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. |
Note
Using a limit order does not guarantee that an order will act as the maker. Traders who want to ensure an order will only act as a maker should make sure that the order is not an iceberg order, and that "Post" is enabled.
|
Contracts |
Maker Fee |
Taker Fee |
Example |
|---|---|---|---|
|
BTC Weekly Futures |
-0.01% |
0.05% |
A trade of $10,000 is executed at a price of $100,000. The taker in the trade will pay 0.05% of 0.1 BTC as a fee, which is 0.00005 BTC. The maker in the trade will receive a rebate of 0.01% of 0.1 BTC, which is 0.00001 BTC. |
|
ETH Weekly futures |
-0.01% |
0.05% |
A trade of $10,000 is executed at a price $5,000. The taker in the trade will pay 0.05% of 2 ETH as a fee, which is 0.001 ETH. The maker in the trade will receive a rebate of 0.01% of 2 ETH, which is 0.0002 ETH. |
|
BTC Futures & Perpetual |
0.00% |
0.05% |
A trade of $50,000 is executed at a price of $100,000. The taker in the trade will pay 0.05% of 0.5 BTC as a fee, which is 0.00025 BTC. The maker in the trade will not pay a fee. |
|
ETH Futures & Perpetual |
0.00% |
0.05% |
A trade of $20,000 is executed at a price of $4,000. The taker in the trade will pay 0.05% of 5 ETH as a fee, which is 0.0025 ETH. The maker in the trade will not pay a fee. |
|
USDC Perpetuals |
0.00% |
0.05% |
A trade of 10 SOL is executed at a price of 200 USDC. The taker in the trade will pay 0.05% of 2000 USDC as a fee, which is 1 USDC. The maker in the trade will not pay a fee. |
|
USDT Perpetuals |
0.00% |
0.05% |
A trade of 2 BTC is executed at a price of $80,000. The taker in the trade will pay 0.05% of 160,000 USDT as a fee, which is 80 USDT. The maker in the trade will not pay a fee. |
|
DVOL Futures |
0.00% |
0.05% |
A trade of 100 units of BTCDVOL is executed at a price of 40 USDC. The taker in the trade will pay 0.05% of 4,000 USDC as a fee, which is 2 USDC. The maker in the trade will not pay a fee. |
|
BTC Options |
0.03% of the underlying (0.0003 BTC) per option contract. This fee is also capped at 12.5% of the option's price. Therefore the total fee can be calculated as follows: MIN(0.0003 BTC, 0.125 * OptionPrice) * Amount |
0.03% of the underlying (0.0003 BTC) per option contract. This fee is also capped at 12.5% of the option's price. Therefore the total fee can be calculated as follows: MIN(0.0003 BTC, 0.125 * OptionPrice) * Amount |
An option is traded for a price of 0.008 BTC, with an amount of 3. Both the maker and the taker will pay a fee of: MIN(0.0003 BTC, 0.125 * OptionPrice) * Amount = MIN(0.0003, 0.001) * 3 = 0.0009 BTC |
|
ETH Options |
0.03% of the underlying (0.0003 ETH) per option contract. This fee is also capped at 12.5% of the option's price. Therefore the total fee can be calculated as follows: MIN(0.0003 ETH, 0.125 * OptionPrice) * Amount |
0.03% of the underlying (0.0003 ETH) per option contract. This fee is also capped at 12.5% of the option's price. Therefore the total fee can be calculated as follows: MIN(0.0003 ETH, 0.125 * OptionPrice) * Amount |
An option is traded for a price of 0.002 ETH, with an amount of 5. Both the maker and the taker will pay a fee of: MIN(0.0003 ETH, 0.125 * OptionPrice) * Amount = MIN(0.0003, 0.00025) * 5 = 0.00125 ETH |
|
USDC Linear Options |
0.01% of the index price of the underlying, but capped at 12.5% of the option's price. Therefore the total fee can be calculated as follows: MIN(0.0001 * IndexPrice, 0.125 * OptionPrice) * Contracts * ContractSize |
0.05% of the index price of the underlying, but capped at 12.5% of the option's price. Therefore the total fee can be calculated as follows: MIN(0.0005 * IndexPrice, 0.125 * OptionPrice) * Contracts * ContractSize |
One SOL option contract is traded for a price of $5, while the SOL-USDC index price is $200. The ContractSize for SOL is 10. The taker in the trade will pay a fee of: MIN(0.0005 * IndexPrice, 0.125 * OptionPrice) * Contracts * ContractSize = MIN(0.1, 0.625) * 1 * 10 = 1 USDC The maker in the trade will pay a fee of: MIN(0.0001 * IndexPrice, 0.125 * OptionPrice) * Contracts * ContractSize = MIN(0.02, 0.625) * 1 * 10 = 0.2 USDC |
|
Spot |
0% |
0% |
Neither the maker nor taker pay any fees for spot trades on Deribit. |
Notice
MIN is short for minimum, and the function MIN(A, B) will give the lowest value of A and B.
MAX is short for maximum, and the function MAX(A, B) will give the highest value of A and B.
Notice
Please keep in mind that for iceberg orders, the visible portion can match as a maker order (eligible for the maker fee), while the hidden portion will always match as a taker order and therefore incur the taker fee. To learn more about hidden orders and other order types, please head to Order attributes
Option combos that contain both at least one buy leg and at least one sell leg benefit from a fee discount that is calculated as follows.
The fees from all the buy legs are summed together. Then all the fees from the sell legs are summed together. Whichever direction has the lowest fees, the fees for the legs in that direction are reduced to zero.
For example, a trader executes an option combo with the following legs and fees:
-
Buy Option A with fees of 0.01 BTC
-
Sell Option B with fees of 0.012 BTC
-
Sell Option C with fees of 0.013 BTC
-
Buy Option D with fees of 0.011 BTC
Before the option combo fee discount has been applied, the total fees are 0.01 + 0.012 + 0.013 + 0.011 = 0.046 BTC, however this will be reduced as follows.
Buy leg fees = 0.01 + 0.011 = 0.021 BTC
Sell leg fees = 0.012 + 0.013 = 0.025 BTC
Buy leg fees < Sell leg fees, so the fees for the buy legs are reduced to zero. This means the total fees paid by the trader are reduced from 0.046 BTC to 0.025 BTC.
The option combo fee discount applies to option combinations executed as option combos, as well as those executed as block trades.
Note
Option combinations that have all the legs in the same direction, e.g. a straddle or strangle, do not benefit from the option combo fee discount.
For takers, a 100% discount to the fees is applied to the cheapest leg.
For makers, rebates are reduced by 50%.
For example:
Client A is the taker for a futures spread and has a regular futures 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 futures fee rate of -1 bps (0.01%) for each leg, in other words a 1 bps rebate for both legs. This is 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)
Note
Futures Spreads executed via block trades do not use this same fee model. Please see block trade fees for details.
Block trades have the same fees for maker and taker.
If you have a volume discount this will 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 for an instrument is 0.025% and the percentage shown for your Block Fees is 80%, this means your Block Fees for the instrument are 80% of 0.025% = 0.02%.
|
Product |
Block Trade Fee |
|---|---|
|
BTC Futures & Perpetual |
0.025% |
|
ETH Futures & Perpetual |
0.025% |
|
BTC Options |
0.03%* |
|
ETH Options |
0.03%* |
*Option combinations that include both buys and sells also benefit from the option combo fee discount.
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.
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% |
|
BTC/ETH Futures |
0.025% |
|
BTC/ETH Daily Options |
0% |
|
BTC/ETH Options |
0.015% - this fee can never be higher than 12.5% of the option's value |
|
USDC Linear Options |
0.015% - this fee can never be higher than 12.5% of the option's value |
Liquidations are charged an additional fee on top of regular trading fee. The additional fee of the liquidation is automatically added to the insurance fund. Fee discounts do not apply to the Total Fee in liquidation cases.
|
Product |
Total Fee |
|---|---|
|
BTC Options |
MIN(0.0003, 0.25 * OptionPrice) * Amount |
|
ETH Options |
MIN(0.0003, 0.25 * OptionPrice) * Amount |
|
USDC Options |
MIN (0.19% * IndexPrice , 0.25 * OptionPrice) * Contracts * ContractSize |
|
BTC Futures & Perpetuals |
0.75% |
|
ETH Futures & Perpetuals |
0.9% |
|
USDC Futures & Perpetuals |
0.19% |
The Total Fee in the above table includes both the regular trading fees, and the extra liquidation fee that is charged only to liquidation orders. Trades that are not part of a liquidation are not charged a liquidation fee.
TotalFee = TradingFee + LiquidationFee
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.