Price Impact Fee

Impact fees are primarily implemented to balance the market depth effects caused by large orders. This encourages traders to consider market depth and order size, thus preventing impulsive trading actions. Impact fees are levied during the opening and closing of positions (not charged for liquidation and maximum profit closings). The specific rules are as follows:

  • Mainstream Pair Impact Fee Rate: (Size * Price) / (1000 * 0.1% depth Buy/Sell);

  • Other Pair Impact Fee Rate: (Size * Price) / (100 * 1% depth Buy/Sell);

  • Collected by: Vault

  1. Impact Fee = Position Size * Mark Price * Impact Fee Rate

  2. Impact Fee Rate: Determined by the size of the position.

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