Mushino follows a maker-taker fee schedule. The fees charged will depend on whether the trader is a market maker or a market taker.
- Market makers are paid a rebate of +0.025% of the value of a transaction.
- Market takers are charged a fee of -0.075% of the value of a transaction.
How do I know if I'm a market taker or market maker?
- If your order is filled instantly, you become a market taker.
- If your order is not filled instantly, you become a market maker.
Since market orders are always filled instantly, submitting a market order always makes you a market taker.
Since limit orders are rarely filled instantly, submitting a limit order almost always makes you a market maker.
Note: If your limit order matches with another order at the exact time of submission, it will be filled instantly and turn you into a market taker. To ensure that this never happens, you may enable the Post flag. Orders with the Post flag are guaranteed to always make you a market maker, and will never incur any fees.
When you submit new orders by clicking within the highlighted areas, you will almost always become a market maker. The only exception is when the price moves so quickly that the support at your selected price point vanishes before your order reaches the Mushino matching engine.
Trading Fee Example
Suppose a trader wants to go long on Bitcoin with $10,000.
To open the position, the trader can submit either a market order or a limit order.
Once the order is filled, the trader's position is opened.
Submitting a market order will make the trader a market taker. The fee paid will be:
- 0.075%*$10,000 = $7.50
Submitting a limit order will make the trader a market maker. The rebate gained by the trader will be:
- 0.025%*$10,000 = $2.50
Note: This assumes that the limit order doesn't get filled instantly. In certain cases, that might not be the case. To guarantee that the limit order never gets filled instantly, enable the Post flag.
Mushino does not charge any fees on withdrawals. However, you should take note of the network fee that will be incurred on each transfer. The network fees for each supported asset are seen below: