PAPER · no real money
Fees
One price clears the whole beat, so there is no maker-rebate race and no payment for order flow. Here is the full schedule.
| What | Paper mode | Live mode | Note |
|---|---|---|---|
| Taker fill | 0 (paper) | 0.3¢ per trade | The side that just came in pays this on each trade. |
| Maker fill | 0 (paper) | 0 | The side that was already waiting pays nothing. |
| Hidden-order fill | 0 (paper) | 0.2¢ per trade | A hidden order pays this same flat fee each way. |
| Crypto deposit | 0 (paper) | Network fee only | On-chain gas, never a venue markup. |
| Crypto withdrawal | 0 (paper) | Network fee only | On-chain gas, never a venue markup. |
The fee is a flat amount per trade, the same whatever the trade is worth. There is no payment for order flow and no hidden spread.
How the fee adds up
Your fees add up over a day, then round down to the whole cent. A day that adds up to less than a cent costs you nothing. Four taker fills of 0.3 cents make 1.2 cents, so you pay 1 cent. One hidden fill of 0.2 cents rounds down, so you pay nothing.