Trading Fees

The table below shows the current spot and perpetual futures fee tiers. As your 30-day trading volume increases, you move up through the tiers and both your maker and taker fees decrease.

• Fee tiers are recalculated hourly, and your tier status is updated accordingly.
• Your effective tier is determined by your BP stake, trading volume, and pre-TGE Mad Lad NFT holding, whichever tier is highest.
• The USDT/USDC trading pair is subject to a 0% fee, and trades on this pair do not count toward your 30-day volume.

What are maker and taker fees?

A maker places a limit order that adds liquidity to the market: the order waits on the book for a matching order to arrive. Makers pay the lower fee because they contribute liquidity. A taker places an order that matches immediately against an existing order, removing liquidity from the market, and pays a slightly higher fee.