Stock Perpetual and Spot Routes Show Costs From $0 to $10

A Nov. 9 comparison of stock-linked trading routes put listed costs for a $10,000 one-way execution between zero and $10. Perpetual-market fees reached $9, while the highest cited stock-account cost was a $10 spread estimate.

Binance’s stock perpetual promotion lists no maker fee and a taker fee of about $4. On trade.xyz through Hyperliquid, markets using Growth Mode list about 30 cents for makers and 90 cents for takers. Standard-mode rates are $3 and $9, respectively.

Lighter Standard ordinary orders and Paradex Retail orders are listed with no maker or taker fee. Aster RWA markets list no maker fee and a taker fee of about $1.25.

For stock and tokenized-stock routes, Binance’s stock account applies a 0.1% spread, or about $10 on a $10,000 trade. In a traditional brokerage example based on buying 100 shares at $100 each, 富途香港’s fixed-fee schedule comes to about $2.29, including commission, platform and settlement fees. IBKR Pro’s fixed commission is about $1.

Other listed routes include a Backpack stock account with no commission or platform fee, zero maker fees for xStocks traded through a standard Kraken Pro account, and no platform service fee on some Ondo trades through Binance Wallet.

The comparison does not consistently include funding charges, execution spreads, slippage or gas fees.