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Trading Fees

Fee structure for perpetual futures trading on Synthetix.

Fee Schedule

Synthetix uses a tiered fee structure based on 14-day trading volume. All fees are calculated as a percentage of notional trade value.

Fee Tiers

TierMin 14-Day VolumeMaker FeeTaker Fee
Regular User$00.020%0.050%
Tier 1$5,000,0000.016%0.040%
Tier 2$25,000,0000.014%0.035%
Tier 3$100,000,0000.012%0.032%
Tier 4$500,000,0000.008%0.025%
Tier 5$2,000,000,0000.003%0.020%
Tier 6$5,000,000,0000.000%0.017%

Tier Requirements

Regular User (Tier 0)

  • No minimum volume required
  • Default tier for all new accounts

Volume-Based Tiers (Tier 1-6)

  • Based on 14-day rolling notional trading volume
  • Tier status updates automatically

Fee Types

Maker Fees

Applied when your order adds liquidity to the order book:

  • Limit orders that rest on the book before filling
  • Post-only orders (limitAlo order type)

Taker Fees

Applied when your order removes liquidity from the order book:

  • Market orders
  • Limit orders that fill immediately
  • Stop loss and take profit orders that execute

Checking Your Fee Rate

Fee Calculation

Fees are calculated on the notional value of each trade:

Fee Amount = Trade Size × Price × Fee Rate

Example Calculation

For a trade of 1 BTC at $50,000 with a 0.05% taker fee:

Notional Value = 1 BTC × $50,000 = $50,000
Fee = $50,000 × 0.0005 = $25

Implementation Notes

  • Tier status updates automatically based on rolling 14-day volume
  • Fees deducted from account collateral balance
  • All fees shown in USDT
  • Volume calculated across all markets

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