Entry cost

ZM marketsRWA

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

Asset

Cheapest round trip on $10kPolymarket Perps17.4 bp

You pay, in and out−$17

Second cheapest costs+$8.32 more

Venues that fill it9of 13

Margin at 10x$1,000

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
Polymarket Perps ZM-USD · live order book, 24 min agocheapest	90.960	0.040%/0.013%	1.65 bp	9.6 bp	7.8 bp	17.4 bp	−$17	$288K	$1,000 10x	11.7 bp	11.1 bp	8.4-17.3 bp
QFEX ZM-USD · live order book, 5 min ago	91.180	0.050%/0.020%	4.94 bp	13.4 bp	12.3 bp	25.7 bp	−$26	$33K	$1,000 10x	18.9 bp	22.7 bp	12.9-240.1 bp
Binance ZMUSDT · live order book, 23 min ago	91.150	0.050%/0.020%	1.10 bp	23.2 bp	23.5 bp	46.7 bp	−$47	$612K	$500 20x	43.4 bp	47.8 bp	37.0-62.9 bp
tradeXYZ xyz:ZM · live order book, 8 min ago	91.011	0.090%/0.030%	6.42 bp	43.3 bp	19.1 bp	62.4 bp	−$62	$38K	$1,000 10x	47.7 bp	64.6 bp	39.9-79.1 bp
OKX ZM-USDT-SWAP · live order book, 56 min ago	91.020	0.050%/0.020%	8.78 bp	25.6 bp	93.7 bp	119.4 bp	−$119	$22K	$500 20x	160.4 bp	141.8 bp	96.0-164.7 bp
Bitget ZMUSDT · live order book, 51 min ago	91.080	0.060%/0.020%	16.47 bp	66.1 bp	66.9 bp	133.0 bp	−$133	$594K	$500 20x	93.9 bp	97.7 bp	59.0-177.4 bp
Gate ZM_USDT · live order book, 53 min ago	91.060	0.075%/0.020%	14.83 bp	52.8 bp	85.2 bp	137.9 bp	−$138	$15K	$500 20x	140.1 bp	149.2 bp	102.2-268.7 bp
SunX ZM-USDT · live order book, 3 min ago	91.150	0.040%/0.020%	48.82 bp	73.2 bp	67.8 bp	140.9 bp	−$141	$26K	$1,000 10x	156.0 bp	177.0 bp	130.6-222.5 bp
KuCoin ZMUSDTM · live order book, 7 min ago	91.020	0.060%/0.020%	3.29 bp	364.9 bp	217.8 bp	582.7 bp	−$583	$15K	$500 20x	569.5 bp	600.1 bp	447.1-6605.0 bp
Bybit ZMUSDT	91.150	0.055%/0.020%	—	below $100k OI and volume: not sampled
Variational Omni ZM	91.130	0.000%/0.000%	—	below $100k OI and volume: not sampled
Aster ZMUSDT	91.147	0.040%/0.000%	—	below $100k OI and volume: not sampled
HTX ZM-USDT	91.150	0.060%/0.020%	—	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.