The trading fees on Delta are mainly charged at the Notional Size of the trade
Notional Size = Spot Price * Qty
Spot Price*: click here to know more
Example: Options
Let's assume a trader buys 300 contracts of BTC USDT option at a strike price of $26,000 while BTC is trading at 26,200
1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860
Example: Futures
Let's assume a trader buys 300 contracts of BTC USDT futures at a price of $26,200.
1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860
Fees in Options Trading (Options and Move Contracts)
Usually the trader will only be paying the Taker/Maker fees while opening or closing a position. This fees remains fixed.
Taker/Maker Fees (0.0375% of the Notional Size)
Taker fee is a trading fee charged to traders who "take" liquidity from the order book by executing trades that are immediately matched with existing orders.
Maker fee is a trading fee charged to traders who provide liquidity to the order book by placing limit orders that are not immediately matched with existing orders.
Click here to know more about taker and maker orders.
Fee Capping feature Advantage (12.5% of premium)
Delta Exchange offers a fee capping feature where the trading fee is capped at a maximum of 12.5% of the premium on options contracts. This fee capping advantage can benefit traders who deal with Deep OTM options which have low-premium.
Fee Calculation
Let's assume a trader buys 300 contracts of BTC USDT OTM option at a strike price of $26,000 at a premium of $15 while BTC is trading at $26,200
1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860
Premium Paid = Qty * Premium = 0.3 BTC * $15 = $4.5
Since, the taker/maker fees is 0.0375% the fee would have been 0.0375% * $7860 = $2.9475. However, 12.5% of the premium for this trade is 12.5% * $4.5 = $0.5625. Since this is less than $2.9475, the user will only pay $0.5625 as the trading fees.
The premium capping will be eligible only when the taker/maker fees based on the notional size is more than the fees based on the 12.5% premium calculations.
NOTE: The calculation will stay the same even in case of option selling.
Fees in Futures Trading (Inverse/USDT Linear Futures)
Usually the trader will only be paying the Taker/Maker fees while opening or closing a position. This fees remains fixed. Unlike options, the maker fees in Futures is 0.02% less than the taker fees. Hence, a user can take advantage of the less maker fees by ensuring he takes a Maker Order.
- Taker Fee: 0.06% of the Notional Size
- Maker Fee: 0.04% of the Notional Size
Fee Calculation
Let's assume a trader buys 300 contracts of BTC USDT futures at a price of $26,200.
1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860
Fees for Taker Order will be 0.06% * 7860 = $4.716 while the Fees in case it is a Maker Order will be 0.04% * 7860 = $3.144
NOTE: The calculation will stay the same even in case of a sell order.
Frequently Asked Questions
Where can I see fees paid in my account?
You can check fees paid for individual trades in the Fills or Order History section.
To check the overall fees paid, please check the Trading Activity section in the PNL Analytics page:
Does Leverage affect trading fees?
No leverage does not affect trading fees.
Which Margin Mode attracts the least trading fees?
Trading fees are independent of the margin mode. Hence, the fees will remain the same irrespective of which margin mode you trade in.
What is Delta Cash and how is it used to pay fees?
Delta Cash is a kind of a cashback that can be used to offset your trading fees. You can use this to pay 25% of the trading fee per trade (subject to if you have sufficient Delta Cash to support trading fees).
Our system automatically verifies if you have any Delta Cash in your trading account and debits the Delta Cash with a higher preference given to it than your trading balances.
Know MoreWhat is Deto and how is it used to pay fees?
DETO is the utility token of Delta Exchange. Earn DETO through trade farming, liquidity mining or referral mining.
You can use DETO to pay 25% of the trading fee per trade but only if you have enabled the ‘Pay trading fees in Deto’ option under manage preference.
Know MoreWhat is the Settlement Fee?
Settlement fees is the fee charged when an open position in a futures or options contract is automatically settled at the expiry of the contract. All settlement trades are processed as taker trades and hence taker fee is applicable.
Futures: Settlement fee is 0.06%
Options: Settlement fee is 0.0375%, capped at 12.5% of premium. The premium cap ensures that options expiring worthless do not incur any settlement fees.How much trading fees do I need to pay if my option contract expires worthless?
We do not charge any trading fees in case the option contract you were holding expires worthless.
Why are the Options trading fees high compared to Bank-Nifty (India) options?
Crypto options trading fees are slightly higher due to factors like market volatility, liquidity challenges, regulatory considerations, etc. Rest assured, we offer you the best possible rates while ensuring a user-friendly experience.
