Fee Tiers
Fees and Discounts
The PVP fee structure consists of two main components.
Permanent Level-Based Discounts
Traders unlock permanent fee discounts ending at level 99, with each milestone reducing the base fee progressively. Achieving Level 98 permanently reduces your base fee to low as 0.0350% (3.5bps).
| Level Required | Fee Range |
|---|---|
| 1 | 0.035% - 0.050% |
| 15 | 0.034% - 0.049% |
| 30 | 0.033% - 0.048% |
| 40 | 0.032% - 0.047% |
| 50 | 0.031% - 0.046% |
| 58 | 0.030% - 0.045% |
| 65 | 0.029% - 0.044% |
| 72 | 0.028% - 0.043% |
| 77 | 0.027% - 0.042% |
| 81 | 0.026% - 0.041% |
| 84 | 0.025% - 0.040% |
| 87 | 0.024% - 0.039% |
| 90 | 0.023% - 0.038% |
| 93 | 0.022% - 0.037% |
| 96 | 0.021% - 0.036% |
| 98 | 0.020% - 0.035% |
30D Volume-Based Discounts
In addition to your level-based discount, trading actively within the last 30 days earns you further fee reductions, up to 1.5 bps. Discounts scale according to your rolling 30-day trading volume:
| Volume | Discount |
|---|---|
| < $10,000,000 | 0 |
| ≥ $10,000,000 | -0.003% (0.3 bps) |
| ≥ $25,000,000 | -0.006% (0.6 bps) |
| ≥ $100,000,000 | -0.009% (0.9 bps) |
| ≥ $500,000,000 | -0.012% (1.2 bps) |
| ≥ $1,000,000,000 | -0.015% (1.5 bps) |
Example: Maximum Possible Discount
A trader at Level 98 who also reaches the highest 30-day volume tier can achieve a maximum effective perpetuals trading fee of as low as 2 bps or 0.02%.
Spot fees
Spot fees only apply on sells, and fees for trading spot are the same as fees for trading perps multiplied by 10. For example, the trader in the example above would have a fee of 0.2% for selling spot tokens.