Trading Fees

VIP Levels and Basic Fee Structure

Peter avatar
Written by Peter
Updated yesterday

At OPNX, we strive to offer competitive fees for both derivatives and spot trading. Our fee structure is tiered and based on the amount of OX a user holds, as well as their trailing 30-day perp and spot trading volume. It's important to note that all sub-accounts are included in these calculations, so you can be sure you're getting an accurate reflection of your trading activity.

The fee structure for retail traders is illustrated below:

The fee structure for Market Makers is available below as well:

Note: Anyone not using OX as trading fees will automatically be charged according to the Non-OX fees. OX tokens reserved in working orders cannot be used to pay trading fees and could result in being charged a higher rate.

Maker vs. Taker Fees

Maker fees are lower than taker fees. A maker fee is charged when you add liquidity to the order book by placing a limit order that doesn't immediately fill. In other words, you are "making" the market by providing liquidity. Using the maker-only or maker-only-reprice time-in-force settings ensures that your order will only execute as a maker.

A taker fee is charged when you remove liquidity from the order book by placing an order that immediately fills against resting orders. In other words, the trader is "taking" liquidity from the market.

OX Balance and Fee Currencies

All discounted fees and rebates are paid in OX. Although your VIP Level considers OX holdings across all sub-accounts, OX does need to be available in the account that originated the trade to benefit from the discount. If no OX balance is available in the account, then the higher non-OX fees will be charged.

Non-OX perp trading fees are paid in USDT.

Non-OX spot trading fees are paid in the asset that you are receiving e.g. BTC when buying BTC/USDT and USDT when selling BTC/USDT.

Repo Fees

Trading repo is completely free for both makers and takers.

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