Fees
| What | How much | Paid by |
|---|---|---|
| Opening fee | 0.30% of size | the trader, from margin |
| Closing fee | 0.30% of size | the trader, from equity |
| Borrow fee | 0.005% of size an hour | every position, long and short |
| Funding | up to 0.1% of size an hour by default | the busier side, to the other side |
| Liquidation fee | 1% of size | a liquidated position, to the vault |
Where opening and closing fees go
| Share | To |
|---|---|
| 50% | the vault (its liquidity providers) |
| 20% | the coin’s creator |
| 10% | the coin’s launchpad |
| 20% | the treasury |
The borrow fee and the liquidation fee go to the vault. Funding passes from the busier side to the lighter one; the vault keeps the difference when the sides are uneven.
Borrow fee and funding are settled inside a position’s equity when it closes, is liquidated or is settled; they are never taken from a wallet while the position runs.