Fee

Fees

Open / Close Fees​

The trading fee to open/close a position is 0.1% of the position size.

Swap Fees​

The fees for a normal swap are 0.2% to 0.8% of the swap amount.

The exact fee depends on whether the swap improves balance or reduces it.

The collateral of long positions is the token being longed, for ETH longs the collateral is ETH and for BTC longs the collateral is WBTC, etc.

The collateral of shorts positions is any of the supported stablecoins e.g. USDC, USDT, DAI, etc.

If a swap is needed when opening or closing a position then the regular swap fee would apply.

Borrowing Fees​

To avoid a scenario where liquidity is fully reserved by a user opening equal long and short positions for a small cost, there is a borrowing fee for open positions. If there are more longs than shorts then longs would pay the borrowing fee, if there are more shorts than longs then shorts would pay the borrowing fee. This borrowing fee also helps to incentivise more liquidity to be added in the event that all liquidity is reserved for positions.

The borrowing fee rate can be viewed on the interface when making a trade. Note that the rate will change over time based on the pool utilization percentage.

Execution Fee​

There are two transactions involved in opening / closing a position:

• User sends the first transaction to request open / close / deposit collateral / withdraw collateral

• Keepers observe the blockchain for these requests then execute them

The cost of the second transaction is displayed in the confirmation box as the "Max Execution Fee". This network cost is paid to the blockchain network when the order is executed. This cost is overestimated to handle potential increases in gas price, when the order is executed, any excess execution fee is sent back to your account.

Note: The network cost(gas fee) of Open/Close Position,Buy OLP and Stake ODX is free.