79 lines
3.1 KiB
Markdown
79 lines
3.1 KiB
Markdown
> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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# Fees
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> Tiered maker and taker trading fees for Polymarket Perps
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Perps trading fees are tiered by an account's trailing 30-day trading volume.
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Higher-volume accounts pay lower taker fees, and the top tier earns a maker
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rebate instead of paying a maker fee.
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## Fee Calculation
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For each fill, the fee is calculated on the notional value of the trade:
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```text theme={null}
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Fee = abs(Price * Quantity) * Rate
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```
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Fees are denominated in the instrument's quote asset (pUSD). The rate applied
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to a fill is set by the account's current volume tier.
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| 30-Day Volume ≥ | Taker | Maker |
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| --------------- | ------- | -------- |
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| \$0 | 0.0400% | 0.0125% |
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| \$1M | 0.0370% | 0.0100% |
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| \$5M | 0.0350% | 0.0080% |
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| \$25M | 0.0300% | 0.0050% |
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| \$100M | 0.0270% | 0.0020% |
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| \$500M | 0.0250% | 0.0000% |
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| \$1B | 0.0200% | -0.0050% |
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New accounts start at the \$0 tier and move up as trailing 30-day volume crosses
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each threshold.
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A negative maker fee is a rebate: the maker receives the rebate amount, and the
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fee recipient's internal ledger is debited by the same amount.
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<Note>
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A subset of accounts created during the Perps beta are temporarily on the
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top-tier fee schedule regardless of trailing 30-day volume. Standard
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volume-based tiering applies to these accounts once the transition period
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ends.
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</Note>
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If you're integrating Perps, read the current fee schedule from
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[Trading Fees](/perps/trading#trading-fees).
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## Fee Metrics
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Trailing 7-day activity metrics are available for visibility. They are a
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rolling view of recent activity and do not, on their own, determine the volume
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tier used to set fees.
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| Metric | Meaning |
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| ------------------- | ------------------------------------------------------------------------------ |
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| Total volume | Total Perps trading volume |
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| Taker volume | Perps volume that removed liquidity |
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| Maker volume | Perps volume that added liquidity |
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| Account maker share | Account maker volume divided by total exchange volume |
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| Entity maker share | Entity maker volume divided by total exchange volume, when the account has one |
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These metrics are cached by UTC day and may be stale by up to 24 hours.
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If you're integrating Perps, read account metrics from
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[Account Stats](/perps/account-management#account-stats).
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## Fee Accounting
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Every fill's fee flows through a single fee-recipient account on the internal
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ledger:
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* Taker fees credit the recipient.
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* Maker fees credit the recipient at every tier where the maker rate is
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non-negative.
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* At the top tier the maker rate is a rebate, so it debits the recipient and
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credits the maker.
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