Entry cost

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

AssetTypeSize12 of 16 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 ZEN_USDT · live order book, 4 min agocheapest	0.64 bp	9.5 bp	5.7 bp	2.00 bp	15.2 bp	−$15	$5.7M	200x	11.6 bp	11.5 bp	8.1–14.5 bp
Binance ZENUSDT · live order book, 3 min ago	0.64 bp	11.2 bp	13.3 bp	5.00 bp	24.4 bp	−$24	$1.0M	75x	17.2 bp	16.7 bp	13.3–19.7 bp
BloFin ZEN-USDT · live order book, 4 min ago	2.55 bp	13.0 bp	15.9 bp	6.00 bp	28.9 bp	−$29	$868K	75x	17.1 bp	16.7 bp	8.6–22.5 bp
ApeX Omni ZENUSDT · live order book, 45 min ago	7.61 bp	15.0 bp	14.7 bp	5.00 bp	29.7 bp	−$30	$152K	50x	18.8 bp	18.9 bp	14.9–22.0 bp
BingX ZEN-USDT · live order book, 1 min ago	3.16 bp	14.5 bp	15.7 bp	5.00 bp	30.2 bp	−$30	$30.6M	—	22.0 bp	20.9 bp	14.8–25.5 bp
OKX ZEN-USDT-SWAP · live order book, 4 min ago	1.28 bp	17.4 bp	17.3 bp	5.00 bp	34.7 bp	−$35	$122K	50x	23.6 bp	23.6 bp	18.8–29.5 bp
Bitget ZENUSDT · live order book, 4 min ago	3.82 bp	19.1 bp	18.7 bp	6.00 bp	37.9 bp	−$38	$362K	50x	24.2 bp	22.8 bp	16.8–28.7 bp
Extended ZEN-USD · live order book, 43 min ago	3.45 bp	20.8 bp	19.3 bp	2.50 bp	40.1 bp	−$40	$374K	5x	35.1 bp	35.1 bp	35.1–35.1 bp
Aster ZENUSDT · live order book, 29 min ago	10.15 bp	19.5 bp	22.0 bp	4.00 bp	41.5 bp	−$42	$18K	10x	34.7 bp	34.9 bp	30.2–42.0 bp
Bybit ZENUSDT · live order book, 4 min ago	1.28 bp	31.4 bp	33.8 bp	5.50 bp	65.2 bp	−$65	$212K	75x	51.5 bp	53.6 bp	43.9–67.9 bp
KuCoin ZENUSDTM · live order book, 4 min ago	3.18 bp	48.5 bp	19.6 bp	6.00 bp	68.1 bp	−$68	$296K	50x	55.6 bp	58.3 bp	36.7–97.2 bp
Kraken Futures PF_ZENUSD · live order book, 4 min ago	20.36 bp	65.0 bp	31.2 bp	5.00 bp	96.2 bp	−$96	$120K	25x	87.2 bp	81.1 bp	65.8–121.0 bp
Hyperliquid ZEN	0.06 bp	the book does not hold this size (about $2.7k a side)
Variational Omni ZEN	5.23 bp	the book does not hold this size
dYdX ZEN-USD	—	below $100k OI and volume: not sampled
SunX ZEN-USDT	500.51 bp	the book does not hold this size (about $1k 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. 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.