Fees

We charge a fee on each order placed by a user. The total fee is 30 bps (0.3%) of the notional value of every trade. This means that the fee is charged on the total value of the trade, not the size of the position or the leverage used.

The fee has two components:

• a 15 bps liquidity fee, which is added directly to AMM liquidity,
• a 15 bps platform fee, which is charged by the platform.

Additionally, there is a referral program which allows users to earn a part of the platform fee paid by the users they invited.

The fee is charged in USD, and is deducted from the funds used to open the position (when opening) or from the sale proceeds (when closing). The fee is not charged on the unrealized PnL, and is not included in the calculation of the account value.

Currently, there are no rebates or volume discounts, but this may change in the future.