Exercise 26 · 14 min

The full cost stack

Time: 20 to 25 minutes · You'll need: a calculator (or a spreadsheet) · Builds on: Lessons 22 and 26

Warm-up

Check yourself

Which of these costs is usually the largest for a borrow-funded spread in late 2026?

Check yourself

A bridge charges 1.3 basis points. What does it cost to move $10,000?

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