Trading Fees

Trading Fees are based on the order size. Each trade has to be recorded on the blockchain. Every recording on the blockchain requires a gas fee to be paid. A typical trade will cost 310 000 gas to open a position and 160 000 to close the position.

Therefore the trading fees for small orders are higher than the trading fees for big orders. Since smaller orders will require a higher proportion of the order value to cover the gas feee.

Order Size

Maker Fee*

Taker Fee**

Expiration Fee***

less than 500$

0.20%

0.25%

0.50%

500$ - 1 000$

0.15%

0.20%

0.40%

1 000$ - 5 000$

0.125%

0.15%

0.30%

5 000$ - 25 000$

0.10%

0.125%

0.25%

25 000 - 50 000$

0.075%

0.10%

0.20%

50 000$+

0.05%

0.075%

0.15%

* The maker is the trader that adds an order to the order book. When you create a limit order, and it is not instantly executed - you are the maker.

** The taker is the person that takes an order from the order book. When placing a MARKET order or a LIMIT order that executes instantly - you are the taker.

*** Expiration Fee is charged when the contract expires and the position is settled by the Oracle. Perpetual contracts don't expire.

To avoid paying the Expiration Fee, close your position through the order book before it expires.