Trading Fees
The trading fees* shown below apply to all contracts** and to both BTC and ETH as the underlying.
| Tier | 30 day trading volume | Maker (bps) | Taker (bps) |
|---|---|---|---|
| 1 | $0 - $50M | 2.5 | 2.5 |
| 2 | >$50M | 1.0 | 1.0 |
* The trading fees listed already include 0.2bps of Clearing Fees.
** 50% fee discount for Futures Rolls & other combinations, if legs are offsetting.
Minimum Trade Fee
All trades on Thalex have a minimum trade fee of $0.01. In other words, any trade for which the trade fee would be lower than $0.01 is rounded up to $0.01.
Fee Tier Changes
Every day, around settlement time, we will apply the correct Fee Tier to your accounts based on the combined trading volume of all your accounts in the past 30 full trading days. Tier 2 fees (1 bps) will be applied from the first day after your trading volume has exceeded the >$50 million threshold. If your 30-day trading volume falls below $50 million, the next day, tier 1 fees (2.5 bps), will be applied again. Trading days start and end at 8 AM UTC.
Other Fees
Besides trading fees, Thalex charges the fees as shown below.
| Action | Fee |
|---|---|
| Daily settlement | Free |
| Final settlement | 1 bps |
| Liquidation | 25 bps of any liquidation trade |
| Deposit | Free |
| Withdrawal | 5 USD*** |
***Charged approximately 5 USD in the currency you are withdrawing
Negative USDt Balance
All fees are paid in the settlement coin (USDt), so please make sure you have sufficient USDt balance available. If and while an account's USDt balance is negative, the maximum withdrawable balance is reduced by 25% of the negative USDt balance.
Note that this only affects withdrawals and transfers, and does not change the margin model or your required margin balance.