Definition
Trading fees compensate a venue or liquidity service for processing trades. They may depend on executed value, product, account tier, and maker or taker status. They are distinct from withdrawal charges, borrowing interest, and perpetual funding payments.
How It Works
In a hypothetical percentage-based model, buying 500 USDT of an asset at a 0.1% fee costs 0.50 USDT in fees. Selling later can generate another fee, so a round trip includes both legs. The fee asset may be the acquired asset, quote asset, or a designated discount token according to the platform’s rules.
Key Considerations
A quoted zero trading fee does not eliminate spreads, slippage, network costs, or other applicable charges. Compare the full cost and actual trade record, not only an advertised rate. For derivatives, determine whether the fee base is notional exposure rather than posted margin.