Entry cost

Cost to open and close $10k of ZK, 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
Lighter ZK · live order book, 26 min agocheapest	4.67 bp	11.6 bp	5.5 bp	0.00 bp	17.1 bp	−$17	$147K	8x	14.9 bp	16.1 bp	10.3–24.1 bp
BloFin ZK-USDT · live order book, 36 min ago	0.86 bp	17.4 bp	16.0 bp	6.00 bp	33.4 bp	−$33	$257K	75x	24.1 bp	25.1 bp	16.6–35.7 bp
BingX ZK-USDT · live order book, 3 min ago	2.99 bp	18.9 bp	17.5 bp	5.00 bp	36.5 bp	−$36	$6.6M	—	31.4 bp	30.6 bp	25.2–37.1 bp
Hyperliquid ZK · live order book, 21 min ago	2.11 bp	19.7 bp	16.9 bp	4.50 bp	36.6 bp	−$37	$17K	5x	27.9 bp	34.4 bp	26.4–42.5 bp
Binance ZKUSDT · live order book, 16 min ago	1.70 bp	20.4 bp	16.5 bp	5.00 bp	37.0 bp	−$37	$666K	75x	28.5 bp	32.3 bp	25.1–39.6 bp
OKX ZK-USDT-SWAP · live order book, 3 min ago	2.99 bp	15.7 bp	21.5 bp	5.00 bp	37.2 bp	−$37	$86K	20x	35.5 bp	47.0 bp	31.5–65.4 bp
Bitget ZKUSDT · live order book, 2 min ago	4.27 bp	18.9 bp	24.5 bp	6.00 bp	43.3 bp	−$43	$334K	75x	38.6 bp	47.3 bp	35.4–60.5 bp
ApeX Omni ZKUSDT · live order book, 44 min ago	12.81 bp	23.9 bp	22.8 bp	5.00 bp	46.6 bp	−$47	$86K	50x	36.0 bp	37.1 bp	30.2–43.0 bp
Bybit ZKUSDT · live order book, 4 min ago	3.42 bp	28.3 bp	30.7 bp	5.50 bp	59.0 bp	−$59	$270K	25x	40.3 bp	50.6 bp	37.7–60.0 bp
Gate ZK_USDT · live order book, 41 min ago	8.58 bp	34.4 bp	30.7 bp	7.50 bp	65.1 bp	−$65	$41K	50x	52.0 bp	129.0 bp	48.2–174.3 bp
Kraken Futures PF_ZKUSD · live order book, 43 min ago	45.87 bp	143.7 bp	54.8 bp	5.00 bp	198.6 bp	−$199	$148K	25x	151.3 bp	142.1 bp	102.2–201.2 bp
KuCoin ZKUSDTM · live order book, 11 min ago	4.26 bp	102.5 bp	105.3 bp	6.00 bp	207.8 bp	−$208	$176K	50x	171.0 bp	174.4 bp	137.7–216.1 bp
Variational Omni ZK	—	below $100k OI and volume: not sampled
Aster ZKUSDT	—	below $100k OI and volume: not sampled
Pacifica ZK	—	below $100k OI and volume: not sampled
Injective ZK/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.