A Nov. 9 comparison put fees and spreads for stock-linked routes at $0 to $10 per $10,000 one-way trade, showing how quoted costs depend on the product and venue.
Binance's stock account had an estimated $10 cost from a 0.1% spread on a $10,000 order. Its stock-perpetual promotion had a separate schedule, with no maker fee and a taker charge of about $4.
In a traditional brokerage example, a 100-share purchase at $100 each generated an estimated $2.29 in charges under 富途香港's fixed-fee schedule, including commission, platform and settlement costs. IBKR Pro's listed fixed commission was about $1.
The waived charges differed across routes: Backpack's stock account showed no commission or platform fee, while Binance Wallet charged no platform service fee on some Ondo trades. A standard Kraken Pro account listed no maker fee for xStocks; Lighter Standard ordinary orders and Paradex Retail orders showed zero maker and taker fees.
The trade.xyz perpetual market on Hyperliquid listed taker fees of $9 in Standard Mode and about $0.90 in Growth Mode, alongside maker charges of $3 and about $0.30, respectively. Aster RWA listed a $1.25 taker fee and no maker fee.
The comparison combines spreads, commissions, platform charges and maker or taker fees, so a zero charge in one category does not mean an entire route is free. Funding, price gaps during execution, slippage and network gas were not consistently counted, so the listed amounts do not capture every route's full cost.
