Trading Fees
Trading fees vary based on your order classification.
An updated Pro maker fee rate for Perps & Spot API traders takes effect on July 3 at 12:00 SGT. See below.
Retail trading stays at 0 fees across Perps, Spot, and Options.
- Retail Takers and Makers have 0% fees on all products: Perps, Spot and Options
- Pro fees follow fee schedule outlined below
Perps & Spot Fees
Retail
Pro
Maker fees
Flat 0.003% (0.3 bps) fee on all Perps and Spot maker orders, effective July 3 at 12:00 SGT. Fees are charged on trade notional (Size × Trade Price).
Taker fees
Spot & Perps taker fees are based on your 14D volume, less any applicable discounts.
Your taker fee = base rate × (1 − total discount)
- Pro taker fees cannot go below 1.75 bps (0.0175%), regardless of total discount.
- Fees are charged on trade notional (Size × Trade Price).
Base rate
Your base rate is set by your order classification and combined 14D volume across your main account and subaccount(s).
Discounts
Three discounts are additive and apply to your volume-based taker fee:
Up to 30% off, scaling with the amount staked
40% off for all orders during initial rollout
30% off for Pro orders matching Retail
Stake $DIME
Stake $DIME for tiered Spot & Perps taker fee discounts, up to 30%.
To unstake, submit an unstaking request at any time. A 24-hour cooldown follows, after which you must confirm to receive your funds. For more on $DIME, see $DIME Utility.
Pay fees in $DIME
Pay fees in $DIME for a flat 40% discount. Fees are deducted from your spot $DIME balance at the $DIME ↔ USDC mark price at transaction time.
A user who stakes 100K $DIME (15% staking discount) and pays fees in $DIME (40% $DIME fee discount) gets a total discount of 55% (15% + 40%), applied to their volume-based taker fee.
FastFills
Pro taker fees get an additional 30% off when matching Retail orders, stackable with staking and $DIME discounts. The 1.75 bps (0.0175%) minimum fee still applies.
See FastFills for details.
Fee scenarios
How volume tiers, staking, $DIME fee payment, and FastFills combine to determine a Pro user’s final taker fee.
Options Fees
Retail
Pro
Fees are capped at 12.5% of the option price (premium). The FastFills 30% discount applies to Pro taker fees matching Retail orders.
Multi-leg Fee Discount
Multi-leg block trades spanning different risk groups can receive a discount on trading fees. The discount is applied automatically to the fees otherwise due on each leg, after fee caps and other applicable fee rules.
Within each underlying, legs are grouped into five risk groups: Long calls, Long puts, Short calls, Short puts, and Perpetuals. Each underlying and each side of the trade is discounted separately.
Strike and expiry do not create separate groups: two BTC calls bought at different strikes are both Long calls. Perpetuals and dated futures share one group, in either direction.
Fees are summed within each risk group. Groups that pay a fee are then ranked from cheapest to most expensive and discounted as follows:
The most expensive risk group is always charged in full, so a package can never pay less than its most expensive group. A package with only one risk group receives no discount.
Consider a BTC structure with three legs:
The structure pays $40 instead of $60, a 33% fee saving.
A BTC/ETH spread does not receive a discount because risk groups are calculated separately for each underlying.
Settlement
When a market is delisted, a settlement fee applies to any positions still open.