Mushino's fee schedule is based on a maker-taker model. 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.
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.
Market order
Submitting a market order will make the trader a market taker. The fee paid will be:
- 0.075%*$10,000 = $7.50
Limit order
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.
Other fees
Deposits
No fees.
Liquidation
No fees.
WIthdrawals
Mushino charges no fees on withdrawals. However, we reserve the right to charge a withdrawal fee of up to 0.10% in the event that your 30d withdrawal volume exceeds your 30d trading volume. We will reach out to you beforehand, should you ever become affected by this.
Mushino VIP Program
VIP's at Mushino receive a number of benefits, such as reduced taker fees, higher maker rebates, increased rate limits and access to premium features.
Your VIP level at Mushino depends on your 30d trading volume:
|
|
30d volume |
Maker Fee |
Taker Fee |
Rate limits |
Dedicated Account Manager |
Access to premium features |
|
None |
$0 |
-0.025% |
0.075% |
20 req/s |
No |
No |
|
VIP1 |
> $2,000,000 |
-0.030% |
0.070% |
25 req/s |
No |
No |
|
VIP2 |
> $5,000,000 |
-0.035% |
0.065% |
30 req/s |
Yes |
Yes |
|
VIP3 |
> $10,000,000 |
-0.040% |
0.060% |
35 req/s |
Yes |
Yes |
|
VIP4 |
> $25,000,000 |
-0.045% |
0.055% |
40 req/s |
Yes |
Yes |
|
VIP5 |
> $50,000,000 |
-0.050% |
0.050% |
50 req/s |
Yes |
Yes |
Notes
- Your 30d trading volume is calculated on a rolling basis.
- Your VIP level is updated automatically, based on your performance.
- You will receive an email notification when your VIP level changes.
- Your current VIP level is shown in your account settings. If your VIP level is None, nothing is shown.
- Mushino reserves the right to interpret, modify, change, or remove the VIP program at its sole discretion and will review it periodically.