Fees
Fees are based on your rolling 14-day volume and are assessed at the end of each day in UTC. Sub-account volume counts toward the master account and all sub-accounts share the same fee tier.
Referral commissions and discounts are tiered based on the referee's total trading volume:
$0 - $100M Volume: The referrer earns a 10% commission, and the referee receives a 5% discount on fees.
$100M+ Volume: The referrer earns a 5% commission, and the referee receives a 2% discount on fees.
Maker rebates are paid out every 2 weeks on each trade directly to the trading wallet. Referral rebates occur every week and users can claim these rewards from the Referrals page.
0
>= $0
0.02
0.05
1
>= $5,000,000
0.018
0.048
2
>= $10,000,000
0.016
0.046
3
>= $25,000,000
0.014
0.044
4
>= $50,000,000
0.012
0.04
5
>= $100,000,000
0.01
0.035
6
>= $250,000,000
0.008
0.03
7
>= $500,000,000
0.006
0.025
8
>= $1,000,000,000
0.003
0.02
10
>= $2,000,000,000
0
0.018
Currently fees are discounted through incentives
Types of Fees
Trade Fees: The protocol charges maker and taker fees. To incentivize liquidity provision, maker fee rates can be negative, meaning that makers receive rebates when their pending orders are matched. Takers are paying for these rebates, being the side that is actually requesting the trade. The spread between taker and maker fee rates is the charged service trade fee that is charged to use Aftermath Perpetuals. For example, if the maker fee is -0.015% and the taker fee is 0.025%, the spread collected by the protocol would be 0.01%.
Liquidation Fees: The protocol charges a liquidated position a fee proportional to the liquidated size and credits it to the liquidator position, adding to its collateral directly. This fee is taken from the liquidated user's collateral or, in case of a bad debt scenario, from the insurance fund. A smaller fee on the liquidated position's pending orders at the moment of the liquidation is also charged (force cancel fee). Read more Liquidations.
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