Fees on the MTF are calculated as a percentage of the notional order value for a matched trade. The fee schedule is based on your 30-day rolling volume meaning that the more you trade, the lower your fees are on subsequent trades.
|
30-Day Volume USD |
Maker Fee |
Taker Fee |
|
0 - 100,000 |
0.0200% |
0.0500% |
|
100,001 - 1,000,000 |
0.0150% |
0.0400% |
|
1,000,001 - 5,000,000 |
0.0125% |
0.0300% |
|
5,000,001 - 10,000,000 |
0.0100% |
0.0250% |
|
10,000,001 - 20,000,000 |
0.0075% |
0.0200% |
|
20,000,001 - 50,000,000 |
0.0050% |
0.0150% |
|
50,000,001 - 100,000,000 |
0.0025% |
0.0125% |
|
100,000,001 + |
0.0000% |
0.0100% |
New Maker Rebate Fee Tiers
From July 1, 2024 to September 30, 2024*, we will be introducing maker rebates on a selection of contracts:
| 30 Day Volume | Maker Fee | Taker Fee | Applicable Contracts |
|---|---|---|---|
| $250,000,000+ | -0.0015% | 0.01% |
Bitcoin perpetual (PI_XBTUSD) Ethereum perpetual (PI_ETHUSD) |
| $500,000,000+ | -0.003% | 0.01% | All contracts except Bitcoin perpetual (PI_XBTUSD) and Ethereum perpetual (PI_ETHUSD) |
| $1,000,000,000+ | -0.005% | 0.01% | |
| $5,000,000,000+ | -0.006% | 0.01% |
Note: Fees are charged in the collateral currency of the contract being traded.
|
Futures contracts |
Bitcoin- USD |
Ether- USD |
Litecoin- USD |
BitcoinCash-USD |
Ripple- USD |
|
|
Fee/Collateral Currency |
BTC |
ETH |
LTC |
BCH |
XRP |
|
|
Holding a Fixed Maturity contract until maturity (settlement) results in a taker fee. |
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Below is how you can calculate the fee amount for your trade:
|
|
Fee amount for Taker |
Fee amount for Maker |
|
|
= 1 / Trade Price * (Fee %) * Quantity |
= 1 / Trade Price * (Fee %) * Quantity |
|
or |
= (Fee %) * Notional Order Value |
= (Fee %) * Notional Order Value |
Example
Traders A and B are both at the second tier of the fee schedule (taker of 0.04% and maker of 0.015%). Trader A sends a market order for 100,000 contracts (100,000 USD) of Bitcoin-USD Futures that is matched against an existing limit order sitting in the order book of Trader B.
- The trade price of BTCUSD is 5,000
- The notional value of this trade in BTC terms is 20 BTC
- Trader A is charged a taker fee of 0.008 BTC (0.04%)
- Trader B is charged a maker fee of 0.003 BTC (0.015%)
- Both amounts are transferred immediately upon matching
|
|
Fee amount for Trader A |
Fee amount for Trader B |
|
|
= 1 / Trade Price * (Fee %) * Quantity = 1 / 5,000 * 0.04% * 100,000 = 0.008 BTC |
= 1 / Trade Price * (Fee %) * Quantity = 1 / 5,000 * 0.015% * 100,000 = 0.003 BTC |
|
|
= (Fee %) * Notional Order Value = 0.04% * 20 BTC = 0.008 BTC |
= (Fee %) * Notional Order Value = 0.015% * 20 BTC = 0.003 BTC |
FAQ
When am I a Taker, when am I a Maker?
If you submit an order that crosses the order book and is immediately matched, you pay the taker fee. If you submit an order that first sits in the order book before it is matched, you pay the maker fee.
How are Settlements, Liquidations, Assignments and Terminations treated?
- Positions that are settled in final settlement are treated as taker.
- Liquidations are treated as taker.
- Assignments are treated as taker.
- Terminations are treated as taker for the party causing the termination, and fees for the other party are 0.
Where can I see the fees I have paid?
You can look up the fees you have paid by navigating to the "Logs" tab in the bottom panel of the trading platform.
Do you charge any other fees?
We do not charge any other fees. However, positions opened in Perpetual contracts will accumulate a funding rate as an unrealised profit/loss (UPL). This is a user-to-user transfer.
* Original end date of fee trial was 14th of December, 2023, but has been extended until end of 30th of September, 2024