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What a round trip actually costs, as a percentage of your margin — and how far the market has to move before you break even.
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One figure rarely settles a position. These are the others.
See what carry actually cost, day by day →
Assume 0.06% taker in and 0.06% taker out. That is 0.12% of notional per round trip. At 10x leverage it is 1.2% of your margin, per trade, before the market moves at all. Three trades a day for twenty trading days is 72% of margin paid in fees in a month.
Cutting your fee rate improves expectancy by arithmetic, with no forecast required. Improving your entries requires being right about the future. Do the arithmetic one first.
Often not. Front pages quote a headline, the fee page quotes a range, and the order ticket quotes the rate for the contract in front of you -- and on one venue checked in September those three were 0.02%, 0.000%~0.040% and 0.04%. Both of the first two were technically true and neither was the number that billed. The ticket is the one to read.
A maker order rests in the book and waits; a taker order crosses the spread and fills now. On a typical schedule that is 0.02% against 0.06%, so a round trip is roughly 0.04% instead of 0.12% -- three times cheaper for the same position, paid for with patience. Most retail flow is taker out of impatience rather than necessity.
They are real and they are conditional. A discount typically applies only while you hold enough of the token to pay the fee with, stops the moment that balance runs out, and on at least one venue has to be moved into the futures wallet separately before it applies there. Marketing surfaces and the account's own fee page have also been seen quoting different percentages on the same day.
It depends entirely on how long you hold. Fees are paid twice, at open and close, and are fixed. Funding is paid every eight hours for as long as the position is open. Below about two days the fee is the larger cost; past that funding overtakes it and keeps going.
Rarely, on purpose. Tiers step down with thirty-day volume, and trading more to reach one costs more in fees than the tier saves. They matter for reading a schedule honestly -- most published rates are tier zero, which is the worst rate the venue charges anyone.