The Delta 1 trading fees* shown below apply to all Delta 1 contracts (Perpetuals and Dated Futures).
| Tier | 30 day trading volume | Maker (bps) | Taker (bps) |
|---|---|---|---|
| 1 | $0 - $50M | 1.0 | 5.0 |
| 2 | >$50M | 0.5 | 1.5 |
* The trading fees listed already include 0.2bps of Clearing Fees.
The Options trading fees* shown below apply to all Options contracts**.
| Tier | 30 day trading volume | Maker (bps) | Taker (bps) |
|---|---|---|---|
| 1 | $0 - $50M | 1.5 | 1.5 |
| 2 | >$50M | 1.0 | 1.0 |
* The trading fees listed already include 0.2bps of Clearing Fees.
** Option combo order fees only apply to the leg with the highest total fee. All other leg fees are set to zero.
*** Options fees are subject to a maximum cap of 12.5%.
The Future Rolls trading fees are calculated as of the formula below:
The fees charged are split equally between trades in each leg of the Futures Rolls contract.
All trades executed by Bot Strategies, including the Grid Bot, Delta Hedger, and Delta Follower, are charged a trading fee of 1 basis point (bps) for both maker and taker orders.
All trades on Thalex have a minimum trade fee of $0.0001. In other words, any trade for which the trade fee would be lower than $0.0001 is rounded up to $0.0001.
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 | 0.00001 BTC |
| ETH Withdrawals | 0.0001 ETH |
| XAUt Withdrawals | 0.00005 XAUt |
| USDt Withdrawals | 0.25 USDt |
| USDC Withdrawals | 0.25 USDC |
| Asset Swap | 2.5 bps of any trade* |
* Asset swap fee on BTC, ETH and USDt assets.
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.