Trade Fees

There are three types of trade fees

  • Close Trade: All close trades have a flat 0.1% trade fee.

  • Balancing Open Trade: A trade that is taking the less popular side based on volume. This means that if there are 5,000 ETH long and 4,800 ETH short opening up to a 200 ETH short would receive a lower 0.1125% trade fee because it is balancing(or arbitraging the open interest).

  • Imbalancing Open Trade: A trade that is taking the more popular side based on volume. This means that if there are 5,000 ETH long and 5,100 ETH short opening up to a 100 ETH long would receive a higher 0.225% trade fee because it is balancing(or arbitraging the open interest).

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