 bp	251.6-802.4 bp
Variational Omni XPD	1,321.6	0.000%/0.000%	2.24 bp	the book does not hold this size
BloFin XPD-USDT	1,320.7	0.060%/0.020%	—	below $100k OI and volume: not sampled
Aster XPDUSDT	1,320.7	0.040%/0.000%	—	below $100k OI and volume: not sampled
Injective XPD/USDC PERP	1,332.8	0.000%/—	—	below $100k OI and volume: not sampled
HTX XPD-USDT	1,321.6	0.060%/0.020%	—	below $100k OI and volume: not sampled
gTrade (Gains Network) XPD/USD	1,319.8	0.050%/0.035%	—	no public order book; price impact follows the exchange's formula
SunX XPD-USDT	1,320	0.040%/0.020%	900.05 bp	the book does not hold this size (about $536 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.