Trading Information

Trading Information

Fees

Discover Thalex's Trading Fees: Transparent and Fair

Trading Fees

Delta 1

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.

Tier30 day trading volumeMaker (bps)Taker (bps)
1$0 - $50M1.05.0
2>$50M0.51.5

** 50% fee discount for Futures Rolls & other combinations, if legs are offsetting.

Options

The Options trading fees* shown below apply to all Options contracts and to both BTC and ETH as the underlying.

Tier30 day trading volumeMaker (bps)Taker (bps)
1$0 - $50M2.52.5
2>$50M1.01.0

* The trading fees listed already include 0.2bps of Clearing Fees.

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 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.

Other Fees

Besides trading fees, Thalex charges the fees as shown below.

ActionFee
Daily settlementFree
Final settlement1 bps
Liquidation50 bps of any liquidation trade
DepositFree
BTC Withdrawals0.0001 BTC (or up to 50 Thalex ABCs)*
ETH Withdrawals0.0001 ETH (or up to 50 Thalex ABCs)*
USDC Withdrawals0.25 USDC (or up to 50 Thalex ABCs)*
USDT Withdrawals0.25 USDT (or up to 50 Thalex ABCs)*

ABC withdrawal fee

An ABC withdrawal fee applies to any users who:

  • Are in Fee Tier 1
  • Have Thalex ABCs on their account
  • Had less than $250 USD worth of assets (excluding ABCs) in their account at the start of the last daily settlement

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.

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.