Fees
Liquid trading fees are 0.05% or less on perpetual futures, with no added fee on spot. See the full fee schedule for crypto perps, stocks, commodities, FX, indices, and prediction markets.
Liquid charges some of the lowest trading fees in the market: 0.05% (5 basis points) or less on perpetual futures, and no additional fee on spot trades. Fees vary slightly depending on the venue an order is routed to. The full schedule is below, and the exact fee for any order is always shown on the order ticket before you confirm.
Crypto Perpetuals and Spot
On spot markets, where you buy the underlying asset, Liquid charges no additional fee. You pay exactly the venue's base fee.
On perpetual futures, Liquid applies a uniform 0.05% fee on executed trades, on top of the venue's base fee. Fee tiers are based on your account's rolling 14-day trading volume, and the tables below show the all-in rate you pay.
What to know about fees:
Fees are based on your account's rolling 14-day trading volume.
Fee tiers are assessed at the end of each day (UTC).
Maker rebates are paid out continuously on each trade directly to your wallet.
Perps and spot use separate fee schedules, but volume is counted together to determine your tier.
Spot volume counts double toward your fee tier:
(14-day perps volume) + 2 × (14-day spot volume) = 14-day weighted volume
Perpetuals fee schedule (all-in)
0
—
0.095%
0.065%
1
> $5M
0.090%
0.062%
2
> $25M
0.085%
0.058%
3
> $100M
0.080%
0.054%
4
> $500M
0.078%
0.050%
5
> $2B
0.076%
0.050%
6
> $7B
0.074%
0.050%
Spot fee schedule
0
—
0.070%
0.040%
1
> $5M
0.060%
0.030%
2
> $25M
0.050%
0.020%
3
> $100M
0.040%
0.010%
4
> $500M
0.035%
0.000%
5
> $2B
0.030%
0.000%
6
> $7B
0.025%
0.000%
Stocks, Commodities, FX, and Indices (Ostium-routed markets)
Some real-world asset markets are routed to Ostium. On these markets, fees are charged only when entering a position, not when exiting. That means 10 bps of taker fees on an Ostium-routed market is equivalent to 5 bps charged on both entry and exit elsewhere, excluding liquidations.
Ostium's entry fees are:
Crypto: Maker / Taker of 3 bps / 10 bps. Maker fees apply only if leverage is at most 20x and the trade reduces the open interest imbalance. Otherwise taker fees apply.
Indices: All trades are taker, at 5 bps.
FX: All trades are taker, at 3 bps, except USD/MXN at 5 bps.
Stocks: All trades are taker, at 5 bps.
Commodities: All trades are taker, and the fee varies by asset:
XAU / USD (gold)
3 bps
CL / USD (crude oil)
10 bps
HG / USD (copper)
15 bps
XAG / USD (silver)
15 bps
XPT / USD (platinum)
20 bps
XPD / USD (palladium)
20 bps
On all Ostium-routed trades, Liquid adds 5 bps.
Lighter-routed Markets
Liquid does not charge fees on top of Lighter, in keeping with Lighter's zero-fee approach.
Prediction Markets
Opening a prediction market position is free. Liquid charges a 0.9% fee when you sell a contract or a position is closed. The fee is shown on the order ticket before you confirm.
Other Costs
Funding. Perpetual positions pay or receive funding between longs and shorts. Funding is not a Liquid fee; it is a transfer between traders.
Withdrawals. Withdrawing USDC to an external address costs a flat $1 to cover network costs. See Withdrawals.
Deposits. Crypto deposits are free. Card and bank deposits may include a processing fee from the payment provider, shown before you pay.
Co-Invest. Co-Invest is free. There is no subscription, AI surcharge, or spread markup. You pay standard Liquid trading fees.
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