Pricing

What a trade costs here, and what comes back.

Two rates, published in full, the same on your first trade as on your ten-thousandth. And a tenth of everything you pay is returned to you every month.

The schedule

There is no ladder to climb here and no minimum volume to hold. Venues usually reserve their good rates for accounts that already trade a great deal, which is a discount aimed at people who least need one. Ours is the same rate for everybody.

Rates recorded at source on 26 August 2026. The last column is what returns to you on a taker fill, and a market order is always a taker fill.

A tenth of your fees, back every month

Read that carefully, because the wording is the whole point. It is a share of what YOU paid, not a share of what the venue pays us. You can check the first figure on your own statement. You have no way at all to check the second one, which is exactly why everyone else quotes it that way.

The share is fixed and it is published. It does not climb with a loyalty tier you have to maintain, it does not fall in a month when you trade less, and there is nothing to claim, activate or remember.

Ten percent of your fees, every month, from your very first trade.

The costs this table does not show

Three of them exist. A pricing page that hides them is worth nothing, so here they are.

• →The spread, which is the gap between the price you can buy at and the price you can sell at, at the same instant. Nobody itemises it and nobody sends you a statement for it. On a small position it can cost more than the fee itself.
• →Funding on perpetual contracts, paid or received every eight hours depending on which side the crowd is on. In a strong trend it becomes the dominant cost of holding a position, and it is invisible in almost every journal on the market.
• →The network fee on a withdrawal, which is set by the blockchain and not by us. We pass it on at cost and we never round it up.

Four ways a rebate can be quietly shrunk

Rebate services have existed for years and most of them are honest about the headline number and vague about everything underneath. These are the four places the money goes missing, and we do none of them.

• →Quoting a share of the commission rather than a share of your fees. Thirty percent sounds better than ten and is usually worth less, because you have no idea what the commission was.
• →Paying only on taker fills, or only on perpetuals, and calling it a rate on everything.
• →Setting a monthly minimum below which nothing is paid at all, which silently excludes most accounts.
• →Counting a fee that was charged in the coin you bought as though it were a dollar amount. A fee of 0.001 in Bitcoin is not a tenth of a cent, and that single confusion can shrink a rebate by a factor of a thousand.

How the amount is counted

Every fill is recorded with the fee that was charged on it, in the currency it was charged in, converted at the rate of that instant and not at the rate of the day you are paid. The month closes, the total is the total, and it appears in your journal alongside the trades that produced it.

That last point is not decoration. The journal is the platform, so the trade and the fee are the same record. There is nothing to reconcile between two systems, and nothing that can quietly disagree.

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