Same stock, different price
Tokenized stocks trade on many exchanges at once, from several issuers. Every 15 minutes we read the order books of 14 exchanges for 20 stocks and compare every price with the real stock at the same minute, after converting each token to real shares. This page shows the latest full US trading day.
Tue 13 Oct 2026 (UTC) · 96 checks · 290 markets · 27,231 prices compared · the next US trading day, Wed 14 Oct, appears here Thu 15 Oct around 07:40 UTC
Where $10,000 was cheapest to buy and to sell
US market hours, fees included: “You pay” and “You get” are the average price of a $10,000 order, plus or minus the exchange’s standard fee, against the real share at the same minute.
| Stock | Cheapest to buy | You pay | Best to sell | You get | Buy and sell on one exchange |
|---|---|---|---|---|---|
| SPYS&P 500 ETF | Bitget · RSPY81% of checks | 18 bps abovewith its 5 bps fee, a discount | LBank · SPYB89% of checks | 6 bps aboveafter its 20 bps fee | 16 bpsmost often Bitget |
| QQQNasdaq-100 ETF | Bitget · RQQQ70% of checks | 19 bps abovewith its 5 bps fee, a discount | Bitget · RQQQ74% of checks | 5 bps aboveafter its 5 bps fee, a discount | 16 bpsmost often Bitget |
| NVDANvidia | Bitget · RNVDA59% of checks | 18 bps abovewith its 5 bps fee, a discount | Bitget · RNVDA70% of checks | 1 bp aboveafter its 5 bps fee, a discount | 17 bpsmost often Bitget |
| TSLATesla | Bitget · RTSLA48% of checks | 18 bps abovewith its 5 bps fee, a discount | Bitget · RTSLA48% of checks | 4 bps aboveafter its 5 bps fee, a discount | 16 bpsmost often Bitget |
| AAPLApple | Toobit · AAPLON44% of checks | 21 bps abovewith its 0 bps fee, a discount | MEXC · AAPLON48% of checks | 3 bps belowafter its 8 bps fee | 28 bpsmost often MEXC |
| GOOGLAlphabet | Bitget · RGOOGL89% of checks | 20 bps abovewith its 5 bps fee, a discount | Bitget · RGOOGL89% of checks | 5 bps aboveafter its 5 bps fee, a discount | 16 bpsmost often Bitget |
| METAMeta | Bitget · RMETA78% of checks | 18 bps abovewith its 5 bps fee, a discount | Bitget · RMETA85% of checks | 2 bps aboveafter its 5 bps fee, a discount | 17 bpsmost often Bitget |
| CRCLCircle | WEEX · CRCLX33% of checks | 17 bps abovewith its 10 bps fee | Bitget · RCRCL33% of checks | 4 bps aboveafter its 5 bps fee, a discount | 26 bpsmost often Bitget |
| MSTRStrategy | Binance · MSTRB59% of checks | 22 bps abovewith its 10 bps fee | MEXC · MSTRON37% of checks | 1 bp aboveafter its 8 bps fee | 26 bpsmost often Binance |
| COINCoinbase | Bitget · RCOIN67% of checks | 20 bps abovewith its 5 bps fee, a discount | Bitget · RCOIN63% of checks | 2 bps aboveafter its 5 bps fee, a discount | 22 bpsmost often Bitget |
| SPCXSpaceX | MEXC · SPCXON33% of checks | 21 bps abovewith its 8 bps fee | Binance · SPCXB41% of checks | 5 bps aboveafter its 10 bps fee | 21 bpsmost often Bitget |
| AMZNAmazon | Binance · AMZNB52% of checks | 22 bps abovewith its 10 bps fee | Binance · AMZNB63% of checks | 2 bps belowafter its 10 bps fee | 24 bpsmost often Binance |
| MSFTMicrosoft | Bitget · RMSFT96% of checks | 19 bps abovewith its 5 bps fee, a discount | Bitget · RMSFT78% of checks | 4 bps aboveafter its 5 bps fee, a discount | 17 bpsmost often Bitget |
| AVGOBroadcom | MEXC · AVGOON67% of checks | 25 bps abovewith its 8 bps fee | MEXC · AVGOON85% of checks | 4 bps belowafter its 8 bps fee | 29 bpsmost often MEXC |
| PLTRPalantir | Bitget · RPLTR74% of checks | 20 bps abovewith its 5 bps fee, a discount | Bitget · RPLTR93% of checks | 3 bps aboveafter its 5 bps fee, a discount | 18 bpsmost often Bitget |
| AMDAMD | MEXC · AMDON56% of checks | 22 bps abovewith its 8 bps fee | Binance · AMDB44% of checks | 2 bps belowafter its 10 bps fee | 28 bpsmost often MEXC |
| SLVSilver ETF | MEXC · SLVON93% of checks | 26 bps abovewith its 8 bps fee | MEXC · SLVON93% of checks | 6 bps belowafter its 8 bps fee | 32 bpsmost often MEXC |
| INTCIntel | Binance · INTCB52% of checks | 24 bps abovewith its 10 bps fee | MEXC · INTCON41% of checks | 3 bps aboveafter its 8 bps fee | 26 bpsmost often Binance |
| MRVLMarvell | OKX · XMRVL74% of checks | 24 bps abovewith its 10 bps fee | MEXC · MRVLON63% of checks | 4 bps belowafter its 8 bps fee | 34 bpsmost often OKX |
The cheapest place to buy and the best place to sell are often different exchanges. The share of checks shows how often that exchange was the best of all those we read, its fee included. The fees are each exchange’s standard taker fee, as in the exchange table below. bp = basis point = 0.01%.
How close each kind of token trades to the real share
US market hours, typical (median) gap in bps. Plus means the token cost more than the real share, minus less.
| Stock | xStocks | Ondo | Per-share tokens | Within 15 bps | Range across exchanges |
|---|---|---|---|---|---|
| SPYS&P 500 ETF | +9 | +17 | +10 | 70% | 0 to +134OKX XSPY to Bitrue SPYON |
| QQQNasdaq-100 ETF | +14 | +12 | +14 | 68% | +3 to +20OKX XQQQ to LBank QQQB |
| NVDANvidia | +8 | +4 | +7 | 93% | −11 to +11BingX NVDAX to WEEX NVDAON |
| TSLATesla | +9 | +8 | +8 | 91% | 0 to +26OKX XTSLA to Bitrue TSLAON |
| AAPLApple | +10 | +6 | +11 | 87% | 0 to +16OKX XAAPL to LBank AAPLB |
| GOOGLAlphabet | +10 | +8 | +11 | 84% | +1 to +15OKX XGOOGL to LBank GOOGLB |
| METAMeta | +8 | +8 | +10 | 88% | −15 to +15LBank METAX to LBank METAB |
| CRCLCircle | +11 | +8 | +10 | 77% | 0 to +14MEXC CRCLON to BingX CRCLX |
| MSTRStrategy | +14 | +6 | +10 | 68% | +1 to +31Phemex MSTRON to WEEX MSTRON |
| COINCoinbase | +9 | +11 | +9 | 79% | −25 to +11MEXC COINX to XT COINX |
| SPCXSpaceX | +13 | +13 | +12 | 66% | +2 to +142OKX XSPCX to Bitrue SPCXON |
| AMZNAmazon | +10 | +6 | +10 | 92% | −1 to +11OKX XAMZN to Bitget RAMZN |
| MSFTMicrosoft | – | +6 | +12 | 78% | −43 to +23BingX MSFTON to LBank MSFTB |
| AVGOBroadcom | −1 | +15 | +8 | 54% | −1 to +25Gate AVGOX to Bitrue AVGOON |
| PLTRPalantir | – | +4 | +8 | 90% | −3 to +16BingX PLTRON to Bitrue PLTRON |
| AMDAMD | – | +8 | +11 | 75% | +1 to +13OKX XAMD to LBank AMDB |
| SLVSilver ETF | – | +8 | +10 | 67% | −8 to +22Toobit SLVON to WEEX SLVON |
| INTCIntel | – | +46 | +13 | 44% | +3 to +47OKX XINTC to LBank INTCON |
| MRVLMarvell | – | +37 | +7 | 52% | −2 to +39OKX XMRVL to WEEX MRVLON |
HOOD (Robinhood): our source for real-share prices does not cover it yet, so it is not on this page, which compares every price with the real share; its order books are on its fact sheet and in the data.
xStocks and Ondo tokens reinvest dividends, so one token is worth a little more than one share, for SPY about 1.006 and 1.009 shares. We convert before comparing; exchange screens usually do not, which makes these tokens look 0.3% to 1% dear when they are not. Per-share tokens include Binance’s bStocks, Bitget’s R-tokens and OKX’s.
Exchanges compared
All stocks each exchange lists, typical (median) values. Pick when, and sort by any column.
Tue 13 Oct, 09:30 to 16:00 New York · 7,538 order books · 77.4% of prices within 15 bps
Cheapest with fees included: Bitget, 24 bps (with its current fee discount). Before fees it is Binance, 7 bps, which pays 20 bps in fees on top.
| Bitget | 11 bps | 7 bps | 14 bps | 10 bps discount0.05% a trade | 24 bps | 100% of checks | 19 |
| Binance | 11 bps | 1 bp | 7 bps | 20 bps0.1% a trade | 27 bps | 100% of checks | 9 |
| MEXC | 11 bps | 4 bps | 15 bps | 16 bps0.08% a trade | 31 bps | 100% of checks | 19 |
| OKX | 7 bps | 4 bps | 20 bps | 20 bps0.1% a trade | 40 bps | 96% of checks | 18 |
| Bybit | 10 bps | 4 bps | 9 bps | 40 bps0.2% a trade | 49 bps | 100% of checks | 9 |
| Gate | 9 bps | 8 bps | 31 bps | 20 bps0.1% a trade | 51 bps | 100% of checks | 17 |
| WEEX | 11 bps | 20 bps | 35 bps | 20 bps0.1% a trade | 55 bps | 96% of checks | 19 |
| LBank | 12 bps | 11 bps | 24 bps | 40 bps0.2% a trade | 64 bps | 100% of checks | 19 |
| KuCoin | 11 bps | 1 bp | 25 bps | 40 bps0.2% a trade | 65 bps | 100% of checks | 5 |
| Toobit | 9 bps | 19 bps | 69 bps | 0 bps discount0% a trade | 69 bps | 100% of checks | 11 |
| BingX | 10 bps | 11 bps | 85 bps | 20 bps0.1% a trade | 105 bps | 93% of checks | 18 |
| Phemex | 8 bps | 67 bps | 273 bps | 20 bps0.1% a trade | 293 bps | 6% of checks | 17 |
| XT | 10 bps | 21 bps | 631 bps | 40 bps0.2% a trade | 671 bps | 100% of checks | 5 |
| Bitrue | 11 bps | 46 bps | 32348 bps | 20 bps ?0.098% a trade | 32368 bps | 4% of checks | 16 |
Distance, spread and costs are measured against the real stock at the same minute. Fees are each exchange’s standard taker fee for a new account (checked Mon 5 Oct 2026), paid on the buy and again on the sell; VIP levels or paying fees in the exchange’s own token make them lower. discount a running fee discount. ? not yet confirmed by the exchange’s own market data. Could fill below 90% in amber: the cost is from the checks that filled.
Same exchange, same minute: Ondo against xStocks
Where an exchange lists both issuers’ tokens of the same stock, the gap between them, per share, across the whole day.
| Stock | Ondo against xStocks | Times compared | Exchanges |
|---|---|---|---|
| SPYS&P 500 ETF | 8 bps dearer | 437 | BingX, Bitrue, Gate, LBank, MEXC |
| QQQNasdaq-100 ETF | 2 bps cheaper | 343 | Bitrue, Gate, LBank, WEEX |
| NVDANvidia | 2 bps cheaper | 438 | BingX, Bitrue, Gate, LBank, MEXC |
| TSLATesla | about the same | 552 | BingX, Bitrue, Gate, LBank, MEXC, WEEX |
| AAPLApple | about the same | 533 | BingX, Bitrue, Gate, LBank, MEXC, WEEX |
| GOOGLAlphabet | about the same | 478 | BingX, Gate, LBank, MEXC, WEEX |
| METAMeta | about the same | 340 | Bitrue, Gate, LBank, MEXC |
| CRCLCircle | 5 bps cheaper | 478 | BingX, Gate, LBank, MEXC, WEEX |
| MSTRStrategy | 9 bps cheaper | 287 | BingX, Gate, LBank |
| COINCoinbase | about the same | 382 | BingX, Gate, LBank, MEXC |
| SPCXSpaceX | about the same | 460 | Bitrue, Gate, LBank, MEXC, WEEX |
| AMZNAmazon | 2 bps cheaper | 360 | Bitrue, Gate, LBank, MEXC |
| AVGOBroadcom | 29 bps dearer | 149 | Bitrue, Gate |
Outside US market hours
Share of prices within 15 bps of the real share: overnight 71%, before the open 75%, after the close 84%. The weekend gets its own check: what the tokens said while the market was shut, against where it opened.
Checked before counting: is it per share or per token?
Some exchanges quote a token per share, others per token at its issuer’s dividend ratio, and the name does not tell you which. A wrong guess looks like a premium. Every day we check each token’s prices against the real share and every plausible unit, and leave out the ones whose unit we cannot confirm.
Left out for Tue 13 Oct 2026 because we could not confirm their unit (their prices fit another unit, or most tokens of the same kind on that exchange did): Binance AAPLB, Binance AVGOB, Binance GOOGLB, Binance METAB, Binance MRVLB, Binance MSFTB, Binance NVDAB, Binance QQQB, Binance SPYB, BingX QQQB, LBank NVDAB.
How we measure
- Order books of 14 exchanges every 15 minutes, and the real stock’s quote every minute (from Robinhood’s public market data; we publish only figures derived from it).
- Each token is converted to real shares with its issuer’s published ratio, recorded every hour.
- “Gap” is the token’s middle price against the real stock’s middle price at the same minute. “Spread” is the gap between the best buy and sell prices on the exchange.
- The exchange table adds each exchange’s standard fee; the other tables are before fees. Prices are in USDT or USDC; that day USDT prices sat about 11 bps above USDC prices, and that is inside every number.
- One day is one day: a single number here can move tomorrow. Our raw data is fingerprinted every night and timestamped in Bitcoin, so the history cannot be changed later: proof.
Get the data
Every order book on every exchange, every 15 minutes, in real-share terms. Free sample day; from $499 a month. For trading desks, lenders, exchanges and researchers.
Need an API or a daily file? Write to data@fillable.ai.