Deribit has a maker-taker fee model. This means that orders providing liquidity could have different fees versus orders that take liquidity. Fees vary per product and are calculated as a percentage of the underlying asset of the contract.
Maker and Taker Orders
|
Maker |
A “maker” order is an order that adds liquidity to the order book. A maker order is not executed instantly, rather it is placed in the order book. |
|
Taker |
A “taker” order is an order that removes liquidity from the order book. A taker order is an order that is executed instantly against other orders upon submission to the exchange. |
|
Contracts |
Maker Fee |
Taker Fee |
|---|---|---|
|
BTC Weekly Futures |
-0.01% |
0.05% |
|
ETH weekly futures |
-0.01% |
0.05% |
|
BTC Futures & Perpetual |
0.00% |
0.05% |
|
ETH Futures & Perpetual |
0.00% |
0.05% |
|
USDC Perpetuals |
0.00% |
0.05% |
|
BTC Options |
0.03% of the underlying or 0.0003 BTC per options contract (Capped at 12.5% of the options price) |
0.03% of the underlying or 0.0003 BTC per options contract (Capped at 12.5% of the options price) |
|
ETH Options |
0.03% of the underlying or 0.0003 ETH per options contract (Capped at 12.5% of the options price) |
0.03% of the underlying or 0.0003 ETH per options contract (Capped at 12.5% of the options price) |
|
USDC Linear Options |
0.0001 * index price (Capped at 12.5% premium) |
0.0005 * index price (Capped at 12.5% premium) |
|
Spot |
0% |
0% |
Notice
Please keep in mind that a hidden order will always match as a taker order, and will have to pay the taker fee. To learn more about hidden orders and other order types, please head to Order attributes
Notice
BTC and ETH options fees can never be higher than 12.5% of the options price. For example, if an option is traded at 0.0001 BTC, the taker fee will be 0.0000125 BTC (instead of 0.0003 BTC), which is calculated as 12.5% of 0.0001 BTC.
Collateral Fees
When cross collateral is enabled, it is possible for the equity of a particular settlement currency to go negative, while the account as a whole remains solvent.
While the equity of a currency in an account remains negative, a collateral fee will be charged to that account. This fee is charged daily in the same currency as the negative balance (default = 0.05% per day). The fee is charged against the time of holding the negative amount to a granularity of seconds.
To avoid paying collateral fees, a trader may replenish the currency with the negative equity themselves instead, by either depositing more or trading between currencies via the spot market.
The output is calculated in USD giving a USD row in the Account Summary but this USD output is then converted in each Settlement currency for the sake of backwards compatibility. Important to note that the value sum of your BTC, ETH, USDC and USDT Margin Balance and margins will not be equivalent to your USD Margin Balance and margin.
Option Combo fees
The second option leg(s) fee is reduced by 100% (zero fee!) as follows:
Only discount for combos with a combination of buy and sell trade like for example a call spread and no discount for two legs in the same direction like straddles
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We group the Buy trades (group A) and the Sell trades (group B). The fees for the group with the lowest fees will be waived.
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If the fee for buy trade (Group A) would be 10 and sell trade (Group B) 8 we would apply the 100% discount percentage on the cheapest group in this case the total fee for the combo would be 10 instead of 18
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Butterfly example Buy Call1, Buy Call2, (Group A) and sell 2 x Call3 (Group B), we would waive fees for Group A or B pending which group has lowest fees
-
The same discount method will be applied to options combos executed as a block trade.
Futures spreads / Futures combos
For takers, a 100% discount to the fees is applied to the cheapest leg.
For makers, rebates are reduced by 50%.
Example:
Client A is the taker for a futures spread and has a regular fee of 3.5 bps (0.035%) for each leg.
Client A will pay 3.5 + (3.5*0) = 3.5 bps for the spread, instead of 7 bps.
Client B is the maker for the futures spread and has a fee rate of -1 bps (basis points) for each leg, in other words a 1 bps rebate for both legs. This is then reduced by 50%, meaning they only receive 1 bps in total, rather than 2 bps.
(The fee rates used here are just an example to illustrate the effect of the discount, actual fee rates may be different)
Futures spreads / Futures block trades
For futures spreads executed as a block trade, the model works differently. Deribit charges a fixed fee of 0.025% for BTC and ETH futures and perpetual, regardless of whether acting as a maker or taker.
Should you have a volume discount your actual fees would be visible in the account menu. The Block Fee is expressed as a percentage of the base fee that can be found on the fee page. For example, if the base fee is 0.025% and the percentage shown is 80% it would imply your Block Fees for this instrument are 80% of 0.025% = 0.02%.
Delivery (Settlement at Expiry)
Futures and options deliveries are charged an additional fee. The daily options and weekly futures are exempt from delivery fees.
|
BTC/ETH Weekly Futures |
0.0% |
|
BTC/ETH Futures |
0.025% |
|
BTC/ETH Daily Options |
0.0% |
|
BTC/ETH Options |
0.015% - this fee can never be higher than 12.5% of the options value |
|
USDC Linear Options |
0.015% - this fee can never be higher than 12.5% of the options value |
Liquidation Fees for BTC/ETH and USDC Options
Liquidations are charged an additional fee on top of regular trading fee. Fees are increased by a quantity of the underlying contract size. The additional fee of the liquidation is automatically added to the insurance fund. Discounts do not apply to the Total Fee in liquidation cases.
|
Fee type |
BTC |
ETH |
USDC |
|
Regular Trading Fee |
|
Maker: 0.01% of Underlying Index Price Taker: 0.05% of Underlying Index Price |
|
|
Total Fee (in case of liquidation) |
|
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|
|
Liquidation Fee |
|
||
Liquidation Fees for BTC/ETH and USDC Futures & Perpetuals
|
Fee type |
BTC |
ETH |
USDC |
|
Total Fee (in case of liquidation) |
0.75% 0.75% for maker orders and 0.70% for taker orders will be added to the insurance fund |
0.9% 0.90% for maker orders and 0.85% for taker orders will be added to the insurance fund |
0.19% of the Underlying Index Price |
Deposits and Withdrawals
Bitcoin deposits are credited after 1 confirmation on the network. We do not charge fees for deposits. Withdrawals are processed instantly if the balance in our hot wallet permits so. We keep only a small percentage of coins in hot storage, therefore there is a chance that your withdrawal cannot be processed immediately. If needed, once a day we will replenish the balance of the hot wallet from the cold storage.
Fee Balance
Sometimes Deribit will credit accounts with a 'fee balance'. This may be as a reward or bonus for completing a specific task, or as part of some promotion. A fee balance can only be used to pay fees, and can not be withdrawn or used as collateral to trade. While a positive fee balance remains, it effectively gives the user zero trading fees for instruments that are settled in the currency of the fee balance. For example, a USDC fee balance will be used to pay the trading fees for any instruments that settle in USDC, until the fee balance has been depleted.