Fee Structure

Please go here to view the current trading fees on Liquid.

How the new fee structure will work

Liquid will maintain a calculation of a user’s previous 30-day volume which will be updated once every 24 hours at 11pm JST. The calculated figure will show in USD on the Liquid UI. 

Please note that fees will be charged at the time the order is matched, not when the order is created. This means that the associated trading fees could change from the time of order creation to execution. Liquid will reserve the maximum possible fee at order entry to cover all possible fee payments at order execution. 

API traders will be able to query their 30 day trade volume via API. 

What role does Qash play?

All users are still able to receive a 50% discount on trading fees by paying with Qash. To pay your trading fees with Qash you must have a Qash balance in your Liquid account and turn on the option to pay fees with Qash in your account settings.

How will the change be introduced?

Liquid’s new fee structure will be effective from 31st March 2020. Once the change is introduced the trading volume of existing users over the last 30 days will automatically be calculated and applied to the new updated fee structure. The Liquid UI will be updated to show your 30 day trading volume, but this change may follow a few days after the release of the new fee structure. 

How is the 30 day volume calculated?

Liquid will use your 30-day trading volume, calculated by taking the sum of a user’s daily volume over the last 30 days. This is updated once every 24 hours at 11pm JST. 

Margin Trading Interest Rate

A margin trader pays an "opening interest" at the moment the trade is started, and a "daily interest" at ~2200 UTC daily for as long as the trade is kept open. Both interests have one same rate which is decided by the lender.

Please note that Margin trading on Liquid is unavailable for Singapore residents.

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