The Delta 1 trading fees* shown below apply to all Delta 1 contracts** (Perpetuals, Dated Futures, and Futures Rolls) and to both BTC and ETH as the underlying.
| Tier | 30 day trading volume | Maker (bps) | Taker (bps) |
|---|---|---|---|
| 1 | $0 - $50M | 1.0 | 5.0 |
| 2 | >$50M | 0.5 | 1.5 |
** 50% fee discount for Futures Rolls & other combinations, if legs are offsetting.
The Options trading fees* shown below apply to all Options 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.
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.
Limit orders that are placed into order books are providing liquidity. Exchange users that place such orders are said to be "making the market". A fill (trade) on an order in an order book is a maker trade, and is charged the maker fee rate.
If an order is placed such that it immediately trades against other orders in an order book, it is removing (taking) liquidity. Such order is charged the taker fee.
A limit order can be partially filled against the book orders when it is placed. In this case, the immediately filled portion of the order consists of taker trades. The unfilled portion of the order is placed into the order book, and can later be filled with maker trades.
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 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, will be applied again. Trading days start and end at 8 AM UTC.
Besides trading fees, Thalex charges the fees as shown below.
| Action | Fee |
|---|---|
| Daily settlement | Free |
| Final settlement | 1 bps |
| Liquidation | 50 bps of any liquidation trade |
| Deposit | Free |
| BTC Withdrawals | 0.0001 BTC (or up to 50 Thalex ABCs)* |
| ETH Withdrawals | 0.0001 ETH (or up to 50 Thalex ABCs)* |
| USDC Withdrawals | 0.25 USDC (or up to 50 Thalex ABCs)* |
| USDT Withdrawals | 0.25 USDT (or up to 50 Thalex ABCs)* |
An ABC withdrawal fee applies to any users who:
The ABC withdrawal fee is up to 50 Thalex ABCs per withdrawal. If a user has less than 50 ABCs in their account the fee is their total number of ABCs. If the user has no ABCs in their account, the usual withdrawal fees apply.
Users who either had more than $250 worth of assets (excluding ABCs) in their account at the start of the last daily settlement or are in Fee Tier 2 pay the usual withdrawal fees.
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.