Entry cost

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

AssetTypeSize19 of 26 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 ZRO_USDT · live order book, 3 min agocheapest	1.23 bp	5.6 bp	4.1 bp	0.00 bp	9.7 bp	−$10	$5.8M	125x	12.0 bp	11.4 bp	8.3–15.8 bp
Backpack ZRO_USDC_PERP · live order book, 58 min ago	0.41 bp	6.7 bp	6.1 bp	5.00 bp	12.8 bp	−$13	$57K	20x	2.8 bp	3.2 bp	2.5–4.8 bp
Polymarket Perps ZRO-USD · live order book, 58 min ago	4.05 bp	8.0 bp	10.2 bp	4.00 bp	18.3 bp	−$18	$96K	5x	7.0 bp	6.9 bp	4.1–9.8 bp
BingX ZRO-USDT · live order book, 13 min ago	4.12 bp	10.1 bp	10.7 bp	5.00 bp	20.8 bp	−$21	$31.1M	—	8.2 bp	7.9 bp	5.4–10.6 bp
Lighter ZRO · live order book, 3 min ago	5.15 bp	15.0 bp	5.9 bp	0.00 bp	20.8 bp	−$21	$476K	5x	19.1 bp	17.7 bp	13.2–24.8 bp
Nado ZRO-PERP · live order book, 3 min ago	2.86 bp	11.9 bp	14.2 bp	3.50 bp	26.1 bp	−$26	$186K	5x	15.9 bp	15.4 bp	12.5–19.1 bp
Hyperliquid ZRO · live order book, 3 min ago	1.64 bp	15.3 bp	11.9 bp	4.50 bp	27.2 bp	−$27	$15K	5x	15.8 bp	13.7 bp	9.2–19.8 bp
Binance ZROUSDT · live order book, 12 min ago	0.82 bp	14.1 bp	15.5 bp	5.00 bp	29.6 bp	−$30	$1.2M	75x	20.0 bp	18.4 bp	14.5–25.0 bp
Bybit ZROUSDT · live order book, 3 min ago	1.23 bp	13.3 bp	17.8 bp	5.50 bp	31.0 bp	−$31	$601K	50x	21.4 bp	21.2 bp	15.9–26.1 bp
BloFin ZRO-USDT · live order book, 2 min ago	0.82 bp	18.9 bp	15.5 bp	6.00 bp	34.5 bp	−$34	$239K	75x	25.0 bp	23.0 bp	13.6–32.2 bp
Bitget ZROUSDT · live order book, 2 min ago	2.46 bp	19.5 bp	16.9 bp	6.00 bp	36.4 bp	−$36	$308K	75x	30.1 bp	26.9 bp	20.9–34.2 bp
Extended ZRO-USD · live order book, 58 min ago	10.51 bp	16.4 bp	20.7 bp	2.50 bp	37.2 bp	−$37	$48K	10x	21.9 bp	21.8 bp	19.7–24.4 bp
OKX ZRO-USDT-SWAP · live order book, 3 min ago	2.05 bp	18.5 bp	21.0 bp	5.00 bp	39.5 bp	−$39	$124K	20x	31.7 bp	30.9 bp	22.4–39.5 bp
ApeX Omni ZROUSDT · live order book, 58 min ago	12.18 bp	21.9 bp	20.9 bp	5.00 bp	42.7 bp	−$43	$163K	50x	34.7 bp	34.5 bp	29.3–39.0 bp
Gate ZRO_USDT · live order book, 3 min ago	4.09 bp	23.6 bp	31.0 bp	7.50 bp	54.6 bp	−$55	$324K	75x	38.8 bp	36.2 bp	27.8–46.2 bp
Kraken Futures PF_ZROUSD · live order book, 58 min ago	14.59 bp	40.0 bp	35.8 bp	5.00 bp	75.8 bp	−$76	$81K	25x	67.9 bp	65.3 bp	52.9–80.4 bp
Injective ZRO/USDC PERP · live order book, 24 min ago	32.65 bp	32.7 bp	47.0 bp	0.01 bp	79.6 bp	−$80	$33K	12x	87.8 bp	92.3 bp	64.7–112.5 bp
Aster ZROUSDT · live order book, 56 min ago	6.10 bp	43.2 bp	56.3 bp	4.00 bp	99.6 bp	−$100	$79K	10x	95.0 bp	84.6 bp	72.5–166.5 bp
KuCoin ZROUSDTM · live order book, 2 min ago	6.95 bp	52.2 bp	50.8 bp	6.00 bp	103.0 bp	−$103	$308K	50x	109.6 bp	114.2 bp	94.4–130.3 bp
Variational Omni ZRO	3.19 bp	the book does not hold this size
Pacifica ZRO	5.28 bp	the book does not hold this size (about $5k a side)
dYdX ZRO-USD	—	below $100k OI and volume: not sampled
Aevo ZRO-PERP	—	below $100k OI and volume: not sampled
Orderly PERP_ZRO_USDC	—	below $100k OI and volume: not sampled
01 Exchange ZROUSD	—	below $100k OI and volume: not sampled
GMX ZRO/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs

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.