Fees
The fees associated with perpetual trading are detailed below:
Trading Fees
Opening/Closing Fees:
The trading fee to open a position is 0.05% or 0.07% of the position size, similarly there is a 0.05% or 0.07% fee when closing the position.
If the trade increases the balance of longs and shorts then the fee would be 0.05%, otherwise the fee would be 0.07%.
Funding Fees: Calculated hourly based on the difference between the perpetual contract price and the index price.
Helps bring a balance between long and short OI
There may be positive or negative funding fees while a position is open
If you receive positive funding fees for your position, these fees can be claimed by using the "Claim" button on the Trade Page
Borrow Fees: Charged hourly for positions that utilize borrowed funds, with rates depending on the asset's borrowing demand and supply.
Jump Interest Rate Model, depends on pool utilization (Pool Reserved/Pool Amount)
Charge hourly
Aptos Network Fees: Standard network fees apply for transactions on the Aptos blockchain.
Deposit/Withdrawal Fees
Deposit Fees: No fees for depositing collateral.
Withdrawal Fees: Network fees may apply based on the respective blockchain's transaction costs.
Other Fees
Liquidation Fees: $5,
Maintenance Margin Fraction (MMF): 1%
Dynamic Fees: Adjusted based on market conditions to ensure the stability and profitability of the liquidity pool.
Example Calculations
Opening/Closing a Position:
Position Size: $10,000
Fee: $10,000 * 0.05% = $5
Funding Fees: Calculated hourly, varies based on market conditions.
Liquidation: Remaining collateral after liquidation is subject to a liquidation fee.
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