Trading Fees
Sujiko charges a fee for each trade made on its platform. All trading fees are calculated and settled in USDC.
The fee amount is based on the filled notional size (USD value of size) of the trade.
Fees are settled once a user's order is filled, either fully or partially. The fee for each trade will be deducted from the trader's available collateral. If the trader does not have sufficient funds, the trade will not be executed.
Sujiko offers a fee discount schedule based on a trader's rolling 30-day trading volume. Additionally, a fee discount can be enabled by staking a Sujiko Warrior NFT (coming soon).
A market order and a taker limit order are types of orders that remove liquidity from the orderbook or vAMM for a given market.
Market and taker limit orders carry a fixed base fee of 1% of the notional order size.
Also, there is an additional dynamic fee based on the divergence between oracle and mark price (see table below)
Divergence range | Fee |
|---|---|
0% - 3% | fixed: 1% |
3%+ | If increasing divergence: dynamic: (divergence^2)/(sqrt(divergence)) * 0.5 capped at 100% If decreasing divergence, fixed schedule: 3-6%: 0.9% 6-9%: 0.7% 9-12%: 0.5% 12-15%: 0.3% 15-30%: 0.2% 30-60%: 0.1% |
A maker order is a type of order that provides liquidity to the orderbook for a given market. These orders are post-only and never take liquidity away from the orderbook.
Maker limit orders earnΒ a fixed rebate of 0.1% of the notional order size. There is an additional dynamic fee based on the divergence between oracle and mark price (see table below).
Divergence range | Rebate |
|---|---|
0% - 3% | Fixed: 0.1% |
3%+ | Fixed schedule: 3-6%: 0.125% 6-9%: 0.15% 9-12%: 0.175% 12-15%: 0.2% 15-30%: 0.225% 30-60%: 0.25% |
The fee deducted from market or taker limit orders is distributed as follows.
Distributed to | % of fees |
|---|---|
Insurance pool | 30% |
Adjustments pool | 15% |
Funding rate pool | 10% |
PNL pool | 25% |
R&D pool | 25% |
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