Interdax follows a maker-taker model. The fees charged depend on whether the trader is a market maker or market taker:
- Market makers (who provide liquidity and successfully submit limit orders that are rested on the order book) are paid a rebate of +0.025% of the value of a transaction.
- Market takers (who take liquidity from the order book by using market orders or limit orders that remove resting orders) are charged a -0.075% fee of the value of a transaction.
Fees are charged in the settlement currency depending on the instrument: BTC, ETH, etc
Trading Fee Example
You can check the fees paid on your trades by clicking on the profile panel. Then select ‘Transaction History’ and the fee paid for each trade is displayed under the ‘Fee’ column.
Suppose a trader wants to long on 10,000 BTC-PERP contracts and enters a position with a market order. Since 10,000 BTC-PERP contracts have a value of $10,000 if the price of bitcoin is $10,000, the transaction fee will be:
- $7.50 (=0.075%*$10,000)
However, suppose the trader goes long on 10,000 BTC-PERP contracts but enters the position with a limit order that is rested on the order book. Given that 10,000 BTC-PERP contracts have a value of $10,000, the rebate gained by the trader will be:
- $2.50 (=0.025%*$10,000)