Learn / Maker and taker fees
Costs
Maker and taker fees
A maker order rests on the book and adds liquidity. A taker order hits a resting order and removes liquidity. Most crypto venues charge these two roles different rates, quoted in percent of notional.
The arithmetic
Fee in dollars equals notional times the rate. A 0.05% taker fee on a $10,000 order is $5. The rate looks small because it is a fraction of a percent. It is charged on the way in and, if you close, on the way out.
A round trip at the same taker rate is notional times the rate times two. That $10,000 position at 0.05% costs about $10 to open and close, before funding and before the spread. If you used 0.06%, it is $12. The fees desk does this multiplication for the partner venues.
Why the posted rate is not your rate
VIP tiers, platform tokens, referrals, and regional entities all change the invoice. Our tables record a named tier, usually VIP 0 or the regular user, and they name the date we copied the page. If your account is a different tier, use your account.
A zero maker fee can still be a bad trade if you cross a wide spread to get filled, or if you meant to rest and the order executed as a taker. Look at the fill type in the trade history, not only the marketing page.
Questions
Is the maker always cheaper?
On most of the schedules we logged, yes. Some promotional books set both to zero. The fill report is the check.
Do LiquidityFlow fee tables update automatically?
No. They are copied from venue pages and dated. The live schedule can change after that date.