Our trading fees are different for users of different tiers. Users are categorized into tiers by their assets under management and 30-day trading volumes. Fee tiers are updated daily.
Users of different fee tiers will enjoy different fee discount. For example, if a user’s 30-day trading volume is 50,000,001 USD, this user will enjoy fee discounts of -0.010% for maker fee and 0.015% for taker fee.
30-day trading volume (USD) is the total trading volume for the corresponding market
Type | Description |
---|---|
Trading fees | Min(Fee rate × Multiplier × Contract size × Number of contracts, 12.5% × Option premium × Multiplier × Contract size × Number of contracts) |
Exercise fee | Min(0.02% × Multiplier × Contract size × Number of contracts, Taker fee tier × Multiplier × Contract size × Number of contracts, 12.5% × Settlement value × Multiplier × Contract size × Number of contracts) • Day options don’t have an exercise fee. Day options are options that don’t expire on Fridays. • Only applicable to exercised options. Doesn’t apply to unexercised options. |
Forced liquidation fee | Min (User’s taker fee tier × Multiplier × Contract size × Number of contracts, 12.5% × mark price × Multiplier × Contract size × Number of contracts) |
Liquidation penalty | MMR of the corresponding positions. |
Options combo | Options combo trades on RFQ can enjoy up to 50% discount on fees! For each underlying, trading fees are charged on legs from the side (buy or sell) with the higher notional. Only legs that incur a trading fee are counted towards the 30-day trading volume of the corresponding instrument. |
Combo trades | Fees |
---|---|
Buy 3 BTC call, sell 2 BTC put | Fees are only charged on the buy 3 BTC call leg |
Buy 3 BTC call, sell 2 ETH put | Fees charged on both options legs and total gross notional. |
Buy 3 BTC call, sell 2 BTC put, buy 2 ETH call, sell 2 ETH put | The calculation method applies to the BTC structure and ETH structure separately. In this example, trading fee is charged on the buy 3 BTC leg and the buy 2 ETH leg. |
Buy 3 BTC call, sell 2 BTC put, buy BTC Perp hedge | The calculation method applies only to options. In this example, trading fee is charged on the buy 3 BTC leg and the buy BTC Perp hedge. |