<aside> ⚠️ Perpetual futures are currently in limited access. Please contact [email protected] for more information.

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For perpetual futures trades, we charge a per-market maker/taker fee: for orders that cross the book, you’ll pay the taker fee, and for orders that rest on the book, you’ll pay the maker fee. The current values of this fee are available in the market specifications.

Liquidation orders are exempt from trading fees, but at the end of the liquidation, a liquidation fee will be charged.

Fees are assessed on an order’s filled quantity, at the price it filled at, in USDC. For example, if you place a market order to buy 0.1 BTC, and it fills at a price of $60,000, you’ll be charged a fee of $60,000 * 0.1 * 0.05% = $3.00. This is true regardless of what the current mark price is.

Trading fees should not be confused with Funding Fees, which can be positive, and net to zero over the whole exchange.