Definition
A taker fee applies to the liquidity-consuming side of a fill. Market orders generally receive this treatment, but an immediately executable limit order can also be a taker. The fee is separate from the difference between the expected and actual execution price.
How It Works
For a hypothetical quote-currency calculation, 2,000 USDT of executed value at 0.05% costs 1 USDT: 2,000 × 0.0005. This illustrates the arithmetic rather than any platform’s current rate. A partly executed order can incur different maker and taker charges if its remaining quantity later rests in the book.
Key Considerations
Check the rate, product, fee asset, and applicable discounts. A derivative’s fee may be based on full contract exposure, not the smaller margin deposit. The fee alone does not measure execution cost; crossing the spread and slippage can add further expense.