Trading Fees
Syndr uses a maker-taker fee model for determining trading fees.
There are two types of orders on Syndr — Maker and Taker orders.
- Maker orders are orders that do not immediately fill and rest on the order book — these orders add depth and liquidity to the order book.
- Taker orders, on the other hand, immediately cross existing Maker orders. They remove liquidity from the order book.
Options
| Maker Fees | Taker Fees | |
|---|---|---|
| ETH Options | 0.03% of notional | 0.05% of notional |
| BTC Options | 0.03% of notional | 0.05% of notional |
note: Options fees can never be higher than 12.5% of the options price.
Perps
| Maker Fees | Taker Fees | |
|---|---|---|
| ETH Perp | 0.02% | 0.05% |
| BTC Perp | 0.02% | 0.05% |
Futures(Dated)
| Maker Fees | Taker Fees | |
|---|---|---|
| ETH Futures | 0.02% | 0.05% |
| BTC Futures | 0.02% | 0.05% |
Settlement Fees
Futures(Dated) and options are charged a settlement fee at expiry. The daily options and weekly futures are exempt from delivery fees.
| Settlement Fees | |
|---|---|
| BTC/ETH Weekly Futures | 0% |
| ETH/BTC Futures | 0.025% |
| BTC/ETH Daily Options | 0% |
| BTC/ETH Options | 0.015% |
Liquidation Fees
Syndr charges a liquidation fees every time a user gets liquidated. The liquidation fees is represented as a % of the notional amount for the liquidated position.
| Liquidation Fee | |
|---|---|
| ETH Futures | 1% |
| BTC Futures | 0.8% |
| ETH Perps | 1% |
| BTC Perps | 0.8% |
| ETH Options | 0.02% |
| BTC Options | 0.02% |
Deposits + Withdrawals
Free except network gas fee