Fees
| Standard position (up to the standard max leverage) | Knock-out position (above it) | |
|---|---|---|
| Open and close | 0.05% of notional each way; an open pays at least $0.10 | 0.02% of notional each way; an open pays at least $0.10 |
| Profit share | up to 2% of the profit on a winning close, to the insurance fund, while the fund is under its target (it tapers to 0% as the fund fills; the ticket shows the current share) | 5% of the profit on a winning close |
| Fast-move fee | only on trades that add to the house's risk while the coin is moving fast: 10% of the move in the last minute, from a 1% move, at most 1% (the ticket shows it and why) | same |
| Liquidation | 1% of the notional liquidated (half to insurance, half to protocol) | none: 20% of collateral goes to insurance at the knock-out |
| Funding | the market's rate, paid by longs and received by shorts | same |
| Adding margin, brackets, moving orders | free | — |
| Pool deposit and withdrawal | free |
The $0.10 minimum only touches small opens (under $200 standard, under $500 knock-out): every position is work for the system that watches and liquidates it, whatever its size. Orders to open need the collateral and fee in your free cash when you place them; they're charged only when they fill.
Funding is not a fee: it's the price of the convexity you hold and it goes to the other side. Fees are the same in every market and don't change with the pricing ladder.
Trades that take risk off the house never pay the fast-move fee. Of the protocol's fee revenue, 35% goes to the liquidity pool every hour (its share price rises); the rest stays with the protocol. Stats shows the running totals.
Stratos · paper modestratos.cash