Spot, perps and options are priced nothing alike
Spot charges a percentage of notional. Perps charge less, then bill you funding every eight hours. Options charge on the underlying and cap on the premium. Three guides to the real cost stack of each — and which parts of it are negotiable.
Product guides
3 guides| Product | How the fee is charged | Where the floor is | The cost people miss |
|---|---|---|---|
| bitcoin spot | Percentage maker-taker on notional, tightest books in crypto | Zero maker at the top of most ladders; rebates in MM programmes | Spread and slippage usually exceed the fee on size |
| perpetual futures | Low maker-taker on notional, plus funding — the dominant cost | Zero or negative maker in pro bands and MM programmes | Funding rate dwarfs commission on any held position |
| crypto options | Percentage of underlying, capped as a share of premium | Deepest books on the specialist venue; caps protect cheap options | Wide spreads and exercise/settlement terms, not commission |
Free initial consultation
Have your cost stack reviewed
Send the products you trade, approximate 30-day volume and your maker-taker mix. We will tell you what you can fix yourself and where a negotiated arrangement is realistic.