Fees

DePerp Fees vary by market, let's look at some examples below.

Crypto
Taker (Open) 0.05%
Maker (Close) 0.05%

Metals & Forex
Taker (Open) 0.02%
Maker (Close) 0.02%
‍
There is also an execution fee detailed below which is used to pay for the blockchain network costs.

Funding fee
Funding rates for each market and collateral asset are determined hourly, taking into account the real-time imbalance of open interest. This dynamic calculation allows for a more accurate reflection of market conditions and helps maintain a balanced trading environment.

Funding fee = (Funding Factor- (Open Interest(short) - Open Interest(long)) /(Open Interest(long) + Open Interest(short))) / (365 * 24)

**Execution Fee
**There are two transactions involved in opening / closing / editing a position:
User sends the first transaction to request open / close / deposit collateral / withdraw collateralGuardians observe the blockchain for these requests then execute them.