At OXFUN, we've carefully selected competitive maker/taker fee tiers to help you cut through the noise and focus on your trading. Our general fee tiers are based on OX balances and trailing 30-day perpetual future (perp) trading volumes.
Maker/Taker Fees
Maker/Taker fee schedules are designed to incentivize traders to trade with maker orders in order to bolster market liquidity. This is done by providing a considerable discount to maker orders. On OXFUN, it’s at least 70% cheaper to trade with a maker order than it is with a taker order. The downside of trading with maker orders is that maker orders aren’t guaranteed to fill, meaning the market can move away from your price before a taker trades with you.
General Fee Structure
OXFUN VIP Level | 30 Day Volume (OX) | OX Holdings | Maker Fees Paid in OX | Taker Fees Paid in OX |
1 | 0 | 0 | 0.020% | 0.070% |
2 | 2.5M | $1K | 0.010% | 0.050% |
3 | 25M | $100K | 0.000% | 0.040% |
Trading fees are always charged in OX. The OX balance and trading volume calculations are done account-wide, ensuring that all sub-accounts are included.
Special Fee Schedule for Meme Tokens
Certain tokens, especially those with smaller market caps and lower liquidity, follow a different fee schedule that doesn't take into account VIP level. For these pairs, the fees are flat for all users: the Maker fee is 0.04%, and the Taker fee is 0.15%.
How is OXFUN VIP level determined?
To determine your OXFUN VIP level, two main factors are considered: your OX holdings and your 30-day trading volume.
OX Holdings
Your OX holdings refer to the amount of OX tokens held in your account (including all your sub-accounts). This balance directly impacts your VIP level and the corresponding trading fees. Here is the breakdown:
VIP Level 1: Requires 0 OX holdings.
VIP Level 2: Requires $1,000 worth of OX holdings.
VIP Level 3: Requires $100,000 worth of OX holdings.
30-Day Perp Trading Volume
Your 30-day trading volume is calculated using the following formula:
30 Day Trading Volume = ∑ (Contracts Traded × Match Price × OX Multiplier)
This formula takes into account the number of contracts traded (across all your sub-accounts), their respective match prices, and the OX multiplier. Based on this calculation, the required trading volumes for each VIP level are:
VIP Level 1: 0 OX in trading volume.
VIP Level 2: 2.5 million OX in trading volume.
VIP Level 3: 25 million OX in trading volume.
To achieve a specific OX VIP level, both the required OX holdings and the corresponding 30-day trading volume criteria must be met.