Fees
Maker and taker fees, volume tiers, and how fees are charged.
Fee tiers
Your fee rate depends on how much you trade. The more volume you do, the higher your tier and the lower your maker and taker rates.
- Maker: your order was resting on the book.
- Taker: your order took liquidity from the book.
| Tier | Trading volume | Maker | Taker |
|---|---|---|---|
| Base | Every account starts here | Coming soon | Coming soon |
| Tier 1 | Coming soon | Coming soon | Coming soon |
| Tier 2 | Coming soon | Coming soon | Coming soon |
| Tier 3 | Coming soon | Coming soon | Coming soon |
Fee schedule coming soon
The full schedule, with the volume needed for each tier and its rates, will be published here before launch.
How fees are charged
- Both sides of every fill pay: the resting order pays the maker rate, the incoming order pays the taker rate.
- The fee is taken at the fill: from the position's margin for an isolated position, from your balance for a cross position.
- Fees are never reserved in advance. The margin an order needs is set aside when you place it.
- A liquidation order pays the taker rate. Auto-deleveraging fills carry no fee.
If someone referred you, you pay the same rates. Your referrer's share comes out of the fee, not on top of it. See Referrals.
What gets recorded
Every fee you pay is recorded on the fill it belongs to, in your committed history.