Execution Cost
What it actually costs to open a position on each venue — the taker fee plus the walk through a live orderbook.
Opening $100k of BTC is cheapest on Lighter — $0.40. The dearest is Paradex at $1574.
Priced on 54 of 54 venues trading this asset.
| Venue | Market | Vol 24h | OI | Taker fee | Mid | |||
|---|---|---|---|---|---|---|---|---|
 Lighterdex | BTC-USDC | $0.03 0.03 bps | $0.40 0.04 bps | $37.35 0.37 bps | $771M | $175M | 0.0 bps | 83,984.5 |
 Variationaldexquote | BTC | $0.63 0.63 bps | $6.34 0.63 bps | $101 1.01 bps | $658M | $196M | 0.0 bps | 83,944.51 |
 Lighter Robinhooddex | BTC-USDG | $0.71 0.71 bps | $10.46 1.05 bps | $110 1.97 bps | $112M | $22M | 0.0 bps | 83,975.1 |
 MEXCcex | BTC_USDT | $2.01 2.01 bps | $20.25 2.03 bps | $210 2.10 bps | $3183M | $4323M | 2.0 bps | 83,986.3 |
 Extendeddex | BTC-USD | $2.56 2.56 bps | $25.60 2.56 bps | $297 2.97 bps | $70M | $20M | 2.5 bps | 83,950.56 |
 WOOFi Prodex | PERP_BTC_USDC | $3.01 3.01 bps | $32.64 3.26 bps | $503 5.03 bps | $10M | $2.7M | 3.0 bps | 83,972.5 |
 PopDEXdex | BTCUSDT | $3.32 3.32 bps | $33.19 3.32 bps | $374 3.74 bps | $48M | $13M | 3.2 bps | 83,979 |
 NADOdex | BTC-PERP | $3.56 3.56 bps | $35.60 3.56 bps | $466 4.66 bps | $143M | $10.0M | 3.5 bps | 83,973.75 |
 Coinbase Internationalcex | BTC-PERP | $4.01 4.01 bps | $40.06 4.01 bps | $474 4.85 bps | $5452M | $93M | 4.0 bps | 84,044.8 |
 Katana Perpsdex | BTC-USD | $2.31 2.31 bps | $40.22 4.02 bps | $869 8.69 bps | $12M | $216k | 1.9 bps | 83,958 |
 edgeX V2dex | BTCUSDC | $4.07 4.07 bps | $40.83 4.08 bps | $436 4.36 bps | $263M | $224M | 3.8 bps | 83,943.52 |
 Arcusdex | BTC-USD | $3.18 3.18 bps | $40.86 4.09 bps | $474 4.74 bps | $337M | $8.2M | 2.3 bps | 83,993.9 |
 SoDEXdex | BTC-USD | $4.06 4.06 bps | $41.12 4.11 bps | $256 4.57 bps | $49M | $41M | 4.0 bps | 83,975 |
 BULKdex | BTC-USD | $3.50 3.50 bps | $42.91 4.29 bps | $695 6.95 bps | $32M | $2.8M | 3.5 bps | 83,842.79 |
 TxFlowdex | BTC | $4.51 4.51 bps | $45.06 4.51 bps | $417 4.65 bps | $38M | $6.4M | 4.5 bps | 83,955.4 |
 Pacificadex | BTC | $4.06 4.06 bps | $45.06 4.51 bps | $170 4.88 bps | $254M | $20M | 4.0 bps | 83,992.16 |
 OKXcex | BTC-USDT-SWAP | $5.01 5.01 bps | $50.06 5.01 bps | $357 5.54 bps | $6879M | $2355M | 5.0 bps | 83,980.6 |
 Pionexcex | BTC_USDT_PERP | $5.01 5.01 bps | $50.10 5.01 bps | $502 5.02 bps | $5264M | $108M | 5.0 bps | 83,986.16 |
 Meridiandex | BTCUSD | $4.01 4.01 bps | $50.83 5.08 bps | $1560 22.9 bps | $10k | $19k | 3.0 bps | 83,999.11 |
 ApeXdex | BTC-USDT | $5.13 5.13 bps | $51.31 5.13 bps | $1203 12.0 bps | $326M | $132M | 5.0 bps | 83,978 |
 RiseXdex | BTC-PERP | $4.34 4.34 bps | $51.43 5.14 bps | $1065 10.6 bps | $41M | $5.7M | 3.0 bps | 83,972.65 |
 BingXcex | BTC-USDT | $5.09 5.09 bps | $51.46 5.15 bps | $573 5.73 bps | $855M | $727M | 5.0 bps | 83,987.6 |
 Asterdex | BTCUSDT | $4.93 4.93 bps | $51.59 5.16 bps | $601 6.01 bps | $477M | $502M | 4.0 bps | 83,990.19 |
 grvtdex | BTC_USDT_Perp | $5.01 5.01 bps | $52.78 5.28 bps | $655 6.55 bps | $167M | $212M | 5.0 bps | 83,994 |
 Backpackcex | BTC_USDC_PERP | $5.27 5.27 bps | $52.86 5.29 bps | $628 6.28 bps | $179M | $35M | 5.0 bps | 83,966.1 |
 Phoenixdex | BTC | $3.72 3.72 bps | $54.32 5.43 bps | $1171 11.7 bps | — | $2.2M | 3.5 bps | 83,889 |
 Bybitcex | BTCUSDT | $5.51 5.51 bps | $55.06 5.51 bps | $576 5.76 bps | $5218M | $4723M | 5.5 bps | 83,980.3 |
 Hibachidex | BTC/USDT-P | $5.26 5.26 bps | $56.85 5.69 bps | $6666 66.7 bps | $8.9M | $582k | 4.5 bps | 84,017.7 |
 Bullpendexmirrored | BTC | $4.56 4.56 bps | $57.20 5.72 bps | $639 6.39 bps | $2647M | $1580M | 4.5 bps | 84,004 |
 HTXcex | BTC-USDT | $5.01 5.01 bps | $58.87 5.89 bps | $757 7.57 bps | $770M | $2093M | 5.0 bps | 83,968.45 |
 Bitunixcex | BTCUSDT | $6.01 6.01 bps | $60.06 6.01 bps | $606 6.06 bps | $2438M | — | 6.0 bps | 83,985.9 |
 Hotcoincex | BTCUSDT | $6.01 6.01 bps | $60.06 6.01 bps | $807 8.07 bps | $4426M | $599M | 6.0 bps estimated | 83,986.3 |
 LBankcex | BTCUSDT | $6.01 6.01 bps | $60.06 6.01 bps | $605 6.05 bps | $531M | — | 6.0 bps | 83,979.6 |
 Toobitcex | BTC-SWAP-USDT | $6.01 6.01 bps | $60.06 6.01 bps | $601 6.01 bps | $7962M | $2905M | 6.0 bps | 83,985.8 |
 CoinWcex | btc | $6.02 6.02 bps | $60.18 6.02 bps | $607 6.07 bps | — | — | 6.0 bps | 83,984.2 |
 Hyperliquiddex | BTC | $5.57 5.57 bps | $60.54 6.05 bps | $665 6.65 bps | $2647M | $1580M | 4.5 bps | 84,004 |
 BloFincex | BTC-USDT | $6.11 6.11 bps | $61.24 6.12 bps | $650 6.50 bps | $341M | $347M | 6.0 bps | 83,977.6 |
 Crypto.comcex | BTCUSD-PERP | $5.41 5.41 bps | $61.69 6.17 bps | $426 8.37 bps | $444M | $515M | 5.0 bps estimated | 83,999.5 |
 Bitgetcex | BTCUSDT | $6.01 6.01 bps | $61.74 6.17 bps | $714 7.14 bps | $2780M | $2745M | 6.0 bps | 84,009.9 |
 Phemexcex | BTCUSDT | $6.01 6.01 bps | $62.25 6.23 bps | $750 7.50 bps | $378M | $201M | 6.0 bps | 83,977.8 |
 StandXdex | BTC-USD | $5.98 5.98 bps | $66.88 6.69 bps | $804 8.04 bps | $269M | $12M | 4.0 bps | 83,974.46 |
 Polymarketdex | BTC-USD | $4.72 4.72 bps | $67.92 6.79 bps | $850 8.50 bps | — | $11M | 4.0 bps | 83,974 |
 Gate.iocex | BTC_USDT | $7.51 7.51 bps | $75.06 7.51 bps | $765 8.39 bps | $6004M | $4378M | 7.5 bps | 83,983.18 |
 Bulletdex | BTC-USD | $4.16 4.16 bps | $76.56 7.66 bps | $662 12.3 bps | $2.5M | $196k | 4.0 bps estimated | 83,979 |
 Ondodex | BTC-USD.P | $5.35 5.35 bps | $78.23 7.82 bps | $1575 15.7 bps | $9.6M | $3.6M | 3.5 bps | 83,949.73 |
 WEEXcex | BTCUSDT | $8.01 8.01 bps | $80.06 8.01 bps | $713 8.15 bps | $2543M | $11641M | 8.0 bps | 83,986.4 |
 N1dex | BTC | $6.82 6.82 bps | $103 10.3 bps | $921 25.8 bps | $4.2M | $305k | 5.0 bps | 83,981.5 |
 Aftermathdex | BTC | $8.35 8.35 bps | $106 10.6 bps | $278 17.6 bps | $208k | $34k | 4.5 bps | 83,915.66 |
 Bluefindex | BTC-PERP | $6.24 6.24 bps | $106 10.6 bps | $1001 63.5 bps | $380k | $106k | 3.5 bps | 83,989.6 |
 dYdXdex | BTC-USD | $12.76 12.8 bps | $140 14.0 bps | $2552 25.5 bps | $23M | $17M | 5.0 bps | 83,983.19 |
 Perpldex | BTC | $14.95 14.9 bps | $199 19.9 bps | $1377 80.4 bps | $12M | $894k | 8.8 bps | 83,975.5 |
 Paradexdex | BTC-USD-PERP | $101 100.7 bps | $1574 157.4 bps | $6076 238.5 bps | $1.4M | $3.9M | 0.8 bps | 84,023.21 |
 Binance Futurescexcapped | BTCUSDT | $5.01 5.01 bps | $51.01 5.33 bps only $96k of $100k filled | — book too thin to price | $13128M | $7821M | 5.0 bps | 83,987.73 |
 KuCoincexcapped | XBTUSDTM | $6.45 6.45 bps | $54.71 7.29 bps only $75k of $100k filled | — book too thin to price | $354M | $990M | 6.0 bps | 83,987.1 |
Lighterdexfee 0.0 bps
$0.40
0.04 bps
$10k: $0.03$1.0M: $37.35
Variationaldexfee 0.0 bps
quote$6.34
0.63 bps×16
$10k: $0.63$1.0M: $101
Lighter Robinhooddexfee 0.0 bps
$10.46
1.05 bps×26
$10k: $0.71$1.0M: $110
MEXCcexfee 2.0 bps
$20.25
2.03 bps×50
$10k: $2.01$1.0M: $210
Extendeddexfee 2.5 bps
$25.60
2.56 bps×63
$10k: $2.56$1.0M: $297
WOOFi Prodexfee 3.0 bps
$32.64
3.26 bps×81
$10k: $3.01$1.0M: $503
PopDEXdexfee 3.2 bps
$33.19
3.32 bps×82
$10k: $3.32$1.0M: $374
NADOdexfee 3.5 bps
$35.60
3.56 bps×88
$10k: $3.56$1.0M: $466
Coinbase Internationalcexfee 4.0 bps
$40.06
4.01 bps×99
$10k: $4.01$1.0M: $474
Katana Perpsdexfee 1.9 bps
$40.22
4.02 bps×99
$10k: $2.31$1.0M: $869
edgeX V2dexfee 3.8 bps
$40.83
4.08 bps×101
$10k: $4.07$1.0M: $436
Arcusdexfee 2.3 bps
$40.86
4.09 bps×101
$10k: $3.18$1.0M: $474
SoDEXdexfee 4.0 bps
$41.12
4.11 bps×102
$10k: $4.06$1.0M: $256
BULKdexfee 3.5 bps
$42.91
4.29 bps×106
$10k: $3.50$1.0M: $695
TxFlowdexfee 4.5 bps
$45.06
4.51 bps×111
$10k: $4.51$1.0M: $417
Pacificadexfee 4.0 bps
$45.06
4.51 bps×111
$10k: $4.06$1.0M: $170
OKXcexfee 5.0 bps
$50.06
5.01 bps×124
$10k: $5.01$1.0M: $357
Pionexcexfee 5.0 bps
$50.10
5.01 bps×124
$10k: $5.01$1.0M: $502
Meridiandexfee 3.0 bps
$50.83
5.08 bps×126
$10k: $4.01$1.0M: $1560
ApeXdexfee 5.0 bps
$51.31
5.13 bps×127
$10k: $5.13$1.0M: $1203
RiseXdexfee 3.0 bps
$51.43
5.14 bps×127
$10k: $4.34$1.0M: $1065
BingXcexfee 5.0 bps
$51.46
5.15 bps×127
$10k: $5.09$1.0M: $573
Asterdexfee 4.0 bps
$51.59
5.16 bps×128
$10k: $4.93$1.0M: $601
grvtdexfee 5.0 bps
$52.78
5.28 bps×130
$10k: $5.01$1.0M: $655
Backpackcexfee 5.0 bps
$52.86
5.29 bps×131
$10k: $5.27$1.0M: $628
Phoenixdexfee 3.5 bps
$54.32
5.43 bps×134
$10k: $3.72$1.0M: $1171
Bybitcexfee 5.5 bps
$55.06
5.51 bps×136
$10k: $5.51$1.0M: $576
Hibachidexfee 4.5 bps
$56.85
5.69 bps×141
$10k: $5.26$1.0M: $6666
Bullpendexfee 4.5 bps
mirrored$57.20
5.72 bps×141
$10k: $4.56$1.0M: $639
HTXcexfee 5.0 bps
$58.87
5.89 bps×146
$10k: $5.01$1.0M: $757
Bitunixcexfee 6.0 bps
$60.06
6.01 bps×148
$10k: $6.01$1.0M: $606
Hotcoincexfee 6.0 bpsestimated
$60.06
6.01 bps×148
$10k: $6.01$1.0M: $807
LBankcexfee 6.0 bps
$60.06
6.01 bps×148
$10k: $6.01$1.0M: $605
Toobitcexfee 6.0 bps
$60.06
6.01 bps×148
$10k: $6.01$1.0M: $601
CoinWcexfee 6.0 bps
$60.18
6.02 bps×149
$10k: $6.02$1.0M: $607
Hyperliquiddexfee 4.5 bps
$60.54
6.05 bps×150
$10k: $5.57$1.0M: $665
BloFincexfee 6.0 bps
$61.24
6.12 bps×151
$10k: $6.11$1.0M: $650
Crypto.comcexfee 5.0 bpsestimated
$61.69
6.17 bps×152
$10k: $5.41$1.0M: $426
Bitgetcexfee 6.0 bps
$61.74
6.17 bps×153
$10k: $6.01$1.0M: $714
Phemexcexfee 6.0 bps
$62.25
6.23 bps×154
$10k: $6.01$1.0M: $750
StandXdexfee 4.0 bps
$66.88
6.69 bps×165
$10k: $5.98$1.0M: $804
Polymarketdexfee 4.0 bps
$67.92
6.79 bps×168
$10k: $4.72$1.0M: $850
Gate.iocexfee 7.5 bps
$75.06
7.51 bps×186
$10k: $7.51$1.0M: $765
Bulletdexfee 4.0 bpsestimated
$76.56
7.66 bps×189
$10k: $4.16$1.0M: $662
Ondodexfee 3.5 bps
$78.23
7.82 bps×193
$10k: $5.35$1.0M: $1575
WEEXcexfee 8.0 bps
$80.06
8.01 bps×198
$10k: $8.01$1.0M: $713
N1dexfee 5.0 bps
$103
10.3 bps×254
$10k: $6.82$1.0M: $921
Aftermathdexfee 4.5 bps
$106
10.6 bps×261
$10k: $8.35$1.0M: $278
Bluefindexfee 3.5 bps
$106
10.6 bps×261
$10k: $6.24$1.0M: $1001
dYdXdexfee 5.0 bps
$140
14.0 bps×345
$10k: $12.76$1.0M: $2552
Perpldexfee 8.8 bps
$199
19.9 bps×491
$10k: $14.95$1.0M: $1377
Paradexdexfee 0.8 bps
$1574
157.4 bps×3891
$10k: $101$1.0M: $6076
Binance Futurescexfee 5.0 bps
capped$51.01
5.33 bps×126
only $96k of $100k filled
$10k: $5.01$1.0M: —
KuCoincexfee 6.0 bps
capped$54.71
7.29 bps×135
only $75k of $100k filled
$10k: $6.45$1.0M: —
Entry cost over time, two venuesBTC · Long · $100k
Each line is what opening a $100k BTC long cost on that venue, hour by hour: taker fee plus slippage through the orderbook. It is not the price of BTC.
vs
Entry cost only, from the latest orderbook snapshot per venue. Fees are the base tier, before token or volume discounts.