Fees

From 1st February 2018, the following special offer applies:

Fee typeValue
Trading feeMaker: -0.02%Taker: 0.03%
Auction fee0.005%
Futures settlement fee0.03%
Option settlement feeOTM/ATM: 0%ITM: 0.03%

All fees are calculated using the trade's total notional value. This also happens in the case of options, which have $1 notional amount as well. The notional value is calculated using the futures price relevant for the option's maturity.

Maker-taker fee

Quedex employs maker-taker commision scheme, where maker (or liquidity provider) is the user whose order was present in the orderbook before the trade, while liquidity taker is the one whose order caused that trade. This applies to both futures and options.

Maker-taker commission scheme on Quedex is implemented in the following way:

  • Maker Rebate = Taker-to-Maker Fee - Base Fee
  • Taker Fee = Base Fee + Taker-to-Maker Fee

Base Fee is paid to the exchange, while Taker-to-Maker Fee is transferred in a P2P fashion between the parties of each trade. Currently, Base Fee = 0.005% and Taker-to-Maker Fee = 0.025%. TheBase Fee cannot be less than 1 satoshi (0.00000001 BTC) and Taker-to-Maker Fee cannot be less than 2 satoshi.

Discounts

All discounts on Quedex are applied to the fees paid to the exchange, i.e. to the Base Fee.

Fee on Auctions

During auctions it is not possible to distinguish between maker and taker. Instead, only Base Fee is charged.

Futures and options settlement fee

A fee equal to the taker fee is subtracted when a futures or options open position is settled at expiration.

In case of options, the fee is only charged when option is in the money. This means that out of the money (OTM) or at the money options (ATM) are not charged any fees at settlement.

Deposits and Withdrawals

Quedex does not charge for deposits. While Bitcoin withdrawals carry a network fee, currently they are free of charge.


Last updated: 08 Mar 2018