# Execution cost

Cost to go long BTC at market, per exchange.

Updated 2026-10-29 14:11 UTC · https://afterfees.xyz/execution-cost

## Cost to enter $10,000 of BTC

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | BTC | 0.2 bp | order-book snapshot, 24 min old |
| Variational | BTC-PERP | 0.5 bp | exchange size quote (RFQ) |
| Lighter RH | BTC | 0.6 bp | order-book snapshot, 17 min old |
| Extended | BTC-USD | 2.6 bp | order-book snapshot, 13 min old |
| Nado | BTC-PERP_USDT0 | 3.6 bp | order-book snapshot, 15 min old |
| MEXC | BTC_USDT | 4.0 bp | order-book snapshot, 49 min old |
| Aster | BTCUSDT | 4.0 bp | order-book snapshot, 26 min old |
| GRVT | BTC_USDT_Perp | 4.5 bp | order-book snapshot, 30 min old |
| Hyperliquid | BTC | 4.6 bp | order-book snapshot, 40 min old |
| OKX | BTC-USDT-SWAP | 5.0 bp | live order book |
| Binance | BTCUSDT | 5.0 bp | live order book |
| Backpack | BTC_USDC_PERP | 5.0 bp * | order-book snapshot, 32 min old |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._